New search
Property profile & analytics
FOR LEASE
Warehouses
20824 Matthieu St NE, Donald, OR 97020
Entity Owned
2-yr Hold
Free & Clear
Property ID
US71-0395700
For Lease
1 / 2
$14,000/Mo
20824 Matthieu St NE, Donald, OR 97020
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
24,400 SF
Lot
3.89 ac (169,448 SF)
Zoning code
I
APN
041W17C 00700
UPID
US71-0395700
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
-
Sungro Horticulture Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.86M
Owner & transaction history
Lasselle Family Limited Partnership · 2 yrs held
Lasselle Family Limited Partnership
since 2024
7 recorded transactions
Zoning & alternative use
I · Donald, 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 Donald submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Donald 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
$4,690,000
Current use
INDUSTRIAL (GENERAL)
$4,380,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,541
Tax year 2023
Assessed value
$372,080
Assessed 2023
Previous assessed
$361,250
+3.0% YoY
Effective rate
1.22%
On assessed value
Land market value
$503,880
Improvement market value
$667,330
Total market value
$1,171,210
Applied tax rate
15,080.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Year built
1975
Heating
NONE
Buildings
4
Stories
1
Total area
24,400 SF
Lot
3.89 ac (169,448 SF)
Zoning code
I
APN
041W17C 00700
UPID
US71-0395700
Jurisdiction
MARION
Zoning & alternative use
I · Donald, OR
Zoning I · permitted uses
I · Donald, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Donald. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
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
1975
Heating
NONE
Stories
1
Buildings
4
Lot
3.89 ac
Current owner
From public records · entity-resolved
Lasselle Family Limited Partnership
Entity
Free & Clear · 2 yrs held
Mailing address
12175 SW BULL MTN RD, TIGARD, OR 97224-2544
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2024
—
Lasselle Family Limited Partnership
Lasselle Properties LLC
Deed
related
—
Aug 31, 2015
—
Lasselle Properties LLC
Lasselle Courtney D Trust
Quit Claim Deed
related
—
Mar 30, 2004
—
Lasselle Courtney D Trust
Lasselle,courtney D
Quit Claim Deed
related
—
Feb 10, 1999
$270,500
Courtney D Lasselle
Lasselle,courtney D
Trustees Deed
related
—
Jun 30, 1985
$300,000
Donald A Matteson
Unknown
Grant Deed
—
—
—
Courtney D Lasselle
—
Deed Of Trust
related
$129,350 · Individual
—
—
Courtney D Lassalle
—
Deed Of Trust
related
$153,366 · Individual
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?”
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.
