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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Warehouses
204 2nd St, Jefferson, OR 97352
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US71-0532368
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
10,712 SF
Lot
0.29 ac (12,632 SF)
Zoning code
MUH
APN
103W11AA03800
UPID
US71-0532368
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
-
La Bendición Mexican Food Truck Food Processing Plant
-
Jefferson Rental Center (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Tuatara of Oregon Sales & Service Car Dealership Motorcycle Shop
-
Baker Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.26M
Owner & transaction history
Cory W Baker · 29 yrs held
Cory W Baker
since 1997
6 recorded transactions
Zoning & alternative use
MUH · Jefferson, 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 Jefferson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jefferson 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
$2,060,000
Current use
INDUSTRIAL (GENERAL)
$1,925,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$117 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$177
Tax year 2022
Assessed value
$129,610
Assessed 2023
Previous assessed
$125,840
+3.0% YoY
Effective rate
0.14%
On assessed value
Land market value
$75,790
Improvement market value
$205,440
Total market value
$281,230
Applied tax rate
14,130.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Stories
1
Total area
10,712 SF
Lot
0.29 ac (12,632 SF)
Zoning code
MUH
APN
103W11AA03800
UPID
US71-0532368
Jurisdiction
MARION
Zoning & alternative use
MUH · Jefferson, OR
Zoning MUH · permitted uses
MUH · Jefferson, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jefferson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1931
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Cory W Baker
Individual
Mailing address
PO BOX 110, JEFFERSON, OR 97352-0110
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2019
—
Cory W Baker
—
Deed
related
$167,000 · Willamette Cmnty Bk
Mar 13, 1997
$85,000
Cory W Baker
Cobb Manufacturing Company INC
Grant Deed
$75,000 · Seller
—
—
Cory W Baker
—
Deed Of Trust
related
$167,000 · Willamette Cmnty Bk
—
—
Cory W Baker
—
Deed Of Trust
related
$130,000 · Westar Financial INC
—
—
Lisa Baker
—
Deed Of Trust
related
$17,401 · Lumbermens INC
—
—
Cory W Baker
—
Deed Of Trust
related
$32,717 · Oregon Truss Co INC
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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