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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Manufacturing properties
2994 Schmidt Ln Hubbard, OR 97032-9705
Entity Owned
17-yr Hold
Free & Clear
Property ID
US71-0894172
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
2009
Total area
17,700 SF
Lot
1.49 ac (64,904 SF)
Zoning code
IC
APN
041W33DC00900
UPID
US71-0894172
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
-
The Purlin Mill Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.30M
Owner & transaction history
Pbsl LLC · 17 yrs held
Pbsl LLC
since 2009
7 recorded transactions
Zoning & alternative use
IC · Hubbard, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+69.4%
Office building
$4.8M
+52.3%
Commercial (general)
$3.5M
+11.2%
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
INDUSTRIAL (GENERAL)
$3,175,000
Current use
RESTAURANT
$5,385,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$4,840,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,530,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,490,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,400,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±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
$186 / 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
$13,870
Tax year 2023
Assessed value
$914,000
Assessed 2023
Previous assessed
$887,380
+3.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$242,710
Improvement market value
$1,229,540
Total market value
$1,472,250
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
2009
Heating
NONE
Total area
17,700 SF
Lot
1.49 ac (64,904 SF)
Zoning code
IC
APN
041W33DC00900
UPID
US71-0894172
Jurisdiction
MARION
Zoning & alternative use
IC · Hubbard, OR
Zoning IC · permitted uses
IC · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Lot
1.49 ac
Current owner
From public records · entity-resolved
Pbsl LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 151, SILVERTON, OR 97381-0151
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
—
Pbsl LLC
—
Deed
related
$5,665,000 · Summit Bk
Nov 9, 2016
—
Pbsl LLC
—
Deed Of Trust
related
$6,250,000 · Pacific Cont'l Bk
Mar 25, 2009
—
Pbsl LLC
Pbsl LLC
Quit Claim Deed
related
—
Dec 12, 2008
—
Pbsl LLC
—
Grant Deed
related
$1,685,000 · West Coast Bank
Jan 12, 2007
$500,000
Pbsl LLC
Berning,gregory G
Warranty Deed
$375,000 · West Coast Bank
Nov 20, 1987
—
Gregory G Berning
Unknown
Grant Deed
related
—
—
—
Pbsl LLC
—
Deed Of Trust
related
$5,665,000 · Summit Bk
—
—
Pbsl LLC
—
Deed Of Trust
related
$700,000 · Economic & Cmnty Dev Commissio
—
—
Pbsl LLC
—
Deed Of Trust
related
$1,300,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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