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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Shopping centers
4216 Westgate, Pendleton, OR 97801-9652
Entity Owned
Free & Clear
Property ID
US71-0917628
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2004
Total area
9,680 SF
Lot
1 ac (43,560 SF)
Zoning code
M-1
APN
2N3205DC00600
UPID
US71-0917628
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
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
REESE REAL EST INVESTMENT CO
REESE REAL EST INVESTMENT CO
Zoning & alternative use
M-1 · Pendleton, 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 Pendleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendleton 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
OFFICE BUILDING
$1,465,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,005,000
Change: 0% · Conversion: Difficult
RESTAURANT
$950,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$950,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$880,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$775,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$105 / 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
$10,325
Tax year 2023
Assessed value
$555,100
Assessed 2023
Previous assessed
$525,010
+5.7% YoY
Effective rate
1.86%
On assessed value
Assessed land
$98,370
Assessed improvement
$456,730
Land market value
$114,900
Improvement market value
$482,380
Total market value
$597,280
Applied tax rate
1,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2004
Heating
NONE
Total area
9,680 SF
Lot
1 ac (43,560 SF)
Zoning code
M-1
APN
2N3205DC00600
UPID
US71-0917628
Jurisdiction
UMATILLA
Zoning & alternative use
M-1 · Pendleton, OR
Zoning M-1 · permitted uses
M-1 · Pendleton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pendleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$950,000
MEDICAL BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$675,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
REESE REAL EST INVESTMENT CO
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 708490, SANDY, UT 84070-8433
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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