New search
Property profile & analytics
OFF-MARKET
Commercial real estate
205 2nd Ave, Estacada, OR 97023-0800
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-0134940
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
1,376 SF
Lot
0.96 ac (42,027 SF)
Zoning code
C1
APN
34E20DD08500
UPID
US71-0134940
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
-
Advantage Home Inspection Services Home Inspector
-
United States Postal Service Post Office Logistics Service
-
Faithful Foundations Preschool High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
George I Hansen · 4 yrs held
George I Hansen
since 2021
Last sale
$124,000
7 recorded transactions
Zoning & alternative use
C1 · Estacada, 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 Estacada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Estacada 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
$27,766
Tax year 2023
Assessed value
$1,758,017
Assessed 2023
Previous assessed
$1,706,813
+3.0% YoY
Effective rate
1.58%
On assessed value
Land market value
$428,340
Improvement market value
$1,831,090
Total market value
$2,259,430
Applied tax rate
108.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1998
Heating
FLOOR/WALL FURNACE
Bathrooms
3
Total area
1,376 SF
Lot
0.96 ac (42,027 SF)
Zoning code
C1
APN
34E20DD08500
UPID
US71-0134940
Jurisdiction
CLACKAMAS
Zoning & alternative use
C1 · Estacada, OR
Zoning C1 · permitted uses
C1 · Estacada, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Estacada. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
FLOOR/WALL FURNACE
Bathrooms
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
George I Hansen
Individual
Free & Clear · 4 yrs held
Mailing address
14889 S SUNTERRA LOOP, OREGON CITY, OR 97045-7465
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
—
George I Hansen
George Hansen
Intrafamily Transfer
related
—
Dec 29, 2017
—
Kendall Hansen Properties LLC
Hansen,kendall
Quit Claim Deed
related
—
Oct 11, 2016
$124,000
Kendall Hansen
Mill Race LLC
Warranty Deed
—
Aug 13, 2015
$1,620,000
George Hansen
Meloan J Bierlich Trust 1982
Grant Deed
—
Apr 30, 1999
—
Meloan Trust
Mill Race LLC
Grant Deed
related
—
Feb 11, 1998
$240,000
Mill Race LLC
Edwards,justin K
Grant Deed
—
Dec 20, 1995
$160,000
Justin Edwards
Guthu,michael D
Grant Deed
$120,000 · Washington Federal Savings
—
—
Mill Race LLC
—
Deed Of Trust
related
$1,170,000 · South Umpqua 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 205 2nd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
