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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office Spaces
117 5th St Ste C1, Mcminnville, OR 97128-4992
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0195277
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Lot
0.63 ac (27,443 SF)
Zoning code
C1
APN
R4420AD 03300
UPID
US71-0195277
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
-
Unidos Bridging Community Charitable Organization Social Service Agency
-
YOOP - McMinnville Location Child Welfare Organization Foster Care Service
-
Crawford Wellness - Brehan R. Crawford, LAC Medical Clinic Alternative Medicine Practice
-
Community Home Care Home Health Care Service
-
Mac Electronics Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Choko Properties LLC · 4 yrs held
Choko Properties LLC
since 2022
Last sale
$623,750
7 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $624k (May 27 2022)
Last sale anchor
$624k
May 27 2022
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
—
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
$7,359
Tax year 2023
Assessed value
$435,381
Assessed 2023
Previous assessed
$422,700
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$211,786
Improvement market value
$391,377
Total market value
$603,163
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
6
Lot
0.63 ac (27,443 SF)
Zoning code
C1
APN
R4420AD 03300
UPID
US71-0195277
Jurisdiction
YAMHILL
Zoning & alternative use
C1 · Mcminnville, OR
Zoning C1 · permitted uses
C1 · 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
Heating
NONE
Buildings
6
Lot
0.63 ac
Current owner
From public records · entity-resolved
Choko Properties LLC
Entity
Mailing address
19191 SW PEAVINE RD, MCMINNVILLE, OR 97128-8327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$623,750
Choko Properties LLC
Metallic Investment LLC
Warranty Deed
—
Jan 4, 2018
—
Metallic Investment LLC
Die Not LLC
Grant Deed
—
Dec 30, 2016
$769,500
Schoko Properties LLC
5th Street Eagle Building LLC
Warranty Deed
—
Jul 20, 2016
—
David P Leavitt
—
Deed
related
—
Dec 15, 2009
—
5th Street-eagle Building LLC
Leavitt,david P & Linda J
Warranty Deed
—
May 21, 2007
$975,000
David P Leavitt
Harmon,sherry
Warranty Deed
—
Oct 2, 2002
$620,000
Clark Harmon
Duna LLC
Grant Deed
—
Jan 31, 2000
—
Duna LLC
Szalvay,laszlo & Iren
Grant Deed
$413,000 · California Federal Bank
—
—
David P Leavitt
—
Loan Modification
related
$757,481 · Us Bk
—
—
David P Leavitt
—
Loan Modification
related
—
—
—
David P Leavitt
—
Deed Of Trust
related
—
—
—
Leavitt,david P & Linda J
—
Loan Modification
related
—
—
—
David P Leavitt
—
Loan Modification
related
—
—
—
David P Leavitt
—
Deed Of Trust
related
—
—
—
David P Leavitt
—
Loan Modification
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.
Try Rey
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