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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Medical Office Space
693 Glatt Cir, Woodburn, OR 97071-9600
Entity Owned
~
Est. High Equity
Property ID
US71-1021086
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2000
Total area
24,899 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CO
APN
051W07AC03400
UPID
US71-1021086
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
$8.00M
Blend (final)
Blend
$6.00M
Owner & transaction history
Woodburn Mhg LLC
Woodburn Mhg LLC
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CO · Woodburn, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.9M
+11.1%
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
MEDICAL BUILDING
$8,005,000
Current use
AUTO REPAIR, GARAGE
$8,890,000
Change: +11% · Conversion: Difficult
RESTAURANT
$7,570,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$6,810,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $4.00M (Jun 2 2025)
Last sale anchor
$4.00M
Jun 2 2025
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
$241 / 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
$15,866
Tax year 2021
Previous assessed
$821,230
Land market value
$348,590
Improvement market value
$4,730,800
Total market value
$5,079,390
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
24,899 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CO
APN
051W07AC03400
UPID
US71-1021086
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
MEDICAL BUILDING Current
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$8.9M
RESTAURANT
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE 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
2000
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Woodburn Mhg LLC
Entity
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
$4,000,000
Woodburn Mhg LLC
Hta Woodburn Mob LLC
Special Warranty Deed
$3,187,500 · Bank Of America NA
Jan 13, 2015
—
Robbins Benson LLC
—
Trustees Deed
related
$600,000 · Northwest Bk
Sep 26, 2014
$5,389,000
Robbins Benson LLC
Bershengle Ents LLC
Trustees Deed
$3,431,400 · Northwest Bk
Sep 26, 2014
—
Shelby,marvin C Trust
Webstar III LLC
Grant Deed
related
—
Dec 15, 1999
$258,530
Webstar 111 LLC
Woodburn Construction INC
Grant Deed
—
Nov 23, 1999
$87,130
Woodburn Construction Co
Withers Lumber Co
Grant Deed
—
Jun 26, 1996
—
Withers Lumber Co
Andrews,martha
Grant Deed
$236,400 · First Security Bank Oregon
—
—
Webster III LLC
—
Deed Of Trust
related
$3,200,000 · West Coast Bank
—
—
Webstar III LLC
—
Deed Of Trust
related
$3,187,500 · Local Oklahoma Bank NA
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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