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Property profile & analytics
OFF-MARKET
Estimated value
$7,785,000
Retail space
75 C St Ste 101 Independence, OR 97351-2063
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1627847
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
41,064 SF
Lot
0.47 ac (20,473 SF)
Zoning code
IH
APN
08428-AB-03300
UPID
US71-1627847
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
$7.60M
Comparable Approach
Comparable
$9.79M
Blend (final)
Blend
$7.79M
Owner & transaction history
Osprey Mixed C St LLC · 2 yrs held
Osprey Mixed C St LLC
since 2023
7 recorded transactions
Zoning & alternative use
IH · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.4M
+54.1%
Apartment house (5+ units)
$6.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,235,000
6.5%
$7,600,000
7%
$7,060,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,430,000
Current use
OFFICE BUILDING
$8,365,000
Change: +54% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,385,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$7.79M
Range $7.01M – $8.56M · ±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
$190 / 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
$97,761
Tax year 2023
Assessed value
$5,109,480
Assessed 2023
Previous assessed
$5,109,480
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$161,760
Assessed improvement
$4,947,720
Land market value
$223,670
Improvement market value
$8,955,830
Total market value
$9,179,500
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
NONE
Buildings
41
Total area
41,064 SF
Lot
0.47 ac (20,473 SF)
Zoning code
IH
APN
08428-AB-03300
UPID
US71-1627847
Jurisdiction
POLK
Zoning & alternative use
IH · Independence, OR
Zoning IH · permitted uses
IH · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.4M
OFFICE BUILDING
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
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
2021
Heating
NONE
Buildings
41
Lot
0.47 ac
Current owner
From public records · entity-resolved
Osprey Mixed C St LLC
Entity
Mailing address
1100 E 8TH ST, AUSTIN, TX 78702-3225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
—
Osprey Mixed C St LLC
Riverhawk Vision LLC
Bargain And Sale Deed
—
Oct 25, 2023
$1,103,000
Osprey Mixed C St LLC
Osprey Point Independence LLC
Bargain And Sale Deed
—
Oct 25, 2023
$372,000
Osprey Mixed C St LLC
75 C St LLC
Bargain And Sale Deed
—
Oct 14, 2022
—
Osprey Mixed C St LLC
—
Deed
related
$9,525,000 · Morgan Stanley Private Bank NA
Apr 26, 2021
$200,000
Riverhawk Vision LLC
75 C Street LLC
Grant Deed
—
Oct 30, 2020
—
Osprey Point Independence LLC
—
Deed
related
$6,750,000 · Willamette Vly Bk
Jan 31, 2020
$176,840
Osprey Point Independence LLC
City Of Independence
Grant Deed
—
—
—
Osprey Point Independence LLC
—
Deed Of Trust
related
$6,750,000 · Willamette Vly Bk
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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