OFF-MARKET
Warehouses
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Individually Owned Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
2,000 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CR
APN
093E27DB01100
UPID
US71-0511445
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$325k
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$515k
Owner & transaction history
since 2020
Last sale
$437,415
5 recorded transactions
Zoning & alternative use
CR · Gates, OR
Zoning description
Section 16.090. DEVELOPMENT STANDARDS. All developments in the CR Zone shall comply with the following specific standards: GATES ZONING ORDINANCE CHAPTER 16 - C/R ZONE (COMMERCIAL/RESIDENTIAL), 106 (A) Off-Street Parking…
General category
COMMERCIAL
Top alternative use upside
Auto repair, garage
$715,000
+85.7%
Medical building
$645,000
+67.2%
Office building
$545,000
+42.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$515k
Value range
$464k – $567k
±10% around blend
Estimated value / SF
$258 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$464k
blend $515k
$567k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,000 SF
Lot area
0.64 ac
Year built
2018
Stories
1
APN
093E27DB01100
Assessed value
$338,920
Annual tax
$4,686
3
Income approach: direct capitalization
Partial preview
Income approach indication
$325k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$355k
@ 6.5% CAP return
$325k
@ 7% CAP return
$305k
4
Sales comparison
Partial preview
Sales approach indication
$618k
Range $234k – $618k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$515k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 75 sales
$192
+34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $258/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+86%
vs current-use indication
Medical Building
Office Building
Commercial (general)
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.20%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$31k *
Last sale · Feb 2020
$437k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$957k
Move the market yield to see immediate price impact.
Value / SF
$478
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$28k
$1.02M
$861k
$745k
$31k
$1.13M
$957k
$828k
$34k
$1.25M
$1.05M
$910k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,686
Tax year 2023
Assessed value
$338,920
Assessed 2023
Previous assessed
$329,050
+3.0% YoY
Effective rate
1.38%
On assessed value
Land market value
$100,440
Improvement market value
$309,520
Total market value
$409,960
Applied tax rate
56,090.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
3
Stories
1
Total area
2,000 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CR
APN
093E27DB01100
UPID
US71-0511445
Jurisdiction
MARION
Zoning & alternative use
CR · Gates, ORZoning CR · permitted uses
CR · Gates, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Section 16.090. DEVELOPMENT STANDARDS. All developments in the CR Zone shall comply with the following specific standards: GATES ZONING ORDINANCE CHAPTER 16 - C/R ZONE (COMMERCIAL/RESIDENTIAL), 106 (A) Off-Street Parking…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
1
Buildings
3
Lot
0.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CR
COMMERCIAL
Jurisdiction
Gates, OR
Recorded code
CR
Official district
CR
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR in Gates, OR.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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 650 Santiam W Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
