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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Office buildings
669 Glatt Cir, Woodburn, OR 97071-9600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0423572
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
4,891 SF
Lot
2.08 ac (90,605 SF)
Zoning code
CO
APN
051W07AC03500
UPID
US71-0423572
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
$1.79M
Blend (final)
Blend
$1.80M
Owner & transaction history
Aljw LLC · 2 yrs held
Aljw LLC
since 2023
7 recorded transactions
Zoning & alternative use
CO · Woodburn, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+30.6%
Medical building
$1.6M
+17.6%
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 Woodburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodburn 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
$1,335,000
Current use
AUTO REPAIR, GARAGE
$1,745,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$1,570,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$367 / 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
$29,107
Tax year 2023
Assessed value
$1,471,020
Assessed 2023
Previous assessed
$1,101,440
+33.6% YoY
Effective rate
1.98%
On assessed value
Land market value
$746,250
Improvement market value
$1,329,990
Total market value
$2,076,240
Applied tax rate
3,030.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
2
Stories
1
Total area
4,891 SF
Lot
2.08 ac (90,605 SF)
Zoning code
CO
APN
051W07AC03500
UPID
US71-0423572
Jurisdiction
MARION
Zoning & alternative use
CO · Woodburn, OR
Zoning CO · permitted uses
CO · Woodburn, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
Buildings
2
Lot
2.08 ac
Current owner
From public records · entity-resolved
Aljw LLC
Entity
Mailing address
PO BOX 994, WOODBURN, OR 97071-0994
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
$407,849
Aljw LLC
First Presbyterian Church Of Woodbu
Warranty Deed
—
Jul 24, 2019
—
Withers,terence C Trust
Withers,terence C
Quit Claim Deed
related
—
Feb 10, 2017
—
Terence C Withers
—
Deed
related
$750,000 · Columbia St Bk
Aug 28, 1997
—
Terence C Withers
Woodburn Construction Co
Grant Deed
$415,000 · First Security Bank
Oct 17, 1994
$48,890
Woodburn Construction Co
B Four T INC
Trustees Deed
$43,375 · Individual
Oct 17, 1994
$40,000
B Four T INC
Whithers Lumber Co
Trustees Deed
—
—
—
Terence C Withers
—
Deed Of Trust
related
$310,000 · West Coast Bank
—
—
Woodburn Construction Co
—
Deed Of Trust
related
$179,000 · First Security Bank Oregon
—
—
Terence C Withers
—
Deed Of Trust
related
$750,000 · Columbia St Bk
—
—
Terence C Withers
—
Deed Of Trust
related
$600,000 · West Coast Bank
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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