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Property profile & analytics
OFF-MARKET
Distribution centers
235 Iron Mtn Rd, Newport, OR 97365-9701
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1317004
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
WOOD
Total area
6,400 SF
Lot
0.74 ac (32,234 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
10-11-20-BD-00500-00
UPID
US71-1317004
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of Oregon · 3 yrs held
State Of Oregon
since 2023
Last sale
$280,000
7 recorded transactions
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · Newport, 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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
$9,988
Tax year 2023
Assessed value
$540,370
Assessed 2023
Previous assessed
$602,810
-10.4% YoY
Effective rate
1.85%
On assessed value
Land market value
$170,170
Improvement market value
$676,160
Total market value
$846,330
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Buildings
4
Total area
6,400 SF
Lot
0.74 ac (32,234 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
10-11-20-BD-00500-00
UPID
US71-1317004
Jurisdiction
LINCOLN
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · Newport, OR
Zoning I-1;LIGHT INDUSTRIAL · permitted uses
I-1;LIGHT INDUSTRIAL · Newport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
NONE
Buildings
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Mailing address
2600 STATE STF, SALEM, OR 97310-1336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
$280,000
State Of Oregon
Mitchem Investments LLC
Warranty Deed
—
Jun 7, 2010
$125,000
Mitchem Investments LLC
Siuslaw Bk
Grant Deed
$422,000 · Siuslaw Bank
Jan 16, 2007
—
Mitchem Investments LLC
Mitchem,timothy L
Quit Claim Deed
related
—
May 8, 2006
—
Timothy L Mitchem
Mitchem Ents LLC
Quit Claim Deed
related
—
—
—
Mitchem Ents LLC
—
Deed Of Trust
related
$1,235,908 · Siuslaw Bank
—
—
Mitchem Ents LLC
—
Deed Of Trust
related
$200,000 · Siuslaw Bank
—
—
Timothy L Mitchem
—
Deed Of Trust
related
$710,000 · Liberty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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