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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail space
144 Main St Independence, OR 97351-2005
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0535207
Property summary
AI-generated overview
has been meticulously restored and structurally reinforced
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Total area
5,150 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CR
APN
08428-BA-01100
UPID
US71-0535207
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
-
Coho Realty Real Estate Agency
-
Kelsey Bruce Real estate Real Estate Agency
-
Shawn Shukle -Coho Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$755k
Owner & transaction history
Coho Holdings LLC · 6 yrs held
Coho Holdings LLC
since 2020
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
CR · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CITY OF INDEPENDENCE
Top alternative use upside
Office building
$1.1M
+54.1%
Apartment house (5+ units)
$800,000
+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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$750,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
OFFICE BUILDING
$1,050,000
Change: +54% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$800,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $575k (Jan 24 2020)
Last sale anchor
$575k
Jan 24 2020
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
$147 / 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
$7,722
Tax year 2023
Assessed value
$403,580
Assessed 2023
Previous assessed
$391,830
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$108,790
Assessed improvement
$294,790
Land market value
$152,600
Improvement market value
$839,220
Total market value
$991,820
Applied tax rate
1,344.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Heating
NONE
Total area
5,150 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CR
APN
08428-BA-01100
UPID
US71-0535207
Jurisdiction
POLK
Zoning & alternative use
CR · Independence, ORZoning CR · permitted uses
CR · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CITY OF INDEPENDENCE
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$680,000
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$800,000
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1890
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Coho Holdings LLC
Entity
Mailing address
500 LIBERTY ST SE STE #410, SALEM, OR 97301-3910
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Aug 3, 2020
—
Coho Holdings LLC
—
Deed
related
$346,000 · Cascade Cap Fndg
Jan 24, 2020
$575,000
Coho Holdings LLC
Weaver Dan W Living Trust
Warranty Deed
$414,000 · Bank Of The Pacific
Jan 24, 2020
—
Coho Holdings LLC
—
Deed Of Trust
related
$331,200 · Bank Of The Pacific
May 3, 2016
—
Weaver,dan W Living Trust
Weaver,dan W
Quit Claim Deed
related
—
—
—
Coho Holdings LLC
—
Deed Of Trust
related
$346,000 · Cascade Cap Fndg
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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