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Property profile & analytics
OFF-MARKET
Medical Office Space
115 May Ln, Mcminnville, OR 97128-9272
Individually Owned
23-yr Hold
Property ID
US71-0528525
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1924
Total area
1,160 SF
Lot
1 ac (43,560 SF)
Zoning code
OR
APN
R4422DD 07602
UPID
US71-0528525
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
-
Virginia Garcia Memorial Health Center Medical Clinic
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Dr. Stephen Townsend, MD Physician
-
Dr. Jennifer Mueller Pediatrician Physician
-
Dr. Dawn Mautner Pediatrician Physician
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
Virginia Garcia Memorial Healt · 23 yrs held
Virginia Garcia Memorial Healt
since 2002
4 recorded transactions
Zoning & alternative use
OR · 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
Assessed value
$1,464,577
Assessed 2023
Previous assessed
$1,421,919
+3.0% YoY
Land market value
$510,959
Improvement market value
$3,746,774
Total market value
$4,257,733
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1924
Heating
FORCED AIR
Bathrooms
2
Total area
1,160 SF
Lot
1 ac (43,560 SF)
Zoning code
OR
APN
R4422DD 07602
UPID
US71-0528525
Jurisdiction
YAMHILL
Zoning & alternative use
OR · Mcminnville, OR
Zoning OR · permitted uses
OR · 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
1924
Heating
FORCED AIR
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Virginia Garcia Memorial Healt
Individual
Mailing address
PO BOX 568, CORNELIUS, OR 97113-0568
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2002
$130,000
Virginia Garcia Memorial Healt
Rowley,tr
Grant Deed
—
—
—
Virginia Garcia Mem Health Cen
—
Deed Of Trust
related
$600,000 · City Of Mcminnville
—
—
Virginia Garcia Mem Health Cen
—
Deed Of Trust
related
$1,344,811 · Meyer Memorial Trust (ct)
—
—
Virginia Garcia Mem Health Cen
—
Deed Of Trust
related
$1,500,000 · Ncb Development Corp
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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