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Property profile & analytics
FOR SALE
Commercial real estate
28117 Highway 212 SE, Boring, OR 97009
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0392141
For Sale
1 / 7
$1,999,000
28117 Highway 212 SE, Boring, OR 97009
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1926
Total area
1,690 SF
Lot
0.64 ac (28,049 SF)
Zoning code
RC
APN
23E01AA04600
UPID
US71-0392141
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
$778k
Blend (final)
Blend
$780k
Owner & transaction history
S & R Developing LLC · 18 yrs held
S & R Developing LLC
since 2007
7 recorded transactions
Zoning & alternative use
RC · 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
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
$780k
Range $702k – $858k · ±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
$462 / 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
$10,327
Tax year 2023
Assessed value
$696,177
Assessed 2023
Previous assessed
$675,900
+3.0% YoY
Effective rate
1.48%
On assessed value
Land market value
$578,476
Improvement market value
$783,400
Total market value
$1,361,876
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1926
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,690 SF
Lot
0.64 ac (28,049 SF)
Zoning code
RC
APN
23E01AA04600
UPID
US71-0392141
Jurisdiction
CLACKAMAS
Zoning & alternative use
RC · Boring, OR
Zoning RC · permitted uses
RC · 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
1926
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
S & R Developing LLC
Entity
Mailing address
22686 S JESSICA LN, ESTACADA, OR 97023-9383
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2016
—
S & R Developing LLC
—
Deed
related
$534,044 · Us Bk
Dec 26, 2007
—
S & R Developing LLC
York,shane & Renee
Grant Deed
$428,000 · Key Bank & Trust
Aug 31, 2006
$190,000
Shane York
Telford,madeline L
Grant Deed
—
—
—
Business Dev Assn Northwest
—
Deed Of Trust
related
$428,000 · Key Bank & Trust
—
—
S & R Developing LLC
—
Loan Modification
related
$534,044 · Us Bk
—
—
S & R Developing LLC
—
Deed Of Trust
related
$246,000 · Northwest Busn Dev Assn
—
—
S & R Developing LLC
—
Deed Of Trust
related
$428,000 · Key Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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