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    Property profile & analytics

    Rainier, OR 97048

    • Warehouses
    • 8,790 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $430,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1502593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    1966
    Lot size
    0.32 lot acres
    Property size
    8,790 SF
    Zone code
    RN:R-3
    Property type
    Warehouses
    APN
    7216-BC-05400
    APU
    7216BC05400

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rainier
    County
    Columbia
    State
    Oregon
    Longitude
    -122.946
    Latitude
    46.0907
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,160
    $67,440
    $47,020
    $114,460
    -
    $105,410
    $79,390
    $184,800

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      74864 Doan Rd

      MINI-WAREHOUSE, STORAGE • 1,296 SF
      74864 Doan Rd, Rainier, OR 97048-3004
      View Details
    • Value Estimation
      $385,000
      11,793 SF

      28710 Dike Rd

      WAREHOUSE, STORAGE • 11,793 SF
      28710 Dike Rd, Rainier, OR 97048-2219
      View Details
    • Value Estimation
      $850,000
      20,372 SF

      75764 Heath Rd

      MINI-WAREHOUSE, STORAGE • 20,372 SF
      75764 Heath Rd, Rainier, OR 97048-2929
      View Details
    • Value Estimation
      $490,000
      1,000 SF

      Rainier, OR 97048

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      Rainier, OR 97048
      View Details
    • Value Estimation
      $435,000
      8,832 SF

      917 B St

      MINI-WAREHOUSE, STORAGE • 8,832 SF
      917 B St, Rainier, OR 97048-2611
      View Details
    • Value Estimation
      $390,000
      9,000 SF

      29098 Dike Rd

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      29098 Dike Rd, Rainier, OR 97048-2221
      View Details

    Similar Nearby for Sale

    • $1,495,000
      18,500 SF

      Industrial Property in Rainier, Oregon

      Industrial property suitable for owner/users in Rainier, Oregon.
      75930 Rock Crest St, Rainier, OR 97048
      View Details
    • $539,000
      1,440 SF

      Private Tree Oasis with Shop

      Updated home with shop on a private, wooded lot.
      70407 Schumacher Rd, Rainier, OR 97048
      View Details
    • Contact for pricing
      21,360 SF

      Columbia River Industrial Land

      88.7 acre industrial site with river and rail access.
      29191 Dike Rd, Rainier, OR 97048
      View Details
    • New
      $30,000
      0.17 Acres

      Buildable Lot in Rainier, Oregon

      Gently sloping, buildable lot with mature trees and flexible build options.
      Maple Dr, Rainier, OR 97048
      View Details
    • $105,900
      1.05 Acres

      Rainier, OR Land Opportunity

      Spacious Rainier, OR parcel with Mt. St. Helens and Columbia River views.
      Fern Hill Rd, Rainier, OR 97048
      View Details
    • $49,900
      0.14 Acres

      Rainier, OR Land For Sale

      Residential land with Columbia River view, ready for development.
      411 E St, Rainier, OR 97048
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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