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Property profile & analytics
OFF-MARKET
Commercial land
5965 Harmony Rd Milwaukie, OR 97222-2131
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0712381
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1962
Lot
1.2 ac (52,272 SF)
Zoning code
BI
APN
12E31D 01900
UPID
US71-0712381
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
by Request
Owner & transaction history
Ht Properties LLC · 8 yrs held
Ht Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
BI · Milwaukie, 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 Milwaukie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukie 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
$6,549
Tax year 2023
Assessed value
$298,869
Assessed 2023
Previous assessed
$7,147,910
-95.8% YoY
Effective rate
2.19%
On assessed value
Land market value
$520,574
Total market value
$520,574
Applied tax rate
12.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1962
Heating
NONE
Lot
1.2 ac (52,272 SF)
Zoning code
BI
APN
12E31D 01900
UPID
US71-0712381
Jurisdiction
CLACKAMAS
Zoning & alternative use
BI · Milwaukie, OR
Zoning BI · permitted uses
BI · Milwaukie, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Ht Properties LLC
Entity
Mailing address
1962 WALLACE RD NW, SALEM, OR 97304-2121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
—
Ht Investment Properties LLC
—
Deed
related
$1,000,000 · Lblm Investments LLC
Dec 18, 2017
—
Ht Properties LLC
Thygeson,hans
Quit Claim Deed
$6,300,000 · Riverview Community Bank
Nov 27, 2012
—
Ht Properties LLC
Vanriper,james
Quit Claim Deed
related
$300,000 · John & Bobbie Clyde
Jul 2, 2010
—
Ht Properties LLC
—
Trustees Deed
related
$387,000 · Umpqua Bank
Mar 31, 2009
—
Ht Properties LLC
—
Trustees Deed
related
$172,000 · Us Bank Trust Co
Jun 24, 2008
—
Ht Properties LLC
—
Trustees Deed
related
—
Jun 23, 2008
—
Ht Properties LLC
—
Trustees Deed
related
—
May 23, 2007
$750,000
Ht Properties LLC
Webb,samantha
Warranty Deed
$487,500 · Umpqua Bank
—
—
Ht Properties LLC
—
Deed Of Trust
related
—
—
—
Ht Properties LLC
—
Deed Of Trust
related
—
—
—
Ht Properties LLC
—
Loan Modification
related
$300,000 · Clyde Family Trust (pt)
—
—
Samantha J Webb
—
Deed Of Trust
related
$353,275 · Clackamas County Bank
—
—
Ht Properties LLC
—
Loan Modification
related
—
—
—
Ht Properties 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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