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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Turn key restaurants
22583 Glisan St, Wood Village, OR 97060
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0123815
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Total area
4,354 SF
Lot
0.93 ac (40,581 SF)
Zoning code
TC
APN
1N3E34B 00811
UPID
US71-0123815
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
-
IHOP Restaurant
-
TenderFix by Noah Schnapp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.18M
Owner & transaction history
Jb Properties Sherwood LLC · 6 yrs held
Jb Properties Sherwood LLC
since 2019
7 recorded transactions
Zoning & alternative use
TC · Wood Village, 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 Wood Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood Village 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
$1,555,000
Current use
MEDICAL BUILDING
$1,315,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±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
$500 / 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
$37,682
Tax year 2023
Assessed value
$2,223,980
Assessed 2023
Previous assessed
$2,159,210
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$811,620
Improvement market value
$1,889,920
Total market value
$2,701,540
Applied tax rate
241.0000
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
2008
Heating
NONE
Stories
1
Total area
4,354 SF
Lot
0.93 ac (40,581 SF)
Zoning code
TC
APN
1N3E34B 00811
UPID
US71-0123815
Jurisdiction
MULTNOMAH
Zoning & alternative use
TC · Wood Village, OR
Zoning TC · permitted uses
TC · Wood Village, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wood Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT Current
MEDICAL 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
2008
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Jb Properties Sherwood LLC
Entity
Mailing address
14224 SW WHITNEY LN, SHERWOOD, OR 97140-7054
Ownership since
2019
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
Oct 28, 2019
—
Jb Properties Sherwood LLC
James K Baggenstos
Grant Deed
—
Jul 31, 2017
$2,190,000
James K Baggenstos
H & H Wood Village LLC
Grant Deed
—
Mar 21, 2017
$850,000
H&h Wood Village LLC
Wood Village Epl LLC
Special Warranty Deed
$1,300,000 · First Republic Bank
Nov 21, 2012
—
Wood Village Garp LLC
—
Deed Of Trust
related
$17,700,000 · Bank Of America
Dec 17, 2009
$2,399,101
Wood Village Epl LLC
Kubat,david A
Trustees Deed
related
—
Jun 29, 2007
$1,100,000
Wood 223 Partners LP
Wood Village Town Center
Special Warranty Deed
$2,054,000 · Farmers & Merchants Bank Of Long Be
—
—
Wood 223 Partners
—
Deed Of Trust
related
$300,000 · Davidson John F & A S Tr (tr)
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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