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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
240 Walnut St, Hillsboro, OR 97123-3940
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0898487
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
1.47 ac (64,033 SF)
Zoning code
I-G
APN
1S301AA-12200
UPID
US71-0898487
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
$1.20M
Owner & transaction history
Staar Properties LLC · 4 yrs held
Staar Properties LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
I-G · Hillsboro, 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 Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro 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
$1,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jul 20 2021)
Last sale anchor
$1.20M
Jul 20 2021
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
—
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
$13,940
Tax year 2023
Assessed value
$827,410
Assessed 2023
Previous assessed
$827,410
+0.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$381,040
Improvement market value
$811,870
Total market value
$1,192,910
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Lot
1.47 ac (64,033 SF)
Zoning code
I-G
APN
1S301AA-12200
UPID
US71-0898487
Jurisdiction
WASHINGTON
Zoning & alternative use
I-G · Hillsboro, OR
Zoning I-G · permitted uses
I-G · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.47 ac
Current owner
From public records · entity-resolved
Staar Properties LLC
Entity
Mailing address
228 SW WALNUT ST, HILLSBORO, OR 97123-3940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
$1,200,000
Staar Properties LLC
Renner Properties LLC
Warranty Deed
$840,000 · Banner Bank
Dec 28, 2015
—
Renner Properties LLC
Renner,roy J & Denise E
Quit Claim Deed
related
—
Jul 27, 1998
—
Roy Renner
—
Grant Deed
related
$300,000 · Valley Commercial Bank
Dec 4, 1992
$190,000
Dwayne E Heikes
Unknown
Grant Deed
—
—
—
Roy Renner
—
Loan Modification
related
$569,200 · Columbia St Bk
—
—
Roy J Renner
—
Deed Of Trust
related
$581,250 · West Coast Bank
—
—
Roy Renner
—
Deed Of Trust
related
$70,000 · West Coast Bank
—
—
Roy Renner
—
Deed Of Trust
related
$634,470 · West Coast Bank
—
—
Roy Renner
—
Deed Of Trust
related
—
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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