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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Turn key restaurants
21317 Hwy 99th NE, Aurora, OR 97002-9201
Entity Owned
8-yr Hold
Free & Clear
Property ID
US71-0322291
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Total area
8,749 SF
Lot
2.64 ac (114,998 SF)
Zoning code
C
APN
041W13BA02300
UPID
US71-0322291
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.02M
Owner & transaction history
3wb LLC · 8 yrs held
3wb LLC
since 2018
7 recorded transactions
Zoning & alternative use
C · Aurora, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+17.4%
Medical building
$2.8M
+5.7%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
RESTAURANT
$2,660,000
Current use
AUTO REPAIR, GARAGE
$3,125,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,810,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$2,390,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±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
$230 / 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
$19,252
Tax year 2023
Assessed value
$1,252,200
Assessed 2023
Previous assessed
$1,215,730
+3.0% YoY
Effective rate
1.54%
On assessed value
Land market value
$388,140
Improvement market value
$1,271,660
Total market value
$1,659,800
Applied tax rate
15,069.0000
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
2018
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
8,749 SF
Lot
2.64 ac (114,998 SF)
Zoning code
C
APN
041W13BA02300
UPID
US71-0322291
Jurisdiction
MARION
Zoning & alternative use
C · Aurora, OR
Zoning C · permitted uses
C · Aurora, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.4M
RESTAURANT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2018
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
3wb LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 820570, VANCOUVER, WA 98682-0012
Ownership since
2018
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
May 21, 2018
—
3wb LLC
21317 Aurora LLC
Warranty Deed
related
—
Mar 18, 2016
$370,000
21317 Aurora LLC
Troyer,valerie J
Warranty Deed
$370,000 · Warren & Bernice Bean
Jul 20, 2011
—
Valerie J Troyer
Bemrose,bodie C
Quit Claim Deed
related
—
Jul 9, 2009
$335,000
Bodie C Bemrose
Troyer,valerie J
Warranty Deed
$331,543 · Valerie J Troyer
Jun 3, 2005
$335,000
Valerie J Troyer
Titsworth Jay R & C A Trust
Warranty Deed
—
Jul 29, 1999
$260,000
Jay R Titsworth
Byrnes,michael G & Kate A
Grant Deed
$195,000 · West Coast Bank
—
—
Michael G Byrnes
—
Deed Of Trust
related
$150,000 · Bank Of Newport
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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