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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Warehouses
401 16th St, Independence, OR 97351-1014
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0744844
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Total area
39,700 SF
Lot
1.75 ac (76,230 SF)
Zoning code
CR
APN
08429-BC-00200
UPID
US71-0744844
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
-
Northwest Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.08M
Owner & transaction history
Nsa Property Holdings LLC · 7 yrs held
Nsa Property Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
CR · Independence, 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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$970,000
Current use
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$27 / 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
$38,455
Tax year 2023
Assessed value
$2,009,860
Assessed 2023
Previous assessed
$1,951,330
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$90,190
Assessed improvement
$1,919,670
Land market value
$306,840
Improvement market value
$4,023,580
Total market value
$4,330,420
Applied tax rate
1,303.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Heating
NONE
Total area
39,700 SF
Lot
1.75 ac (76,230 SF)
Zoning code
CR
APN
08429-BC-00200
UPID
US71-0744844
Jurisdiction
POLK
Zoning & alternative use
CR · Independence, OR
Zoning CR · permitted uses
CR · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$970,000
WAREHOUSE, STORAGE Current
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
2016
Heating
NONE
Lot
1.75 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Mailing address
8400 E PRENTICE AVE, GREENWOOD VILLAGE, CO 80111-2912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 25, 2018
—
Nsa Property Holdings LLC
Nwss-independence LLC
Grant Deed
related
—
May 9, 2017
—
Nwss Independence LLC
—
Deed
related
$2,557,500 · Premier Community Bank
Sep 14, 2016
$300,100
Nwss-independence LLC
16th Street Investment LLC
Warranty Deed
—
Oct 16, 2009
—
16th St Investment LLC
East Edwards Limited Partnership
Bargain And Sale Deed
$185,000 · Osu FCU
Oct 12, 2005
$285,000
Edwards East
Indepth Construction INC
Warranty Deed
$100,000 · Indepth Construction INC
Jun 25, 2004
$590,000
Dave & Vici LLC
Myers,john G
Grant Deed
$446,100 · Wells Fargo Bank
Oct 21, 2002
$250,000
Indepth Construction INC
Myers,john G
Grant Deed
$245,000 · Bank Of Salem
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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