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Property profile & analytics
OFF-MARKET
Estimated value
$5,060,000
Manufacturing properties
2363 Industrial Ave, Hubbard, OR 97032-9587
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0216063
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Total area
25,685 SF
Lot
3.19 ac (138,956 SF)
Zoning code
I
APN
041W33DD01500
UPID
US71-0216063
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
-
Border States Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.06M
Owner & transaction history
2363 Industrial Partners LLC · 4 yrs held
2363 Industrial Partners LLC
since 2022
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
I · Hubbard, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+79.1%
Restaurant
$7.8M
+69.4%
Office building
$7.0M
+52.3%
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 Hubbard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hubbard 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%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,610,000
Current use
MEDICAL BUILDING
$8,255,000
Change: +79% · Conversion: Difficult
RESTAURANT
$7,810,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$7,025,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,125,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$5,065,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,935,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$5.06M
Range $4.55M – $5.57M · ±10% · vs last sale $4.70M (Mar 28 2022)
Last sale anchor
$4.70M
Mar 28 2022
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
$197 / 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
$27,798
Tax year 2023
Assessed value
$1,502,320
Assessed 2023
Previous assessed
$1,458,570
+3.0% YoY
Effective rate
1.85%
On assessed value
Land market value
$431,080
Improvement market value
$1,376,400
Total market value
$1,807,480
Applied tax rate
15,119.0000
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Heating
NONE
Stories
1
Total area
25,685 SF
Lot
3.19 ac (138,956 SF)
Zoning code
I
APN
041W33DD01500
UPID
US71-0216063
Jurisdiction
MARION
Zoning & alternative use
I · Hubbard, OR
Zoning I · permitted uses
I · Hubbard, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hubbard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$8.3M
RESTAURANT
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
1
Lot
3.19 ac
Current owner
From public records · entity-resolved
2363 Industrial Partners LLC
Entity
Mailing address
414 S 16TH ST STE #100, PHILADELPHIA, PA 19146-1989
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$4,700,000
2363 Industrial Partners LLC
D & M Leasing LLC
Special Warranty Deed
—
May 15, 2019
—
D & M Leasing LLC
—
Deed
related
$548,361 · Keybank USA
Sep 18, 2009
$1,050,000
D & M Leasing LLC
Lehman Brothers Small Balance
Grant Deed
—
Jul 30, 2009
$1,234,600
Lehman Brothers Small Balance
Fidelity National Title Ins
Trustees Deed
related
—
Feb 15, 2008
—
Larionov Co LLC
—
Trustees Deed
related
$400,000 · Fw Financial Services INC
Dec 5, 2007
—
Larionov Co LLC
—
Grant Deed
related
$1,250,000 · Bfi Business Finance
Feb 26, 2007
—
Larionov Co LLC
—
Grant Deed
related
$1,450,000 · Bfi Business Finance
Sep 23, 2002
$270,000
Larionov Co LLC
Shrock Trucking INC
Grant Deed
$183,000 · West Coast Bank
Sep 5, 1997
$124,000
Rick L Disrud
Shrock Trucking INC
Grant Deed
$117,800 · Bank United Of Texas Fsb
Aug 25, 1995
$215,000
Shrock Trucking INC
Schmidt,mabel A
Grant Deed
—
—
—
D & M Leasing LLC
—
Deed Of Trust
related
$840,000 · Key Bank & Trust
—
—
D & M Leasing LLC
—
Loan Modification
related
$548,361 · Keybank USA
—
—
Larionov Co LLC
—
Deed Of Trust
related
$380,000 · Silver State Bank
—
—
Larionov Co LLC
—
Deed Of Trust
related
$522,800 · Silver State Bank
—
—
Larionov Co LLC
—
Deed Of Trust
related
$388,000 · Cascade West Fin'l Svcs INC
—
—
Larionov Co LLC
—
Deed Of Trust
related
$20,000 · Lumber Products
—
—
Rick L Disrud
—
Deed Of Trust
related
$30,000 · Wells Fargo Bank
—
—
Rick L Disrud
—
Deed Of Trust
related
$135,000 · Mortgage Market
—
—
Larionov Co LLC
—
Deed Of Trust
related
$1,137,500 · Lehman Brothers Bank Fsb
—
—
Larionov Co LLC
—
Deed Of Trust
related
$274,150 · Silver State Bank
—
—
Rick L Disrud
—
Deed Of Trust
related
$15,000 · Wells Fargo 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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