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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
23200 Hubbard Cutoff NE Rd, Aurora, OR 97002-9412
Entity Owned
10-yr Hold
Free & Clear
Property ID
US71-1004928
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
2016
Total area
231,875 SF
Lot
15 ac (653,400 SF)
Zoning code
EFU
APN
041W02A 01400
UPID
US71-1004928
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
-
Smith Gardens Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Smith Aurora LLC · 10 yrs held
Smith Aurora LLC
since 2015
7 recorded transactions
Zoning & alternative use
EFU · Aurora, 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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$99,027
Tax year 2023
Assessed value
$8,864,050
Assessed 2023
Previous assessed
$8,605,992
+3.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$285,280
Improvement market value
$14,947,390
Total market value
$15,232,670
Applied tax rate
15,560.0000
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 properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
2
Total area
231,875 SF
Lot
15 ac (653,400 SF)
Zoning code
EFU
APN
041W02A 01400
UPID
US71-1004928
Jurisdiction
MARION
Zoning & alternative use
EFU · Aurora, OR
Zoning EFU · permitted uses
EFU · Aurora, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
2
Lot
15 ac
Current owner
From public records · entity-resolved
Smith Aurora LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4164 MERIDIAN ST STE #400, BELLINGHAM, WA 98226-5583
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2018
—
Smith Aurora LLC
—
Deed
related
$2,000,000 · Farm Credit Svcs
Jun 20, 2016
—
Smith Aurora LLC
—
Deed
related
$22,905,000 · Farm Credit Svcs
Jul 15, 2015
$950,000
Smith Aurora LLC
Kb Oreo LLC
Grant Deed
—
Oct 6, 2014
$892,846
Kb Oreo LLC
Russillo Craig G
Trustees Deed
—
Jul 10, 1992
—
Land Freeman
Unknown
Grant Deed
related
—
—
—
Smith Aurora LLC
—
Deed Of Trust
related
$22,905,000 · Farm Credit Svcs
—
—
Teshera Palmer & Saunders LLC
—
Deed Of Trust
related
$12,580 · Key Bank NA
—
—
Smith Aurora LLC
—
Loan Modification
related
$2,000,000 · Farm Credit Svcs
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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