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Property profile & analytics
OFF-MARKET
Office Spaces
112 Garfield St, Newberg, OR 97132-2744
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0777139
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1912
Total area
2,952 SF
Lot
0.13 ac (5,458 SF)
Zoning code
C3
APN
R3219AB 06200
UPID
US71-0777139
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
-
Chehalem Valley Chamber of Commerce Business Service Center Advocacy Group
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
Hancock Commons LLC · 8 yrs held
Hancock Commons LLC
since 2018
7 recorded transactions
Zoning & alternative use
C3 · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$11,914
Tax year 2023
Assessed value
$749,315
Assessed 2023
Previous assessed
$727,490
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$198,978
Improvement market value
$1,183,556
Total market value
$1,382,534
Applied tax rate
29.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,952 SF
Lot
0.13 ac (5,458 SF)
Zoning code
C3
APN
R3219AB 06200
UPID
US71-0777139
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Newberg, OR
Zoning C3 · permitted uses
C3 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Hancock Commons LLC
Entity
Mailing address
NEWBERG, OR 97132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 13, 2020
—
Hancock Commons LLC
—
Deed
related
$1,340,000 · First Community Cu
Jun 28, 2019
—
Hancock Commons LLC
—
Deed
related
$1,325,000 · First Community Cu
Feb 2, 2018
$220,100
Hancock Commons LLC
Cpe LLC
Warranty Deed
$220,393 · Cohen & Cohen LLC
Apr 4, 2017
$260,000
Cpe LLC
Sassi,adriana G
Warranty Deed
$63,165 · Adriana G Sassi
Oct 2, 2014
$150,000
Adriana G Sassi
Cohen & Cohen
Grant Deed
$135,000 · Cohen Cohen LLC
Apr 14, 2000
$6,590
Department Of Transportation
Cohen & Cohen LLC
Grant Deed
—
May 7, 1998
$100,000
Cohen & Cohen LLC
James,florence R
Grant Deed
$65,000 · Seller
Jan 1, 1957
—
Florence James
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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