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Property profile & analytics
OFF-MARKET Estimated value $7,365,000
Apartment buildings

115 Gun Clb Rd Independence, OR 97351-9532

71,956 SF 6.08 ac lot Built 1996
Individually Owned 33-yr Hold Free & Clear
Property ID
US71-0421055
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1996
Total area 71,956 SF
Lot 6.08 ac (264,845 SF)
Zoning code RM
APN 08420-DC-03600
UPID US71-0421055
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
$7.37M
Owner & transaction history
Howard L Rasmussen · 33 yrs held
Howard L Rasmussen
since 1993
4 recorded transactions
2020
Price N/A
1993
$29,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RM · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

SUBCHAPTER 21: MEDIUM-DENSITY RESIDENTIAL (RM) ZONE 21.005 Purpose The purpose of the Medium-Density Residential (RM) Zone is to define and protect areas suitable for low or medium-density residential uses. Such areas are intended for the development and use of single -family dwellings and medium -density residential structures such as duplexes, row houses,…

Zone name Medium Density Residential
General category RESIDENTIAL
Zone area 270.00 ac
Source CITY OF INDEPENDENCE
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