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Property profile & analytics
OFF-MARKET
Estimated value
$11,580,000
Warehouses
3302 Marine Dr 3324, Troutdale, OR 97060-9579
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0856804
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
29,808 SF
Lot
13.62 ac (593,287 SF)
Zoning code
GI
APN
1N3E22D 01300
UPID
US71-0856804
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
$9.27M
Blend (final)
Blend
$11.58M
Owner & transaction history
Lnr Holding LLC · 2 yrs held
Lnr Holding LLC
since 2023
Last sale
$12.5M
7 recorded transactions
Zoning & alternative use
GI · Troutdale, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.7M
+71.6%
Medical building
$9.0M
+44.9%
Auto repair, garage
$8.8M
+42.2%
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 Troutdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutdale 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
$14,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,660,000
Change: +72% · Conversion: Difficult
MEDICAL BUILDING
$9,005,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,835,000
Change: +42% · Conversion: Easy
RETAIL STORES
$8,815,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,450,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,845,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$11.58M
Range $10.42M – $12.74M · ±10% · vs last sale $12.45M (Nov 3 2023)
Last sale anchor
$12.45M
Nov 3 2023
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
$388 / 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
$90,531
Tax year 2023
Assessed value
$4,503,410
Assessed 2023
Previous assessed
$4,372,250
+3.0% YoY
Effective rate
2.01%
On assessed value
Land market value
$2,068,190
Improvement market value
$7,488,520
Total market value
$9,556,710
Applied tax rate
242.0000
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
2000
Heating
NONE
Buildings
2
Stories
1
Total area
29,808 SF
Lot
13.62 ac (593,287 SF)
Zoning code
GI
APN
1N3E22D 01300
UPID
US71-0856804
Jurisdiction
MULTNOMAH
Zoning & alternative use
GI · Troutdale, OR
Zoning GI · permitted uses
GI · Troutdale, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troutdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
NONE
Stories
1
Buildings
2
Lot
13.62 ac
Current owner
From public records · entity-resolved
Lnr Holding LLC
Entity
Mailing address
23800 NE HOLLADAY ST, WOOD VILLAGE, OR 97060-2904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 3, 2023
$12,450,000
Lnr Holding LLC
Jlps LLC
Special Warranty Deed
$9,950,000 · Jlps LLC
Jun 6, 2017
$110,000
Eastwind Investments LLC
Jlps LLC
Warranty Deed
—
Sep 19, 2012
—
Jlps LLC
—
Deed Of Trust
related
$4,000,000 · Wells Fargo Bank
Jun 11, 2008
$5,160,000
Jlps LLC
Frontier Missions INC
Special Warranty Deed
$2,713,425 · Lehman Brothers Bank Fsb
Sep 27, 2001
—
Frontier Industrial Park LLC
Frontier Mission INC
Quit Claim Deed
related
—
Dec 15, 1999
—
Frontier Missions INC
—
Deed Of Trust
related
$2,735,000 · Intervest-mortgage Investment
—
—
Jlps LLC
—
Loan Modification
related
—
—
—
Frontier Industrail Park LLC
—
Deed Of Trust
related
$305,000 · Hsbc Bank USA
—
—
Jlps LLC
—
Deed Of Trust
related
$2,000,000 · Rural Housing & Community Dev
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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