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Property profile & analytics
OFF-MARKET
Estimated value
$4,855,000
Grocery and convenience stores
215 B St, Rainier, OR 97048-2723
Individually Owned
6-yr Hold
Free & Clear
Property ID
US71-0649957
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2018
Total area
18,875 SF
Lot
1.4 ac (60,984 SF)
Zoning code
RN:CBD
APN
7216-DB-01700
UPID
US71-0649957
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
-
Grocery Outlet Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.66M
CAP Approach
CAP
$4.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.86M
Owner & transaction history
Enrique D Santiago · 6 yrs held
Enrique D Santiago
since 2020
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
RN:CBD · Rainier, 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 Rainier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rainier 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
$5,195,000
ML approach
$5,660,000
CAP Approach
CAP Return
Estimation
6%
$4,790,000
6.5%
$4,420,000
7%
$4,105,000
Blend value · Realmo final
$4.86M
Range $4.37M – $5.34M · ±10% · vs last sale $4.50M (Feb 21 2020)
Last sale anchor
$4.50M
Feb 21 2020
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
$257 / 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
$48,860
Tax year 2023
Assessed value
$2,589,170
Assessed 2023
Previous assessed
$2,513,760
+3.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$683,040
Assessed improvement
$1,906,130
Land market value
$941,590
Improvement market value
$2,837,880
Total market value
$3,779,470
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2018
Heating
NONE
Total area
18,875 SF
Lot
1.4 ac (60,984 SF)
Zoning code
RN:CBD
APN
7216-DB-01700
UPID
US71-0649957
Jurisdiction
COLUMBIA
Zoning & alternative use
RN:CBD · Rainier, OR
Zoning RN:CBD · permitted uses
RN:CBD · Rainier, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rainier. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Lot
1.4 ac
Current owner
From public records · entity-resolved
Enrique D Santiago
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 1533, BURLINGAME, CA 94011-1533
Ownership since
2020
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
Jun 30, 2020
—
Enrique D Santiago
—
Deed
related
$2,500,000 · Bank Of The West
Feb 21, 2020
$4,500,000
Enrique D Santiago
Cd Go Rainier LLC
Grant Deed
—
Aug 14, 2019
—
Cd Go Rainier LLC
—
Deed
related
$3,413,162 · Sb Ib Redbud LP
Oct 24, 2017
$1,000,000
Cd Go Rainier LLC
215 W B LLC
Grant Deed
$3,413,162 · Sb Finco II LP
Oct 24, 2017
—
Cd Dg Rainier LLC
—
Trustees Deed
related
$1,760,000 · Sb Finco II LP
Dec 28, 2009
—
Leno Properties LLC
Leno,daniel R & Josephine A
Quit Claim Deed
related
—
Nov 22, 2005
—
Daniel R Leno
Steven J Oliva
Special Warranty Deed
$800,000 · Us Bank NA
—
—
Cd Go Rainier LLC
—
Loan Modification
related
$3,413,162 · Sb Ib Redbud LP
—
—
Enrique D Santiago
—
Deed Of Trust
related
$2,500,000 · Bank Of The West
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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