Property profile

2885 National Way Woodburn, OR 97071

OFF-MARKET
Warehouses
Property ID
US71-0018495
47,709 SF 29.13 ac lot Built 1990
Entity Owned 20-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Total area 47,709 SF
Lot 29.13 ac (1,268,903 SF)
Zoning code IP
APN 051W05D 03500
UPID US71-0018495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Auto Repair Shop Auto Parts Store
  • Trade Show Venue (Bike/Boat/Book/etc) Store
  • Car Dealership

Location

2885 National Way Woodburn, OR 97071-9666
Woodburn metro Census 10305 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.74M
Blend (final) Blend
$4.24M

Owner & transaction history

since 2006
5 recorded transactions
2006
$4.2M
2005
Price N/A
1994
$1.2M
1990
$150,000
1969
Price N/A

Zoning & alternative use

IP · Woodburn, OR
Zoning description

1. Industrial Park (IP) zone 2. Light Industrial (IL) zone 3. Southwest Industrial Reserve (SWIR) 4. Public and Semi-Public (P/SP) zone D. Overlay Districts 1. Gateway Commercial General Overlay District 2. Interchange M…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $17.0M +85.7%
Medical building $15.3M +67.2%
Restaurant $14.5M +58.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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