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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Turn key restaurants
2818 Portland Rd, Newberg, OR 97132-1929
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0804278
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
1.1 ac (47,916 SF)
Zoning code
C
APN
R3220AA 00400
UPID
US71-0804278
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
-
Black Bear Diner Newberg Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Cen,yao L Living Trust · 6 yrs held
Cen,yao L Living Trust
since 2020
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
C · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Mar 10 2020)
Last sale anchor
$700k
Mar 10 2020
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
$19,163
Tax year 2023
Assessed value
$1,205,266
Assessed 2023
Previous assessed
$1,170,161
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$905,402
Improvement market value
$1,046,829
Total market value
$1,952,231
Applied tax rate
29.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
1.1 ac (47,916 SF)
Zoning code
C
APN
R3220AA 00400
UPID
US71-0804278
Jurisdiction
YAMHILL
Zoning & alternative use
C · Newberg, OR
Zoning C · permitted uses
C · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Cen,yao L Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
1060 S MAIN ST, LEBANON, OR 97355-3214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 10, 2020
—
Cen,yao L Living Trust
Yao L Icen
Quit Claim Deed
related
—
Apr 13, 2018
$700,000
Yaolin Cen
Oregon Restaurant Concepts INC
Grant Deed
—
Apr 24, 2013
$700,000
Yaolin Cen
Oregon Restaurant Concepts INC
Dual Purpose Document
$450,000 · Oregon Restaurant Concepts INC
Nov 3, 2008
—
Oregon Restaurant Concepts INC
Tillamook Ice Creamery INC
Quit Claim Deed
related
—
Feb 10, 2000
$10,150
Oregon State Transportation De
Tillamook Ice Creamery INC
Grant Deed
—
Mar 29, 1996
$312,000
Lindstedt-omundson Properties
Omundson,jim & Marita
Grant Deed
related
$958,000 · Commercial Bank
—
—
Oregon Restaurant Concepts INC
—
Deed Of Trust
related
$535,500 · West Coast 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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