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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Warehouses
19727 Hwy 99e Hubbard, OR 97032-9716
Individually Owned
12-yr Hold
Free & Clear
Property ID
US71-0224929
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
2,000 SF
Lot
1 ac (43,560 SF)
Zoning code
C
APN
041W23C 00400
UPID
US71-0224929
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
$618k
Blend (final)
Blend
$620k
Owner & transaction history
Cheri D Cooley · 12 yrs held
Cheri D Cooley
since 2014
4 recorded transactions
Zoning & alternative use
C · Hubbard, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A small-scale manufacturing operation may be permitted in the Commercial (C) District as a conditional use provided that: A. the area involved in the manufacturing of the product does not involve more than 4,000 square feet of floor area, and all storage of materials is enclosed; B. the building and site plan are not incompatible with the character of the co…
Zone name
Commercial
General category
COMMERCIAL
Zone area
34.83 ac
Source
CITY OF HUBBARD, OREGON
Top alternative use upside
Auto repair, garage
$715,000
+85.7%
Medical building
$645,000
+67.2%
Office building
$545,000
+42.2%
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 Hubbard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hubbard 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
$385,000
Current use
AUTO REPAIR, GARAGE
$715,000
Change: +86% · Conversion: Easy
MEDICAL BUILDING
$645,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$400,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$310 / 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
$7,065
Tax year 2023
Assessed value
$635,220
Assessed 2023
Previous assessed
$616,720
+3.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$261,360
Improvement market value
$544,450
Total market value
$805,810
Applied tax rate
15,569.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
4
Stories
1
Total area
2,000 SF
Lot
1 ac (43,560 SF)
Zoning code
C
APN
041W23C 00400
UPID
US71-0224929
Jurisdiction
MARION
Zoning & alternative use
C · Hubbard, ORZoning C · permitted uses
C · Hubbard, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A small-scale manufacturing operation may be permitted in the Commercial (C) District as a conditional use provided that: A. the area involved in the manufacturing of the product does not involve more than 4,000 square feet of floor area, and all storage of materials is enclosed; B. the building and site plan are not incompatible with the character of the commercial area; C. no building shall be located closer than 60 feet to the centerline of a public road; provided, however, that in no case shall any structure be located closer than 20 feet to the right-of-way of any state highway or public road; D. there shall be a side yard of 20 feet in width adjacent to a residential district; E. there shall be a rear yard of 20 feet in width adjacent to a residential district; F. all sign requirements of Section 2.206 are met; G. all height requirements of the commercial district are met; H. off-street parking shall be provided for all customers and employees of the manufacturing business consistent with the provisions of Section 2.203; and I. the use shall not be objectionable in relationship to surrounding residential or commercial uses because of odor, dust, smoke, cinders, fumes, noise, glare, heat or vibration. 2.304.02 Process
Zone name
Commercial
General category
COMMERCIAL
Zone area
34.83 ac
Source
CITY OF HUBBARD, OREGON
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$645,000
OFFICE BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$400,000
RETAIL STORES
Est. value
$395,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1992
Heating
NONE
Stories
1
Buildings
4
Lot
1 ac
Current owner
From public records · entity-resolved
Cheri D Cooley
Individual
Free & Clear · 12 yrs held
Mailing address
19727 HWY 99E, HUBBARD, OR 97032-9716
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2014
—
Cheri D Cooley
Resources Northwest INC
Grant Deed
related
—
Jul 2, 2004
$1,550,000
Balance Investments LLC
Resources Northwest INC
Grant Deed
—
Feb 4, 1987
$80,000
Kenneth W Hick
Unknown
Grant Deed
—
—
—
Resources Northwest INC
—
Deed Of Trust
related
$450,000 · Liberty Bank
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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