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Property profile & analytics
OFF-MARKET Estimated value $3,650,000
Warehouses

2879 Industrial Ave Hubbard, OR 97032-9541

15,200 SF 1.34 ac lot Built 1992
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0972299
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1992
Total area 15,200 SF
Lot 1.34 ac (58,370 SF)
Zoning code IC
APN 041W33DA07300
UPID US71-0972299
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
$3.65M
Blend (final) Blend
$3.65M
Owner & transaction history
John R Demers · 7 yrs held
John R Demers
since 2018
1 recorded transaction
2018
$50,000
Zoning & alternative use
IC · Hubbard, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

2.108 INDUSTRIAL-COMMERCIAL DISTRICT (IC) 2.108.01 Purpose The purpose of the IC (Industrial-Commercial) District is to provide areas suitable for light industrial uses, light industrial uses with related commercial sales, commercial retail uses and wholesale commercial sales. The IC District is appropriate in those areas designated Industrial in the Compreh…

Zone name Industrial Commercial
General category INDUSTRIAL
Zone area 61.53 ac
Source CITY OF HUBBARD, OREGON
Top alternative use upside
Auto repair, garage $5.4M +85.7%
Medical building $4.9M +67.2%
Restaurant $4.6M +58.2%
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