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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Turn key restaurants
111 Monmouth S Ave Monmouth, OR 97361-2108
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0199371
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
5,490 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CR
APN
08525-AD-03700
UPID
US71-0199371
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Monmouth Holding Co LLC · 17 yrs held
Monmouth Holding Co LLC
since 2008
7 recorded transactions
Zoning & alternative use
CR · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$780,000
+4.5%
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 Monmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monmouth 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$745,000
Current use
OFFICE BUILDING
$780,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$680,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$122 / 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
$18,705
Tax year 2023
Assessed value
$1,026,730
Assessed 2023
Previous assessed
$996,830
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$64,830
Assessed improvement
$961,900
Land market value
$130,800
Improvement market value
$1,650,140
Total market value
$1,780,940
Applied tax rate
1,347.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
11
Total area
5,490 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CR
APN
08525-AD-03700
UPID
US71-0199371
Jurisdiction
POLK
Zoning & alternative use
CR · Monmouth, OR
Zoning CR · permitted uses
CR · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$745,000
OFFICE BUILDING
Est. value
$780,000
MEDICAL BUILDING
Est. value
$680,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
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
1930
Heating
NONE
Buildings
11
Lot
0.19 ac
Current owner
From public records · entity-resolved
Monmouth Holding Co LLC
Entity
Free & Clear · 17 yrs held
Mailing address
20616 NW SAUVIE IS RD, PORTLAND, OR 97231-1318
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
May 11, 2020
—
Monmouth Holding Co LLC
—
Deed
related
$840,000 · Advantis Cu
Oct 20, 2008
—
Monmouth Holding Co LLC
Bemrose,bodie C & Christy
Grant Deed
related
—
Jan 3, 2008
—
Bodie C Bemrose
Monmouth Holding Co LLC
Grant Deed
related
—
Apr 11, 2006
$350,000
Monmouth Holding Co LLC
Crider,joe R
Warranty Deed
$312,500 · Walker Sally R Trust (tr)
Aug 9, 2005
—
Joe R Crider
Everitt,ruth E
Grant Deed
related
—
Jan 31, 2005
—
Walker Sally R Trust
Walker,sally R
Quit Claim Deed
related
—
—
—
Monmouth Holding Co LLC
—
Deed Of Trust
related
$660,000 · Advantis Cu
—
—
Monmouth Holding Co LLC
—
Deed Of Trust
related
$840,000 · Advantis Cu
—
—
Monmouth Holding Co LLC
—
Deed Of Trust
related
$20,000 · Monmouth Urban Renewal Agency
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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