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Property profile & analytics
OFF-MARKET
Commercial land
1018 3rd St, Mcminnville, OR 97128-4403
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0043915
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1880
Total area
1,292 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C3
APN
R4421BD 05600
UPID
US71-0043915
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
-
Barlow Insurance, LLC Insurance Agency
-
Barlow Insurance Insurance Agency
-
Edward Jones - Financial Advisor: Katina Mayrose, CFP® Financial Advisor
-
Style & Form Website Design Marketing & Advertising (Bike/Boat/Book/etc) Store
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
3rd Street Properties LLC · 20 yrs held
3rd Street Properties LLC
since 2005
7 recorded transactions
Zoning & alternative use
C3 · Mcminnville, 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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$1,127
Tax year 2023
Assessed value
$66,681
Assessed 2023
Previous assessed
$64,739
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$132,447
Total market value
$132,447
Applied tax rate
40.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1880
Heating
BASEBOARD
Bathrooms
1
Total area
1,292 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C3
APN
R4421BD 05600
UPID
US71-0043915
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Mcminnville, OR
Zoning C3 · permitted uses
C3 · Mcminnville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcminnville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1880
Heating
BASEBOARD
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
3rd Street Properties LLC
Entity
Mailing address
15431 SLEEPY CRK RD, EL CAJON, CA 92021-6033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2017
—
3rd Street Properties LLC
—
Deed
related
$979,000 · First Fed'l S&l Assn/mcminnvil
Sep 15, 2005
$220,000
3rd Street Properties LLC
Snap Real Estate LLC
Warranty Deed
—
Jun 8, 2005
—
Snap Real Estate LLC
Parker,alfred D & Michelle
Grant Deed
related
—
Dec 24, 2002
$160,000
Alfred D Parker
Amerson,pearl Tr
Grant Deed
$155,000 · Pearl Amerson Trustee
Feb 25, 1997
—
Pearl Amerson
Hadfield,clifton E
Grant Deed
related
—
Apr 12, 1994
$55,000
Clifton E Hadfield
Kamph,john F
Grant Deed
$45,000 · Seller
—
—
3rd Street Properties LLC
—
Deed Of Trust
related
$979,000 · First Fed'l S&l Assn/mcminnvil
—
—
3rd Street Properties LLC
—
Deed Of Trust
related
$448,000 · First Federal Savings Bank
Jan 1, 1957
—
Frank E Kamph
Unknown
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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