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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Warehouses
1871 Commerce Ct 1891, Troutdale, OR 97060-8510
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0687809
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
21,912 SF
Lot
2.29 ac (99,883 SF)
Zoning code
GI
APN
1N3E22D 01008
UPID
US71-0687809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.26M
Owner & transaction history
Primary Holding LLC · 3 yrs held
Primary Holding LLC
since 2022
5 recorded transactions
Zoning & alternative use
GI · Troutdale, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+44.9%
Auto repair, garage
$6.5M
+42.2%
Retail stores
$6.5M
+41.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Troutdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,570,000
Current use
MEDICAL BUILDING
$6,620,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,495,000
Change: +42% · Conversion: Easy
RETAIL STORES
$6,480,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,215,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,770,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,110
Tax year 2023
Assessed value
$1,241,970
Assessed 2023
Previous assessed
$1,205,800
+3.0% YoY
Effective rate
1.94%
On assessed value
Land market value
$635,500
Improvement market value
$2,372,400
Total market value
$3,007,900
Applied tax rate
242.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
NONE
Stories
2
Total area
21,912 SF
Lot
2.29 ac (99,883 SF)
Zoning code
GI
APN
1N3E22D 01008
UPID
US71-0687809
Jurisdiction
MULTNOMAH
Zoning & alternative use
GI · Troutdale, OR
Zoning GI · permitted uses
GI · Troutdale, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troutdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
2
Lot
2.29 ac
Current owner
From public records · entity-resolved
Primary Holding LLC
Entity
Mailing address
1871 NW COMMERCE CT #1891, TROUTDALE, OR 97060-8510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
—
Primary Holding LLC
Pdx Trans LLC
Bargain And Sale Deed
$2,265,750 · Key Bank NA
Jan 5, 2022
$4,500,000
Pdx Trans LLC
Endeavour USA LLC
Warranty Deed
$1,500,000 · 6207 Ne 60th Ave LLC
Aug 6, 2015
—
Endeavour USA LLC
—
Trustees Deed
related
$750,000 · Keybank USA
Dec 27, 2011
—
Endeavour USA LLC
—
Trustees Deed
related
$400,000 · Key Bank & Trust
Nov 30, 2007
$1,851,410
Endeavour USA LLC
Chapman LLC
Warranty Deed
$1,573,699 · Key Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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