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Property profile & analytics
OFF-MARKET
Estimated value
$7,330,000
Warehouses
31970 Old Hwy 34 Tangent, OR 97389-9719
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-0944579
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
55,725 SF
Lot
5.98 ac (260,489 SF)
APN
12S 04W 01 00606
UPID
US71-0944579
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
-
Papé Machinery Agriculture & Turf Agricultural Supply
-
Johndeere Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.33M
Blend (final)
Blend
$7.33M
Owner & transaction history
Owner Name Unavailable · 19 yrs held
Owner Name Unavailable
since 2007
7 recorded transactions
Zoning & alternative use
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 Tangent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tangent 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
$7,150,000
Current use
COMMERCIAL (GENERAL)
$7,040,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±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
$132 / 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
$48,594
Tax year 2023
Assessed value
$3,308,870
Assessed 2023
Previous assessed
$3,212,500
+3.0% YoY
Effective rate
1.47%
On assessed value
Land market value
$939,490
Improvement market value
$3,458,160
Total market value
$4,397,650
Applied tax rate
811.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
55,725 SF
Lot
5.98 ac (260,489 SF)
APN
12S 04W 01 00606
UPID
US71-0944579
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1998
Heating
NONE
Stories
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
PO BOX 648, ALBANY, OR 97321-0212
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2017
—
Jim & Phyllis Richards Family LLC
—
Deed
related
$2,372,258 · Willamette Community Bank
Aug 26, 2010
—
Jim & Phyllis Richards Fam LLC
—
Deed Of Trust
related
$10,000,000 · Farm Credit Service
Apr 14, 2010
—
Jim & Phyllis Richards Fam LLC
—
Grant Deed
related
$1,000,000 · Farm Credit Service
Jun 1, 2007
$2,025,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$2,400,000 · Farm Credit Service
Apr 3, 2002
—
Oregon State Transportation De
Richards Trust
Grant Deed
related
—
Feb 17, 1998
—
J & P Richards Family LP
—
Deed Of Trust
related
$1,700,000 · Northwest Farm Credit Svcs
—
—
J & P Richards Family LP
—
Deed Of Trust
related
$320,000 · Northwest Farm Credit Svcs
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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