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Property profile & analytics
OFF-MARKET
Industrial land
5974 Jean Rd Lake Oswego, OR 97035-5306
Entity Owned
11-yr Hold
Free & Clear
Property ID
US71-0874067
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1969
Lot
1.75 ac (76,380 SF)
Zoning code
IP
APN
21E18CA03800
UPID
US71-0874067
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
11th Hour LLC · 11 yrs held
11th Hour LLC
since 2015
3 recorded transactions
Zoning & alternative use
IP · Lake Oswego, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Park Zone (IP). To provide lands where primarily light industrial and employment uses can occur in a campus-like setting under controls to make activities mutually compatible and also compatible with existing uses bordering the zone. k.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
128.00 ac
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 Lake Oswego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Oswego 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
$8,281
Tax year 2023
Assessed value
$430,221
Assessed 2023
Previous assessed
$417,691
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$1,251,720
Total market value
$1,251,720
Applied tax rate
7.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1969
Heating
NONE
Lot
1.75 ac (76,380 SF)
Zoning code
IP
APN
21E18CA03800
UPID
US71-0874067
Jurisdiction
CLACKAMAS
Zoning & alternative use
IP · Lake Oswego, ORZoning IP · permitted uses
IP · Lake Oswego, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Park Zone (IP). To provide lands where primarily light industrial and employment uses can occur in a campus-like setting under controls to make activities mutually compatible and also compatible with existing uses bordering the zone. k.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
128.00 ac
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
1.75 ac
Current owner
From public records · entity-resolved
11th Hour LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 230819, TIGARD, OR 97281-0819
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2015
$2,350,000
11th Hour LLC
Pacific-jean Road Land Co Ll
Grant Deed
—
Nov 12, 2014
$2,350,000
11th Hour LLC
Pacific-jean Road Land Co Ll
Warranty Deed
—
Jun 1, 2010
$1,500,000
Pacific-jean Road Land Co LLC
Owner Name Unavailable
Grant Deed
related
$900,000 · Key Bank & Trust
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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