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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Manufacturing properties
3153 Schmidt NE Ln Hubbard, OR 97032-9523
Entity Owned
10-yr Hold
Free & Clear
Property ID
US71-1024016
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2018
Total area
6,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
I
APN
041W33DD02400
UPID
US71-1024016
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
-
NW Commercial Exterior Company Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.37M
Owner & transaction history
Northwest Coml Exterior Co · 10 yrs held
Northwest Coml Exterior Co
since 2015
4 recorded transactions
Zoning & alternative use
I · Hubbard, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+98.9%
Medical building
$1.9M
+79.1%
Restaurant
$1.8M
+69.4%
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)
$1,075,000
Current use
AUTO REPAIR, GARAGE
$2,140,000
Change: +99% · Conversion: Easy
MEDICAL BUILDING
$1,930,000
Change: +79% · Conversion: Difficult
RESTAURANT
$1,825,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,640,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,185,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,155,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$228 / 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
$9,418
Tax year 2023
Assessed value
$620,620
Assessed 2023
Previous assessed
$602,550
+3.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$84,940
Improvement market value
$900,720
Total market value
$985,660
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2018
Heating
STOVE
Stories
1
Bathrooms
1
Total area
6,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
I
APN
041W33DD02400
UPID
US71-1024016
Jurisdiction
MARION
Zoning & alternative use
I · Hubbard, OR
Zoning I · permitted uses
I · 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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2018
Heating
STOVE
Stories
1
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Northwest Coml Exterior Co
Entity
Free & Clear · 10 yrs held
Mailing address
3153 SCHMIDT LN NE, HUBBARD, OR 97032-9523
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Northwest Commercial Exterior Compa
—
Deed
related
$500,000 · Banner Bank
Dec 31, 2015
$150,000
Northwest Coml Exterior Co
Double I Construction LLC
Warranty Deed
—
Dec 21, 2015
$135,000
Double I Construction LLC
Krzmarzick,ray
Warranty Deed
—
Aug 24, 2006
$77,000
Ray Krzmarzick
Krzmarzick,louise C
Grant Deed
related
—
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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