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Property profile & analytics
OFF-MARKET
Estimated value
$26,135,000
Warehouses
22867 Townsend Way 22887, Fairview, OR 97024-4625
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0762983
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
107,380 SF
Lot
5.47 ac (238,273 SF)
Zoning code
GI
APN
1N3E27B 00507
UPID
US71-0762983
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
$26.14M
Blend (final)
Blend
$26.14M
Owner & transaction history
Cpf Of Bdi Townsend LLC · 17 yrs held
Cpf Of Bdi Townsend LLC
since 2008
4 recorded transactions
Zoning & alternative use
GI · Fairview, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$38.4M
+71.6%
Medical building
$32.4M
+44.9%
Auto repair, garage
$31.8M
+42.2%
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 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
$22,390,000
Current use
RESTAURANT
$38,410,000
Change: +72% · Conversion: Difficult
MEDICAL BUILDING
$32,440,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,825,000
Change: +42% · Conversion: Easy
RETAIL STORES
$31,750,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$30,450,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,265,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$26.14M
Range $23.52M – $28.75M · ±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
$243 / 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
$131,922
Tax year 2023
Assessed value
$7,617,970
Assessed 2023
Previous assessed
$7,396,090
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$1,906,180
Improvement market value
$15,307,630
Total market value
$17,213,810
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 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
2008
Heating
NONE
Stories
1
Total area
107,380 SF
Lot
5.47 ac (238,273 SF)
Zoning code
GI
APN
1N3E27B 00507
UPID
US71-0762983
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
$22.4M
RESTAURANT
Est. value
$38.4M
MEDICAL BUILDING
Est. value
$32.4M
AUTO REPAIR, GARAGE
Est. value
$31.8M
RETAIL STORES
Est. value
$31.8M
COMMERCIAL (GENERAL)
Est. value
$30.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.3M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
5.47 ac
Current owner
From public records · entity-resolved
Cpf Of Bdi Townsend LLC
Entity
Mailing address
2001 ROSS AVE STE #3400, DALLAS, TX 75201-2966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2008
$24,467,033
Cpf Of Bdi Townsend LLC
Birtcher Center Of Townsend Way L
Warranty Deed
—
Jun 4, 2007
$4,853,938
Birtcher Center Of Townsend Way L
Townsend Farms INC
Grant Deed
related
$27,523,235 · Bank Of America
Mar 28, 2007
—
Townsend Farms INC
Townsend Farms INC
Quit Claim Deed
related
—
—
—
Townsend Distribution LP
—
Deed Of Trust
related
$17,250,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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