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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Warehouses
395 Shenandoah NE Ln Woodburn, OR 97071-9771
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US71-1842621
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
12,789 SF
Lot
15.38 ac (669,953 SF)
Zoning code
IL
APN
051W05C 01000
UPID
US71-1842621
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
-
Kerr Contractors Construction Company General Contractor
-
Signal Construction Group Electrical Service General Contractor
-
Westcoast Road Recycling LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.95M
Owner & transaction history
Woodburn Indl Cap Group LLC · 21 yrs held
Woodburn Indl Cap Group LLC
since 2005
6 recorded transactions
Zoning & alternative use
IL · Woodburn, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+85.7%
Medical building
$4.1M
+67.2%
Restaurant
$3.9M
+58.2%
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 Woodburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodburn 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
$2,460,000
Current use
AUTO REPAIR, GARAGE
$4,565,000
Change: +86% · Conversion: Easy
MEDICAL BUILDING
$4,110,000
Change: +67% · Conversion: Difficult
RESTAURANT
$3,890,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$3,495,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$2,525,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±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
$309 / 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
$78,784
Tax year 2023
Assessed value
$3,981,600
Assessed 2023
Previous assessed
$3,865,640
+3.0% YoY
Effective rate
1.98%
On assessed value
Land market value
$1,269,890
Improvement market value
$5,360,030
Total market value
$6,629,920
Applied tax rate
3,030.0000
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
1920
Heating
STOVE
Buildings
4
Stories
1
Bathrooms
1
Total area
12,789 SF
Lot
15.38 ac (669,953 SF)
Zoning code
IL
APN
051W05C 01000
UPID
US71-1842621
Jurisdiction
MARION
Zoning & alternative use
IL · Woodburn, OR
Zoning IL · permitted uses
IL · Woodburn, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$2.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
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
1920
Heating
STOVE
Stories
1
Buildings
4
Bathrooms
1
Lot
15.38 ac
Current owner
From public records · entity-resolved
Woodburn Indl Cap Group LLC
Entity
Mailing address
PO BOX 1060, WOODBURN, OR 97071-1060
Ownership since
2005
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
Mar 2, 2020
—
Woodburn Indl Cap Grp LLC
—
Deed
related
—
Feb 3, 2005
$1,800,000
Woodburn Indl Cap Group LLC
Kerr Contractors INC
Warranty Deed
$2,300,000 · Bank Of The West
Mar 11, 1998
—
Demetry Erofeeff
Erofeeff,demetry & Irina
Quit Claim Deed
related
$150,000 · Novastar Mortgage
Oct 21, 1988
$120,000
Demetry Erofeeff
Unknown
Grant Deed
—
—
—
Demetry Erofeeff
—
Deed Of Trust
related
$97,500 · Beneficial Mortgage Co
—
—
Woodburn Indl Cap Grp LLC
—
Deed Of Trust
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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