Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Warehouses
462 Ctr St Sublimity, OR 97385-9701
Individually Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0651351
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
6,000 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C
APN
081W34DC01700
UPID
US71-0651351
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
-
Power RV Service Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.27M
Owner & transaction history
Jeff Koehnke · 31 yrs held
Jeff Koehnke
since 1995
2 recorded transactions
Zoning & alternative use
C · Sublimity, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide areas for the broad range of commercial operations and services required to meet the economic needs of the City of Sublimity.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
60.63 ac
Source
Realmo
Top alternative use upside
Medical building
$1.9M
+67.2%
Restaurant
$1.8M
+58.2%
Office building
$1.6M
+42.2%
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 Sublimity submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sublimity 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
$1,155,000
Current use
MEDICAL BUILDING
$1,930,000
Change: +67% · Conversion: Difficult
RESTAURANT
$1,825,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,640,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,185,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,075,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$211 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,530
Tax year 2021
Assessed value
$380,300
Assessed 2023
Previous assessed
$369,230
+3.0% YoY
Effective rate
1.19%
On assessed value
Land market value
$151,070
Improvement market value
$530,810
Total market value
$681,880
Applied tax rate
29,180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1996
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C
APN
081W34DC01700
UPID
US71-0651351
Jurisdiction
MARION
Zoning & alternative use
C · Sublimity, ORZoning C · permitted uses
C · Sublimity, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide areas for the broad range of commercial operations and services required to meet the economic needs of the City of Sublimity.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
60.63 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
1996
Heating
NONE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Jeff Koehnke
Individual
Free & Clear · 31 yrs held
Mailing address
500 SW SUBLIMITY BLVD, SUBLIMITY, OR 97385-9629
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
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
Jan 12, 1995
$4,000
Jeff Koehnke
Drake,paul E
Grant Deed
—
May 1, 1984
$86,000
Paul E Drake
Unknown
Grant 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 462 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
