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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Medical Office Space
2050 Progress Way, Woodburn, OR 97071-9764
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-0735385
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2011
Total area
6,914 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CG
APN
051W08B 02600
UPID
US71-0735385
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
-
Kathryn Hale Physician
-
Kormaskova Elena V MD Physician
-
Dr. Richard H. Steinberg, MD Pediatrician Medical Clinic
-
Mathers Sue MD Physician
-
Elizabeth Barr, PNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.54M
Owner & transaction history
2050 Progress Way LLC · 10 yrs held
2050 Progress Way LLC
since 2015
7 recorded transactions
Zoning & alternative use
CG · Woodburn, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+11.1%
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 Woodburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodburn 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
MEDICAL BUILDING
$2,225,000
Current use
AUTO REPAIR, GARAGE
$2,470,000
Change: +11% · Conversion: Difficult
RESTAURANT
$2,105,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$1,890,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±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
$367 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$21,980
Tax year 2021
Assessed value
$1,174,740
Assessed 2023
Previous assessed
$1,140,530
+3.0% YoY
Effective rate
1.87%
On assessed value
Land market value
$291,150
Improvement market value
$1,257,710
Total market value
$1,548,860
Applied tax rate
3,039.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Total area
6,914 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CG
APN
051W08B 02600
UPID
US71-0735385
Jurisdiction
MARION
Zoning & alternative use
CG · Woodburn, OR
Zoning CG · permitted uses
CG · Woodburn, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
2011
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
2050 Progress Way LLC
Entity
Mailing address
2050 PROGRESS WAY, WOODBURN, OR 97071-9764
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2015
$1,275,000
2050 Progress Way LLC
Berryman Clarke & P Trust
Warranty Deed
$1,237,500 · Columbia St Bk
Oct 30, 2015
—
2050 Progress Way LLC
Steinberg Richard H Trust
Grant Deed
related
—
Sep 9, 2015
—
Triplette,kenneth R Trust
Wpc Properties LLC
Quit Claim Deed
related
—
Apr 8, 2010
$325,403
Wpc Properties LLC
Baker,john E & Delisa L B
Warranty Deed
—
Apr 8, 2010
$1,107,348
Milford D Case
Baker,john E & Delisa L B
Grant Deed
—
Mar 17, 2010
—
Curtis & Zbinden LLC
Curtis & Zbinden LLC
Quit Claim Deed
related
—
May 29, 2007
—
Jade Joda
Dijahnelos Homes INC
Grant Deed
related
—
Dec 15, 2005
$800,000
Dijahnelos Homes INC
Wwdm Ltd
Warranty Deed
$450,000 · Silver Falls Bank
—
—
Wpc Properties LLC
—
Deed Of Trust
related
$1,372,000 · West Coast 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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