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Property profile & analytics
FOR SALE
Distribution centers
2805 Industrial Ave Hubbard, OR 97032
Entity Owned
9-yr Hold
Free & Clear
Property ID
US71-0545373
For Sale
1 / 10
$7,975,000
2805 Industrial Ave, Hubbard, OR 97032
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Total area
40,631 SF
Lot
2.08 ac (90,605 SF)
Zoning code
I
APN
041W33DD01900
UPID
US71-0545373
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
-
TPi Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.70M
Blend (final)
Blend
$8.70M
Owner & transaction history
Peter Cottontail Ents LLC · 9 yrs held
Peter Cottontail Ents LLC
since 2016
7 recorded transactions
Zoning & alternative use
I · Hubbard, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.1M
+67.2%
Restaurant
$12.4M
+58.2%
Office building
$11.1M
+42.2%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,810,000
Current use
MEDICAL BUILDING
$13,060,000
Change: +67% · Conversion: Difficult
RESTAURANT
$12,355,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$11,110,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,110,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$8,015,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,295,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$8.70M
Range $7.83M – $9.57M · ±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
$214 / 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
$39,673
Tax year 2023
Assessed value
$2,614,370
Assessed 2023
Previous assessed
$2,538,230
+3.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$285,350
Improvement market value
$4,557,040
Total market value
$4,842,390
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
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
2008
Heating
NONE
Stories
1
Total area
40,631 SF
Lot
2.08 ac (90,605 SF)
Zoning code
I
APN
041W33DD01900
UPID
US71-0545373
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
WAREHOUSE, STORAGE Current
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$13.1M
RESTAURANT
Est. value
$12.4M
OFFICE BUILDING
Est. value
$11.1M
COMMERCIAL (GENERAL)
Est. value
$8.1M
RETAIL STORES
Est. value
$8.0M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2008
Heating
NONE
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Peter Cottontail Ents LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2020 SW MARKET ST DR APT #205, PORTLAND, OR 97201-7717
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2016
$4,700,000
Peter Cottontail Ents LLC
Ac Investments LLC
Grant Deed
—
Jan 2, 2008
—
Michael Ovchinnikoff
Ovchinnikoff,michael & Agafia
Quit Claim Deed
related
—
Jan 2, 2008
$376,000
Ac Investments LLC
Ovchinnikoff Michael
Warranty Deed
—
Dec 24, 2007
—
Michael Ovchinnikoff
Ovchinnikoff,michael
Quit Claim Deed
related
—
Sep 30, 2003
$131,000
Michael Ovchinnikoff
Hastie,gene R & Lois A
Grant Deed
$111,000 · Gene R & Lois A Hastie
—
—
Michael Ovchinnikoff
—
Deed Of Trust
related
$300,000 · Dewayne & Daphne J Wafford
—
—
Michael Ovchinnikoff
—
Deed Of Trust
related
$47,000 · Crowning Construction INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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