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Property profile & analytics
FOR SALE
Commercial real estate
69990 Highway 26 E Welches, OR 97067
Individually Owned
10-yr Hold
Free & Clear
Property ID
US71-0721418
For Sale
1 / 2
$750,000
69990 Highway 26 E, Welches, OR 97067
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Lot
0.51 ac (22,006 SF)
Zoning code
RTC
APN
37E04AA02900
UPID
US71-0721418
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
Lowell Smith · 10 yrs held
Lowell Smith
since 2016
5 recorded transactions
Zoning & alternative use
RTC · Welches, 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 Welches submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Welches 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
$4,927
Tax year 2023
Assessed value
$348,316
Assessed 2023
Previous assessed
$338,171
+3.0% YoY
Effective rate
1.41%
On assessed value
Land market value
$164,038
Improvement market value
$326,720
Total market value
$490,758
Applied tax rate
46.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1989
Heating
NONE
Lot
0.51 ac (22,006 SF)
Zoning code
RTC
APN
37E04AA02900
UPID
US71-0721418
Jurisdiction
CLACKAMAS
Zoning & alternative use
RTC · Welches, OR
Zoning RTC · permitted uses
RTC · Welches, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Welches. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Lowell Smith
Individual
Free & Clear · 10 yrs held
Mailing address
8060 SW PFAFFLE ST STE #200, TIGARD, OR 97223-8489
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2016
—
Lowell Smith
Trickel Family Living Trust
Grant Deed
—
May 31, 2016
$590,000
Willow Creek Apartments LLC
Lowell Smith
Warranty Deed
$383,000 · Wells Fargo Bank NA
May 19, 1997
—
Hoodland Fire District 74
Welches School Dist 13
Grant Deed
related
—
Jul 18, 1994
$58,400
Hoodland Fire District 74
Denny,linda R
Grant Deed
—
—
—
Lorn L Trickel
—
Deed Of Trust
related
$170,000 · Merchant National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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