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Property profile & analytics
OFF-MARKET
Warehouses
408 1st St Newberg, OR 97132-2202
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-0770898
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
2.84 ac (123,710 SF)
Zoning code
M2
APN
R3219BD 00300
UPID
US71-0770898
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
-
Reid Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Barley & Vine Tavern Bar & Pub
-
Bunn Bldg. Department Store
-
Daniel Garris Alternative Medicine Practice Spa & Massage Center
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
Bunnpenny LLC
Bunnpenny LLC
since 2025
7 recorded transactions
Zoning & alternative use
M2 · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$14,926
Tax year 2023
Assessed value
$938,753
Assessed 2023
Previous assessed
$938,753
+0.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$983,702
Improvement market value
$1,047,588
Total market value
$2,031,290
Applied tax rate
29.0000
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
Heating
NONE
Lot
2.84 ac (123,710 SF)
Zoning code
M2
APN
R3219BD 00300
UPID
US71-0770898
Jurisdiction
YAMHILL
Zoning & alternative use
M2 · Newberg, OR
Zoning M2 · permitted uses
M2 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.84 ac
Current owner
From public records · entity-resolved
Bunnpenny LLC
Entity
Free & Clear · 0 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
$850,000
Bunnpenny LLC
408 E 1st Or Wco LLC
Warranty Deed
—
Apr 23, 2024
—
Douglas M Hurl
Douglas M Hurl
Intrafamily Transfer
related
—
Dec 8, 2023
—
William J Hurl
Hurl Bros LLC
Bargain And Sale Deed
—
Jul 21, 2021
$750,000
408 E 1st Or Wco LLC
First Street Properties LLC
Warranty Deed
—
Aug 13, 2020
—
First Street Properties LLC
—
Deed
related
$1,340,000 · First Cmnty Cu
Jun 28, 2019
—
First Street Properties LLC
—
Deed
related
$270,000 · First Community Cu
Feb 27, 2008
—
Hurl Bros LLC
Hurl,william J
Quit Claim Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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