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Property profile & analytics
FOR LEASE
Industrial properties
27550 Highway 212 SE, Boring, OR 97009
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0200769
For Lease
1 / 28
$1,900,000
27550 Highway 212 SE, Boring, OR 97009
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Lot
3.45 ac (150,282 SF)
Zoning code
RI
APN
23E01AC00204
UPID
US71-0200769
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
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Boring Industrial Storage Ll · 2 yrs held
Boring Industrial Storage Ll
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
RI · Boring, 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 Boring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boring 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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Feb 9 2024)
Last sale anchor
$1.90M
Feb 9 2024
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
$11,383
Tax year 2023
Assessed value
$767,323
Assessed 2023
Previous assessed
$767,323
+0.0% YoY
Effective rate
1.48%
On assessed value
Land market value
$823,059
Improvement market value
$956,190
Total market value
$1,779,249
Applied tax rate
46.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1994
Heating
NONE
Lot
3.45 ac (150,282 SF)
Zoning code
RI
APN
23E01AC00204
UPID
US71-0200769
Jurisdiction
CLACKAMAS
Zoning & alternative use
RI · Boring, OR
Zoning RI · permitted uses
RI · Boring, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boring. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
3.45 ac
Current owner
From public records · entity-resolved
Boring Industrial Storage Ll
Individual
Mailing address
PO BOX 18, OREGON CITY, OR 97045-0001
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
$306,666
Boring Industrial Storage Ll
Pacific Lumber Resources
Quit Claim Deed
related
—
Feb 9, 2024
$1,900,000
Douglas Tiner
Boring Industrail Storage LLC
Warranty Deed
—
Nov 16, 2022
$165,000
Pacific Lumber Resources
Boring Industrial Storage LLC
Warranty Deed
—
Jun 3, 2021
—
Boring Industril Storage LLC
—
Deed
related
$1,465,000 · Willamette Valley Bank
Jul 8, 2019
—
Boring Industrial Storage LLC
—
Deed
related
$1,460,000 · Clackamas Community FCU
Jun 20, 2017
—
Boring Industrial Storage LLC
—
Deed
related
$1,450,000 · Wafford Family Living Tr (pt)
May 13, 2016
—
Boring Industrial Storage LLC
—
Trustees Deed
related
$131,500 · James D Fulwiler
Jun 25, 2015
$1,080,000
Boring Industrial Storage LLC
Warren Charles R
Grant Deed
$1,255,000 · James D Fulwiler
Jul 2, 2010
—
Charles R Warren
Warren,barbara A
Quit Claim Deed
related
$228,937 · Clackamas County Bank
—
—
Charles R Warren
—
Deed Of Trust
related
$141,707 · Clackamas County Bank
—
—
Charles R Warren
—
Deed Of Trust
related
$300,000 · Clackamas County Bank
—
—
Charles R Warren
—
Deed Of Trust
related
$132,242 · Clackamas County Bank
—
—
Boring Industrial Storage LLC
—
Deed Of Trust
related
$1,450,000 · Wafford Family Living Tr (pt)
—
—
Douglas E Warren
—
Deed Of Trust
related
$343,251 · Clackamas County 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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