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Property profile & analytics
FOR LEASE
Retail space
23500 NE Sandy Blvd, Wood Village, OR 97060
Individually Owned
33-yr Hold
Free & Clear
Property ID
US71-0837996
For Lease
1 / 2
Contact for pricing
23500 NE Sandy Blvd, Wood Village, OR 97060
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
192,210 SF
Lot
18.31 ac (797,584 SF)
Zoning code
CI
APN
1N3E27AC 00300
UPID
US71-0837996
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
-
Western Union Bank Credit Union
-
Walmart Pet Services Kennel & Boarding Facility
-
Walmart Bakery Bakery Take-out & Catering
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Auto Care Centers Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$50.50M
Blend (final)
Blend
$50.50M
Owner & transaction history
Dale W Krueger · 33 yrs held
Dale W Krueger
since 1992
1 recorded transaction
Zoning & alternative use
CI · Wood Village, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$68.8M
+21.0%
Medical building
$58.1M
+2.2%
Auto repair, garage
$57.0M
+0.2%
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 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
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
RETAIL STORES
$56,830,000
Current use
RESTAURANT
$68,750,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$58,070,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$56,965,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$54,505,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$50,595,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$49,435,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$50.50M
Range $45.45M – $55.55M · ±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
$263 / 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
$251,130
Tax year 2023
Assessed value
$14,821,710
Assessed 2023
Previous assessed
$14,390,010
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$16,496,250
Improvement market value
$21,561,890
Total market value
$38,058,140
Applied tax rate
241.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2000
Heating
NONE
Stories
1
Total area
192,210 SF
Lot
18.31 ac (797,584 SF)
Zoning code
CI
APN
1N3E27AC 00300
UPID
US71-0837996
Jurisdiction
MULTNOMAH
Zoning & alternative use
CI · Wood Village, OR
Zoning CI · permitted uses
CI · 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
RETAIL STORES Current
Est. value
$56.8M
RESTAURANT
Est. value
$68.8M
MEDICAL BUILDING
Est. value
$58.1M
AUTO REPAIR, GARAGE
Est. value
$57.0M
COMMERCIAL (GENERAL)
Est. value
$54.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$50.6M
OFFICE BUILDING
Est. value
$49.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2000
Heating
NONE
Stories
1
Lot
18.31 ac
Current owner
From public records · entity-resolved
Dale W Krueger
Individual
Free & Clear · 33 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 1992
$650,000
Dale W Krueger
Unknown
Grant Deed
—
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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