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Property profile & analytics
OFF-MARKET
Estimated value
$4,570,000
Warehouses
30979 Joy Ln, Hermiston, OR 97838-6220
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0674813
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
70,230 SF
Lot
5.68 ac (247,421 SF)
Zoning code
LI
APN
5N2834A002300
UPID
US71-0674813
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
-
North Star Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.57M
Owner & transaction history
Bridgeport Retail North Star LLC · 5 yrs held
Bridgeport Retail North Star LLC
since 2020
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
LI · Hermiston, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.1M
+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 Hermiston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermiston 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
$4,850,000
ML approach
$5,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,700,000
Current use
RETAIL STORES
$5,055,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$4.57M
Range $4.11M – $5.03M · ±10% · vs last sale $4.20M (Sep 2 2020)
Last sale anchor
$4.20M
Sep 2 2020
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
$65 / 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
$32,782
Tax year 2023
Assessed value
$2,102,620
Assessed 2023
Previous assessed
$2,041,380
+3.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$78,540
Assessed improvement
$2,024,080
Land market value
$241,320
Improvement market value
$5,081,550
Total market value
$5,322,870
Applied tax rate
803.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Total area
70,230 SF
Lot
5.68 ac (247,421 SF)
Zoning code
LI
APN
5N2834A002300
UPID
US71-0674813
Jurisdiction
UMATILLA
Zoning & alternative use
LI · Hermiston, OR
Zoning LI · permitted uses
LI · Hermiston, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermiston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.7M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE Current
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
2006
Heating
NONE
Lot
5.68 ac
Current owner
From public records · entity-resolved
Bridgeport Retail North Star LLC
Entity
Mailing address
PO BOX 428, LAKE OSWEGO, OR 97034-0428
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Bridgeort Retail North Star LLC
—
Deed
related
$3,555,000 · Rocky Mountain Bank
Oct 20, 2021
—
Rentail North Star LLC
—
Deed
related
$486,953 · Hapo Community Cu
Sep 2, 2020
$4,200,000
Bridgeport Retail North Star LLC
Sandra D Neddo
Warranty Deed
$3,360,000 · Hapo Community Cu
Aug 20, 2015
—
Nicholas J Neddo
Sandra D Neddo
Intrafamily Transfer
related
—
Aug 12, 2015
—
Sandra D Neddo
Sandra D Neddo
Intrafamily Transfer
related
—
Sep 12, 2011
—
Nicholas J Neddo
Sandra D Neddo
Intrafamily Transfer
related
$580,000 · Bank Of The West
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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