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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Office Spaces
23424 Halsey St, Wood Village, OR 97060-2851
Entity Owned
Free & Clear
Property ID
US71-1810565
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2009
Total area
11,980 SF
Lot
0.71 ac (30,928 SF)
Zoning code
NC
APN
1N3E27DC 02000
UPID
US71-1810565
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
-
Ben Brown - State Farm Insurance Agent Insurance Agency
-
Sam Asbury, Esq. Law Firm
-
Direct Placement LLC Advertising Agency Marketing & Advertising
-
Manic Queen Of Beauty Hair Salon Nail Salon
-
Craft Coffee House Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.31M
Owner & transaction history
Kjr Realty Group LLC
Kjr Realty Group LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
NC · Wood Village, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+6.5%
Auto repair, garage
$3.6M
+4.5%
Retail stores
$3.5M
+4.3%
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
$2,610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,370,000
6.5%
$2,190,000
7%
$2,035,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,395,000
Current use
MEDICAL BUILDING
$3,620,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,550,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$3,540,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,155,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$3,080,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $1.95M (Jun 3 2025)
Last sale anchor
$1.95M
Jun 3 2025
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
$193 / 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
$18,779
Tax year 2023
Assessed value
$1,108,330
Assessed 2023
Previous assessed
$1,076,050
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$553,140
Improvement market value
$1,176,840
Total market value
$1,729,980
Applied tax rate
932.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2009
Heating
OTHER
Stories
2
Bathrooms
1
Total area
11,980 SF
Lot
0.71 ac (30,928 SF)
Zoning code
NC
APN
1N3E27DC 02000
UPID
US71-1810565
Jurisdiction
MULTNOMAH
Zoning & alternative use
NC · Wood Village, OR
Zoning NC · permitted uses
NC · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2009
Heating
OTHER
Stories
2
Bathrooms
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Kjr Realty Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
17017 SE KATMAI CT, HAPPY VALLEY, OR 97086-2199
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$1,950,000
Kjr Realty Group LLC
Mlk Oil LLC
Warranty Deed
—
Jan 17, 2023
$2,250,000
Mlk Oil LLC
Eror Properties LLC
Warranty Deed
—
Oct 15, 2019
—
Eror Properties LLC
Nicholas G Eror
Quit Claim Deed
related
—
Aug 10, 2018
$2,000,000
Nicholas G Eror
Ek LLC
Warranty Deed
—
May 6, 2016
—
Ek LLC
—
Deed
related
$1,100,000 · Umpqua Bk
May 2, 2012
—
Ek LLC
Entezari,pooneh
Grant Deed
related
—
Oct 23, 2009
—
Pooneh Entezari-afshar
—
Trustees Deed
related
—
Mar 19, 2009
—
Entezari-afshar,pooneh
—
Trustees Deed
related
$500,000 · Umpqua Bk
Jan 12, 2009
—
Afshar & Associates LLC
—
Trustees Deed
related
—
Feb 8, 2008
—
Pooneh Entezari
Entezari,pooneh
Quit Claim Deed
related
—
Dec 21, 2005
—
H & R Properties LLC
H & R Homes & Dev INC
Quit Claim Deed
related
—
—
—
Ek LLC
—
Loan Modification
related
$1,100,000 · Umpqua Bk
—
—
Ek LLC
—
Loan Modification
related
$1,200,000 · Umpqua Bk
—
—
Ek LLC
—
Deed Of Trust
related
—
—
—
Ek LLC
—
Deed Of Trust
related
$50,000 · Umpqua Bank
—
—
Ek LLC
—
Loan Modification
related
$3,260,000 · Umpqua Bk
—
—
Ek LLC
—
Loan Modification
related
$3,915,000 · Umpqua Bk
—
—
Pooneh Entezari-afshar
—
Deed Of Trust
related
$740,000 · Umpqua Bank
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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