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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Turn key restaurants
2115 Pacific SW Blvd, Albany, OR 97321-3534
Entity Owned
1-yr Hold
Free & Clear
Property ID
US71-0827079
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
4,812 SF
Lot
0.97 ac (42,253 SF)
APN
11S 04W 12DD 03400
UPID
US71-0827079
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
-
Subway Take-out & Catering Catering Service
-
Jamba Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Melody's Auto Detailz Car Wash
-
Shine On Auto Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Shine Warehouse LLC · 1 yrs held
Shine Warehouse LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$1,230,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$620,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Sep 1 2021)
Last sale anchor
$1.00M
Sep 1 2021
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
$208 / 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
$18,654
Tax year 2023
Assessed value
$936,570
Assessed 2023
Previous assessed
$873,040
+7.3% YoY
Effective rate
1.99%
On assessed value
Land market value
$763,780
Improvement market value
$563,320
Total market value
$1,327,100
Applied tax rate
846.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
4,812 SF
Lot
0.97 ac (42,253 SF)
APN
11S 04W 12DD 03400
UPID
US71-0827079
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1978
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Shine Warehouse LLC
Entity
Free & Clear · 1 yrs held
Mailing address
33140 HWY 34TH SE, ALBANY, OR 97322-7233
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Shine Warehouse LLC
3000 Main St LLC
Bargain & Sale Deed
—
Jan 31, 2025
$235,000
3000 Main St LLC
Joy Ann Gardner
Warranty Deed
—
Sep 1, 2021
$1,000,000
Sue Nation LLC
Dean F Jansen LLC
Warranty Deed
—
Feb 24, 2020
—
Dean F Jansen LLC
—
Deed
related
$900,000 · Umpqua Bk
Oct 29, 2019
—
Gardner,joy A Living Trust
Joy A Gardner
Quitclaim Deed
related
—
May 1, 2019
—
Joy A Gardner
Gardner Gregory A
Quitclaim Deed
related
—
Mar 28, 2019
—
Dean F Jansen LLC
—
Deed
related
$900,000 · Umpqua Bk
Jul 3, 2017
—
Gregory D Gardner
—
Deed
related
$63,000 · Pacific Blvd 2nd Loan
Mar 28, 2017
—
Gregory D Gardner
—
Deed
related
$137,000 · Pacific Blvd Loan
Jan 6, 2017
—
Gregory D Gardner
Gardner,joy A
Quitclaim Deed
related
—
—
—
Dean F Jansen LLC
—
Loan Modification
related
$900,000 · Umpqua Bk
—
—
Dean F Jansen LLC
—
Loan Modification
related
$900,000 · Umpqua Bk
—
—
Dean F Jansen LLC
—
Deed Of Trust
related
$609,000 · Us Bank NA
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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