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Property profile & analytics
OFF-MARKET
Estimated value
$12,730,000
Warehouses
9570 Tualatin Rd, Tualatin, OR 97062-8499
Entity Owned
34-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0631154
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
52,500 SF
Lot
10.66 ac (464,350 SF)
Zoning code
MG
APN
2S123BD-00800
UPID
US71-0631154
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
Current use
Occupant on record · Public records
-
Oregon Police Department Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$12.73M
Owner & transaction history
Delta Acquisition Corp · 34 yrs held
Delta Acquisition Corp
since 1992
4 recorded transactions
Zoning & alternative use
MG · Tualatin, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.7M
+82.9%
Restaurant
$15.9M
+73.7%
Commercial (general)
$14.6M
+59.0%
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 Tualatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tualatin 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
WAREHOUSE, STORAGE
$9,150,000
Current use
MEDICAL BUILDING
$16,740,000
Change: +83% · Conversion: Difficult
RESTAURANT
$15,895,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,550,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$11,745,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$11,665,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,525,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$12.73M
Range $11.46M – $14.00M · ±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
$242 / 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
$165,679
Tax year 2023
Assessed value
$9,428,700
Assessed 2023
Previous assessed
$9,154,080
+3.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$4,195,530
Improvement market value
$10,372,840
Total market value
$14,568,370
Applied tax rate
23.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Buildings
3
Total area
52,500 SF
Lot
10.66 ac (464,350 SF)
Zoning code
MG
APN
2S123BD-00800
UPID
US71-0631154
Jurisdiction
WASHINGTON
Zoning & alternative use
MG · Tualatin, OR
Zoning MG · permitted uses
MG · Tualatin, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tualatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$16.7M
RESTAURANT
Est. value
$15.9M
COMMERCIAL (GENERAL)
Est. value
$14.6M
RETAIL STORES
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
Heating
NONE
Buildings
3
Lot
10.66 ac
Current owner
From public records · entity-resolved
Delta Acquisition Corp
Entity
Free & Clear · 34 yrs held
Mailing address
809 N RUSSELL ST #201, PORTLAND, OR 97227-1731
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
—
Merlo Station LLC
—
Deed
related
$3,250,000 · Miscellaneous Ins Co
Jan 6, 2006
—
Merlo Station LLC
—
Trustees Deed
related
$1,500,000 · National Mortgage Co
Feb 3, 1992
$3,000,000
Delta Acquisition Corp
Unknown
Grant Deed
—
—
—
Merlo Station LLC
—
Deed Of Trust
related
$3,250,000 · Miscellaneous Ins Co
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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