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Property profile & analytics
OFF-MARKET
Estimated value
$21,600,000
Commercial real estate
2000 8th Ave, West Linn, OR 97068-4680
Entity Owned
11-yr Hold
Free & Clear
Property ID
US71-0552519
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1977
Lot
3.01 ac (131,116 SF)
Zoning code
GC
APN
21E35C 02500
UPID
US71-0552519
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
Current use
Occupant on record · Public records
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
-
Principal Financial Services Financial Advisor
-
Kumon Math and Reading Center of West Linn Training Center Tutoring Service
-
Avanti Restaurant & Bar Restaurant
-
Momiji Sushi Restaurant - West Linn Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.60M
Owner & transaction history
Willamette Marketplace LLC · 11 yrs held
Willamette Marketplace LLC
since 2014
Last sale
$21.6M
7 recorded transactions
Zoning & alternative use
GC · West Linn, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Linn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Linn 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$134,661
Tax year 2023
Assessed value
$7,872,776
Assessed 2023
Previous assessed
$7,651,124
+2.9% YoY
Effective rate
1.71%
On assessed value
Land market value
$2,802,748
Improvement market value
$5,470,690
Total market value
$8,273,438
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1977
Heating
NONE
Lot
3.01 ac (131,116 SF)
Zoning code
GC
APN
21E35C 02500
UPID
US71-0552519
Jurisdiction
CLACKAMAS
Zoning & alternative use
GC · West Linn, OR
Zoning GC · permitted uses
GC · West Linn, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Linn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Lot
3.01 ac
Current owner
From public records · entity-resolved
Willamette Marketplace LLC
Entity
Free & Clear · 11 yrs held
Mailing address
810 NW MARSHALL ST STE #300, PORTLAND, OR 97209-3359
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2014
$15,305,100
Willamette Marketplace LLC
Karlin Willamette LLC
Grant Deed
—
Jan 31, 2012
—
Karlin Willamette LLC
—
Deed Of Trust
related
$7,150,000 · Mesa West R/e Income Fund
Sep 28, 2011
$10,600,000
Karlin Willamette LLC
Imcc West Linn LLC
Grant Deed
related
—
Jul 7, 2011
—
Imcc West Linn L L C
Inland Mortgage Capital Corporation
Bargain And Sale Deed
$12,831,849 · Jpmorgan Chase Bank NA
Jul 7, 2011
$14,900,000
Inland Mtg Cap Corp
Sheriff Of Clackamas County
Trustees Deed
related
—
May 25, 2011
$14,900,000
Inland Mtg Cap Corp
Sheriff Of Clackamas County
Trustees Deed
related
—
Mar 27, 2009
—
West Linn Vpc-or
—
Trustees Deed
related
$14,169,199 · Inland Mortgage Capital Corp
Apr 21, 2008
—
West Linn Vpc-or
—
Deed Of Trust
related
$18,400,000 · Inland Mortgage Capital Corp
Apr 20, 2007
—
Vpc-or West Linn
—
Grant Deed
related
$18,400,000 · Inland Mortgage Capital Corp
Feb 9, 2007
$6,670,000
West Linn Vpc-or
Willamette Mall LLC
Grant Deed
$6,210,000 · Willamette Mall LLC
Feb 1, 1991
$1,525,000
Mall Jt Ven Willamette
Unknown
Grant Deed
related
—
—
—
Willamette Mall LLC
—
Deed Of Trust
related
$180,000 · Pacific Continental Bank
—
—
Willamette Mall LLC
—
Deed Of Trust
related
$1,360,000 · Albina Community Bank
—
—
West Linn Vpc-or
—
Deed Of Trust
related
$3,100,000 · Appian Grp Invs De LLC
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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