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Property profile & analytics
FOR SALE
Commercial real estate
33468 Sodhouse Ln, Princeton, OR 97721
Trust Owned
Free & Clear
Property ID
US71-1124826
For Sale
1 / 52
$715,000
33468 Sodhouse Ln, Princeton, OR 97721
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
2,900 SF
Lot
15.96 ac (695,218 SF)
Zoning code
EFRU-1
APN
27S 30E 00 0 0 00501
UPID
US71-1124826
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
-
The Narrows RV Park Campground & RV Park
-
Jackalope Bar & Grill Bar & Pub Restaurant
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
Grassman Trust
Grassman Trust
since 2025
Last sale
$290,000
2 recorded transactions
Zoning & alternative use
EFRU-1 · Princeton, 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 Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton 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
$6,434
Tax year 2023
Assessed value
$538,155
Assessed 2023
Previous assessed
$506,650
+6.2% YoY
Effective rate
1.20%
On assessed value
Land market value
$248,750
Improvement market value
$345,750
Total market value
$594,500
Applied tax rate
420.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
FLOOR/WALL FURNACE
Bathrooms
6
Total area
2,900 SF
Lot
15.96 ac (695,218 SF)
Zoning code
EFRU-1
APN
27S 30E 00 0 0 00501
UPID
US71-1124826
Jurisdiction
HARNEY
Zoning & alternative use
EFRU-1 · Princeton, OR
Zoning EFRU-1 · permitted uses
EFRU-1 · Princeton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princeton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FLOOR/WALL FURNACE
Bathrooms
6
Lot
15.96 ac
Current owner
From public records · entity-resolved
Grassman Trust
Trust
Free & Clear · 0 yrs held
Mailing address
33468 SODHOUSE LN, PRINCETON, OR 97721-9530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
$290,000
Grassman Trust
Scott Alan Smith
Deed
—
Aug 3, 2020
$450,000
Scott Alan Smith
Ronald George Gainer
Warranty Deed
$370,000 · Ronald George Gainer Etal
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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