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Property profile & analytics
OFF-MARKET
Commercial land
3063 Harrison St Milwaukie, OR 97222-6625
Individually Owned
30-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0654463
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1982
Total area
960 SF
Lot
0.34 ac (14,920 SF)
Zoning code
CG
APN
11E25CD05700
UPID
US71-0654463
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Larry M Stearns · 30 yrs held
Larry M Stearns
since 1995
7 recorded transactions
Zoning & alternative use
CG · Milwaukie, 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 Milwaukie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukie 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,451
Tax year 2023
Assessed value
$157,500
Assessed 2023
Previous assessed
$152,913
+3.0% YoY
Effective rate
2.19%
On assessed value
Land market value
$258,215
Total market value
$258,215
Applied tax rate
12.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1982
Heating
NONE
Total area
960 SF
Lot
0.34 ac (14,920 SF)
Zoning code
CG
APN
11E25CD05700
UPID
US71-0654463
Jurisdiction
CLACKAMAS
Zoning & alternative use
CG · Milwaukie, OR
Zoning CG · permitted uses
CG · Milwaukie, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Larry M Stearns
Individual
Free & Clear · 30 yrs held
Mailing address
2350 PR RD, EUGENE, OR 97402-9742
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
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 3, 2017
—
Murphy Co
—
Loan Modification
related
$125,000,000 · Us Bk
Jan 8, 2015
—
Murphy Co
—
Loan Modification
related
$114,155,526 · Us Bk
Jan 7, 2013
—
Murphy Co
—
Deed Of Trust
related
$113,281,250 · Us Bank NA
Oct 1, 2010
—
Murphy Co
—
Deed Of Trust
related
$39,377,141 · Us Bk
Sep 5, 1995
$210,000
Larry M Stearns
Tidwell,linda
Grant Deed
—
May 9, 1995
$165,000
Linda Tidwell
Grohs,howard F
Grant Deed
—
Feb 13, 1995
$165,000
Linda Tidwell
Grohs,howard F
Grant Deed
$82,500 · Seller
Feb 18, 1994
$70,000
Howard F Grohs
National Bank Of
Grant Deed
$55,000 · Individual
—
—
Larry M Stearns
—
Deed Of Trust
related
$200,000 · Dieringers Properties INC Pens
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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