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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1007 3rd St Corvallis, OR 97333-1248
Individually Owned
~
Est. High Equity
Property ID
US71-0339136
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1962
Total area
10,932 SF
Lot
0.56 ac (24,394 SF)
Zoning code
CMU-2
APN
12502CA00403
UPID
US71-0339136
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
-
First Alternative Natural Foods Co-op South Store Grocery & Convenience Store Food Market
-
UPS Access Point location Courier Service Postal Service
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
First Alternative Cooperative
First Alternative Cooperative
since 2025
7 recorded transactions
Zoning & alternative use
CMU-2 · Corvallis, 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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$13,466
Tax year 2023
Assessed value
$701,114
Assessed 2023
Previous assessed
$680,693
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$451,271
Improvement market value
$720,746
Total market value
$1,172,017
Applied tax rate
966.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Bathrooms
1
Total area
10,932 SF
Lot
0.56 ac (24,394 SF)
Zoning code
CMU-2
APN
12502CA00403
UPID
US71-0339136
Jurisdiction
BENTON
Zoning & alternative use
CMU-2 · Corvallis, OR
Zoning CMU-2 · permitted uses
CMU-2 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corvallis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
First Alternative Cooperative
Individual
Mailing address
1007 SE 3RD ST, CORVALLIS, OR 97333-1248
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
First Alternative Cooperative
First Alternative Cooperative
Deed
related
$1,675,000 · Oregon State Cu
Jul 16, 2001
—
First Alternative Corp
First Alternative Corp
Quit Claim Deed
related
—
—
—
Alternative Cooperative First
—
Deed Of Trust
related
$750,000 · Key Bank NA
—
—
Alternative Cooperative First
—
Deed Of Trust
related
$250,000 · Ncga Dev Cooperative
—
—
Alternative Cooperative First
—
Deed Of Trust
related
$970,875 · Key Bank NA
—
—
Alternative Cooperative First
—
Deed Of Trust
related
$650,000 · Key Bank & Trust
—
—
Alternative Cooperative First
—
Deed Of Trust
related
$500,000 · Key Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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