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    Property profile & analytics

    118 3rd St Mcminnville, OR 97128-4902

    • Commercial land
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 06, 2020
    Location Intelligence
    Property ID
    US71-1448671
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • First Federal / Bank / Atm

    Property Details for 118 3rd St

    Lot size
    0.08 lot acres
    Zone code
    C3
    Property type
    Commercial land
    APN
    R4420AD 08701
    APU
    R4420AD08701

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mcminnville
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.199
    Latitude
    45.2096
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $858
    $0.00
    $0.00
    $50,774
    -
    $97,497
    $0.00
    $97,497

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      118 3rd St

      VACANT COMMERCIAL LAND • 0.14 Acres
      118 3rd St, Mcminnville, OR 97128-4902
      View Details
    • Value Estimation by Request
      0.11 Acres

      1004 Irvine St

      VACANT COMMERCIAL LAND • 0.11 Acres
      1004 Irvine St, Mcminnville, OR 97128-3810
      View Details
    • Value Estimation by Request
      1.00 Acre

      8515 Lone Oak N Rd

      VACANT COMMERCIAL LAND • 1.00 Acre
      8515 Lone Oak N Rd, Mcminnville, OR 97128-8250
      View Details
    • Value Estimation by Request
      0.11 Acres

      Mcminnville, OR 97128

      VACANT COMMERCIAL LAND • 0.11 Acres
      Mcminnville, OR 97128
      View Details
    • Value Estimation by Request
      0.27 Acres

      Mcminnville, OR 97128

      VACANT COMMERCIAL LAND • 0.27 Acres
      Mcminnville, OR 97128
      View Details
    • Value Estimation by Request
      0.13 Acres

      208 Johnson St

      VACANT COMMERCIAL LAND • 689 SF
      208 Johnson St, Mcminnville, OR 97128-4426
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      McMinnville Retail Space For Lease

      Prime McMinnville location, single-tenant retail space.
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      2,500 SF

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      Retail space in the heart of Historical Downtown McMinnville.
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      1296 sq ft office suite in industrial park.
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      McMinnville Office Space Available

      Office space available for rent in McMinnville, Oregon.
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    • $28 SF/Yr
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      Retail Space Available For Lease

      1,400 SF retail space for lease at $28/SF/NNN.
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    • Contact for pricing
      17,272 SF

      McMinnville Retail Space For Lease

      Single tenant building with drive-through in high-traffic McMinnville location.
      448 Highway 99W NE, McMinnville, OR 97128
      View Details
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    Mcminnville, OR 97128-4902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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