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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Warehouses
305 5th Ave Milton Freewater, OR 97862
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0975249
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Total area
27,696 SF
Lot
1.31 ac (56,933 SF)
Zoning code
I-M
APN
5N3502AD00100
UPID
US71-0975249
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
-
U-Store-It Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.95M
Owner & transaction history
U Store It Mini Storage LLC · 4 yrs held
U Store It Mini Storage LLC
since 2021
1 recorded transaction
Zoning & alternative use
I-M · Milton Freewater, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The industrial manufacturing zone provides for the full range of production, fabrication and processing uses which form the industrial base of the economy.
Zone name
Industrial Manufacturing
General category
INDUSTRIAL
Zone area
113.52 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.8M
+91.1%
Retail stores
$2.0M
+36.7%
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 Milton Freewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton Freewater 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
WAREHOUSE, STORAGE
$1,460,000
Current use
COMMERCIAL (GENERAL)
$2,785,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$1,995,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$70 / 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
$14,448
Tax year 2023
Assessed value
$822,520
Assessed 2023
Previous assessed
$798,570
+3.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$27,470
Assessed improvement
$795,050
Land market value
$23,380
Improvement market value
$1,380,780
Total market value
$1,404,160
Applied tax rate
701.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Total area
27,696 SF
Lot
1.31 ac (56,933 SF)
Zoning code
I-M
APN
5N3502AD00100
UPID
US71-0975249
Jurisdiction
UMATILLA
Zoning & alternative use
I-M · Milton Freewater, ORZoning I-M · permitted uses
I-M · Milton Freewater, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The industrial manufacturing zone provides for the full range of production, fabrication and processing uses which form the industrial base of the economy.
Zone name
Industrial Manufacturing
General category
INDUSTRIAL
Zone area
113.52 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1975
Heating
NONE
Lot
1.31 ac
Current owner
From public records · entity-resolved
U Store It Mini Storage LLC
Entity
Mailing address
684 COLLEGE ST, MILTON FREEWATER, OR 97862-1442
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
—
U Store It Mini Storage LLC
Paul R Seaquist
Bargain And Sale Deed
—
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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