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Property profile & analytics
OFF-MARKET
Estimated value
$43,500,000
Retail space
22855 Park Ln, Wood Village, OR 97060-2606
Entity Owned
26-yr Hold
Free & Clear
Property ID
US71-0561221
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
103,756 SF
Lot
10.66 ac (464,306 SF)
Zoning code
TC
APN
1N3E34B 00815
UPID
US71-0561221
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
-
Western Union Bank Credit Union
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Ria Money Transfer - Fred Meyer Bank Credit Union
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Trinh Le-Kha Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.50M
Blend (final)
Blend
$43.50M
Owner & transaction history
Fred Meyer Stores INC · 26 yrs held
Fred Meyer Stores INC
since 2000
1 recorded transaction
Zoning & alternative use
TC · Wood Village, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$37.1M
+21.0%
Medical building
$31.3M
+2.2%
Auto repair, garage
$30.8M
+0.2%
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
RETAIL STORES
$30,680,000
Current use
RESTAURANT
$37,110,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$31,345,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$30,750,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,420,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$27,310,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$26,685,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$43.50M
Range $39.15M – $47.85M · ±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
$419 / 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
$218,990
Tax year 2023
Assessed value
$12,924,770
Assessed 2023
Previous assessed
$12,548,330
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$11,600,900
Improvement market value
$12,259,250
Total market value
$23,860,150
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
2
Stories
1
Total area
103,756 SF
Lot
10.66 ac (464,306 SF)
Zoning code
TC
APN
1N3E34B 00815
UPID
US71-0561221
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
RETAIL STORES Current
Est. value
$30.7M
RESTAURANT
Est. value
$37.1M
MEDICAL BUILDING
Est. value
$31.3M
AUTO REPAIR, GARAGE
Est. value
$30.8M
COMMERCIAL (GENERAL)
Est. value
$29.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.3M
OFFICE BUILDING
Est. value
$26.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
NONE
Stories
1
Buildings
2
Lot
10.66 ac
Current owner
From public records · entity-resolved
Fred Meyer Stores INC
Entity
Free & Clear · 26 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2000
$6,500,000
Fred Meyer Stores INC
Kdc-oc LLC
Grant Deed
—
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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