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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Commercial real estate
23838 Hwy 99th E Harrisburg, OR 97446-9726
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-0589311
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Total area
31,028 SF
Lot
5.4 ac (235,224 SF)
APN
15S 04W 03 00601
UPID
US71-0589311
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
$2.16M
Blend (final)
Blend
$2.16M
Owner & transaction history
Jim & Phyllis Richards Family LLC · 19 yrs held
Jim & Phyllis Richards Family LLC
since 2007
7 recorded transactions
Zoning & alternative use
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 Harrisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisburg 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
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±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
$70 / 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
$11,539
Tax year 2023
Assessed value
$855,200
Assessed 2023
Previous assessed
$830,300
+3.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$308,960
Improvement market value
$646,340
Total market value
$955,300
Applied tax rate
702.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
31,028 SF
Lot
5.4 ac (235,224 SF)
APN
15S 04W 03 00601
UPID
US71-0589311
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
1
Lot
5.4 ac
Current owner
From public records · entity-resolved
Jim & Phyllis Richards Family LLC
Entity
Mailing address
PO BOX 648, ALBANY, OR 97321-0212
Ownership since
2007
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
Mar 5, 2012
—
Jim & Phyllis Richards Family
—
Deed Of Trust
related
$2,223,000 · Farm Credit Service
Apr 14, 2010
—
Jim & Phyllis Richards Fam LLC
—
Trustees Deed
related
$1,000,000 · Farm Credit Service
Jun 22, 2007
$2,025,000
Jim & Phyllis Richards Family LLC
Fisher Implement Co
Bargain And Sale Deed
—
Sep 16, 2003
—
Jim & Phyllis Family LLC
Fisher Implement Co
Grant Deed
$1,800,000 · Northwest Farm Credit Svcs
Mar 31, 1999
—
Fisher Implement Co
J & P Family LP
Grant Deed
related
—
—
—
J & P Richards Family LP
—
Deed Of Trust
related
$2,000,000 · Northwest Farm Credit Svcs
—
—
Jim & Phyllis Richards Fam LLC
—
Deed Of Trust
related
$1,200,000 · Northwest Farm Credit Svcs
—
—
Jim & Phyllis Richard Family
—
Deed Of Trust
related
$1,800,000 · Northwest 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.
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