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Property profile & analytics
OFF-MARKET
Estimated value
$20,055,000
Warehouses
22860 Townsend Way, Fairview, OR 97024-4625
Entity Owned
10-yr Hold
Free & Clear
Property ID
US71-0517939
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
150,000 SF
Lot
5.64 ac (245,678 SF)
Zoning code
GI
APN
1N3E27B 00501
UPID
US71-0517939
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
$20.06M
Blend (final)
Blend
$20.06M
Owner & transaction history
Ag Properties LLC · 10 yrs held
Ag Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
GI · Fairview, 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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
WAREHOUSE, STORAGE
$31,275,000
Current use
Blend value · Realmo final
$20.06M
Range $18.05M – $22.06M · ±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
$134 / 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
$98,589
Tax year 2023
Assessed value
$5,692,016
Assessed 2023
Previous assessed
$4,539,275
+25.4% YoY
Effective rate
1.73%
On assessed value
Land market value
$1,965,520
Improvement market value
$7,948,970
Total market value
$9,914,490
Applied tax rate
925.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
NONE
Total area
150,000 SF
Lot
5.64 ac (245,678 SF)
Zoning code
GI
APN
1N3E27B 00501
UPID
US71-0517939
Jurisdiction
MULTNOMAH
Zoning & alternative use
GI · Fairview, OR
Zoning GI · permitted uses
GI · Fairview, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$31.3M
WAREHOUSE, STORAGE Current
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
2022
Heating
NONE
Lot
5.64 ac
Current owner
From public records · entity-resolved
Ag Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 989, EUGENE, OR 97440-0989
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2016
$1,351,231
Ag Properties LLC
Townsend Farms INC
Warranty Deed
—
Feb 25, 2013
—
Townsend Farms INC
—
Deed Of Trust
related
$28,728,750 · Bank Of The West
Sep 27, 2012
—
Townsend Farms INC
—
Deed Of Trust
related
$33,023,233 · Bank Of The West
Apr 12, 2012
—
Townsend Farms INC
—
Deed Of Trust
related
$33,023,233 · Bank Of The West
Jan 20, 2012
—
Townsend Farms INC
—
Deed Of Trust
related
$33,719,719 · Bank Of The West
Nov 14, 2011
—
Townsend Farms INC
—
Deed Of Trust
related
$32,219,719 · Bank Of The West
Jun 30, 2011
—
Townsend Farms INC
—
Deed Of Trust
related
$15,000,000 · Bank Of The West
Nov 2, 2010
—
Townsend Farms INC
—
Deed Of Trust
related
$27,528,385 · Bank Of The West
Jan 21, 2010
—
Townsend Farms INC
—
Deed Of Trust
related
$3,182,794 · Townsend R & R J I S Tr (pt)
Aug 25, 2009
—
Townsend Farms INC
—
Deed Of Trust
related
$26,000,000 · Bank Of The West
Jul 13, 2009
—
Townsend Farms INC
—
Deed Of Trust
related
$31,000,000 · Bank Of The West
Jun 15, 2009
—
Townsend Farms INC
—
Deed Of Trust
related
$31,000,000 · Bank Of The West
—
—
Townsend Farms INC
—
Loan Modification
related
$33,890 · Bank Of The West
—
—
Townsend Farms INC
—
Loan Modification
related
—
—
—
Townsend Farms INC
—
Loan Modification
related
—
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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