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    1034 Davis St McMinnville, OR 97128
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    Property profile & analytics

    1034 Davis St McMinnville, OR 97128

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    • Residential income homes
    Off-Market
    Property ID
    US71-1890532
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rancho chavarin labor contracting llc / Landscaping / General Contractor

    Property Details for 1034 Davis St

    Property type
    Residential income homes

    Description

    This exceptional multifamily property, located at 1034 NE Davis St in McMinnville, Oregon, presents a compelling investment opportunity. The property boasts a desirable location, close to downtown McMinnville and Linfield University, offering easy access to shops, restaurants, and vibrant street life. The main level features three bedrooms and a full bathroom, a spacious living room, a formal dining area, and a kitchen equipped with new appliances. A deck overlooks a sizable yard. Upstairs, a self-contained one-bedroom, one-bathroom apartment with a full kitchen and laundry facilities provides ideal dual living arrangements or generates substantial rental income. A large basement includes two bonus rooms, additional laundry hookups, and ample storage space. Recent improvements include a new roof (installed in 2006) and new laminate flooring and carpeting throughout. The lot size is 3,262 square feet. This property is being offered for sale by owner at $529,000 and represents a rare chance to acquire a well-maintained, high-potential multifamily investment in a thriving Oregon community. The property is zoned for multifamily use. The property is sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McMinnville
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.19539961672
    Latitude
    45.215719450034

    Comparable in this City

    • New
      $1,290,000
      5,350 SF

      Updated Multifamily Property in McMinnville

      Updated multi-unit property near downtown McMinnville with income potential.
      507 NE Davis St, McMinnville, OR 97128
      View Details
    • $439,000
      1,381 SF

      Updated Duplex Near Linfield University

      Updated duplex near Linfield University and Downtown McMinnville.
      813 SE Ford St, McMinnville, OR 97128
      View Details
    • Contact for pricing

      Southwest Terrace 55+ Home

      Cozy 2BR/1BA home in a desirable 55+ community.
      1501 SW Baker #50 St, McMinnville, OR 97128
      View Details
    • New
      $425,000
      0.10 Acres

      McMinnville Investment Opportunity

      Two-unit home near downtown McMinnville with income potential.
      1411 NE Logan St, McMinnville, OR 97128
      View Details
    • $3,500,000
      13,200 SF

      McMinnville Multifamily Investment Opportunity

      Thirteen-unit apartment complex in McMinnville with value-add potential.
      547 SW Fellows St, McMinnville, OR 97128
      View Details

    Similar Nearby for Sale

    • New
      $1,290,000
      5,350 SF

      Updated Multifamily Property in McMinnville

      Updated multi-unit property near downtown McMinnville with income potential.
      507 NE Davis St, McMinnville, OR 97128
      View Details
    • $439,000
      1,381 SF

      Updated Duplex Near Linfield University

      Updated duplex near Linfield University and Downtown McMinnville.
      813 SE Ford St, McMinnville, OR 97128
      View Details
    • Contact for pricing

      Southwest Terrace 55+ Home

      Cozy 2BR/1BA home in a desirable 55+ community.
      1501 SW Baker #50 St, McMinnville, OR 97128
      View Details
    • New
      $425,000
      0.10 Acres

      McMinnville Investment Opportunity

      Two-unit home near downtown McMinnville with income potential.
      1411 NE Logan St, McMinnville, OR 97128
      View Details
    • $3,500,000
      13,200 SF

      McMinnville Multifamily Investment Opportunity

      Thirteen-unit apartment complex in McMinnville with value-add potential.
      547 SW Fellows St, McMinnville, OR 97128
      View Details
    • $425,000
      2.40 Acres

      Land in Wine Country

      Small-acreage lot in McMinnville's Martha's Vineyard Estates.
      NW Berry Creek Rd, McMinnville, OR 97128
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,206 SF

      Retail/Office Space on Highway 99W

      1,206 SF retail/office space with high visibility and parking.
      2533 Or-99 W, McMinnville, OR 97128
      View Details
    • Contact for pricing
      1,402 SF

      Renovated Office Space For Sale

      Recently renovated office space featuring private offices, kitchen, and skylights.
      351 SE Baker St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      1,296 SF

      Modern Office Suite For Lease

      1296 sq ft office suite in industrial park.
      1535 NE Miller St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      2,500 SF

      Downtown McMinnville Retail Space

      Retail space in the heart of Historical Downtown McMinnville.
      415 NE 3Rd St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      8,620 SF

      McMinnville Office Space Available

      Office space available for rent in McMinnville, Oregon.
      375 SE Norton Ln, McMinnville, OR 97128
      View Details
    • Contact for pricing
      225 SF

      McMinnville Office Space for Rent

      Office space with treatment rooms and ample parking available for rent.
      2191 NW 2Nd St, McMinnville, OR 97128
      View Details
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    1034 Davis St
    McMinnville, OR 97128
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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