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Property profile & analytics
OFF-MARKET
Retail space
1184 3rd St Lafayette, OR 97127-9639
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0757307
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.34 ac (14,828 SF)
Zoning code
RC
APN
R4307BA 05901
UPID
US71-0757307
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
-
Renovation Construction Enterprises Inc. Construction Company
-
Get It Painted Inc Painting Service General Contractor
-
Renovaton Construction Ent. Inc Construction Company
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
Leard Business LLC · 4 yrs held
Leard Business LLC
since 2022
Last sale
$400,100
7 recorded transactions
Zoning & alternative use
RC · Lafayette, 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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
$3,927
Tax year 2023
Assessed value
$266,519
Assessed 2023
Previous assessed
$258,756
+3.0% YoY
Effective rate
1.47%
On assessed value
Land market value
$342,895
Improvement market value
$351,022
Total market value
$693,917
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
0.34 ac (14,828 SF)
Zoning code
RC
APN
R4307BA 05901
UPID
US71-0757307
Jurisdiction
YAMHILL
Zoning & alternative use
RC · Lafayette, OR
Zoning RC · permitted uses
RC · Lafayette, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Leard Business LLC
Entity
Mailing address
NEWBERG, OR 97132
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Leard Business LLC
Janice S Leard
Intrafamily Transfer
related
—
Oct 1, 2018
—
Leard,donald K & Janice S L Trust
Leard,donald K & Janice S
Quit Claim Deed
related
—
Jan 29, 2016
$400,100
Donald K Leard
Morris Ronald Trust
Warranty Deed
—
Apr 14, 2015
—
Morris,ronald Trust
Morris Ronald
Quit Claim Deed
related
—
Dec 20, 2005
$33,458
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Dec 20, 2005
$43,000
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Dec 20, 2005
$58,500
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Dec 20, 2005
$25,584
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Dec 20, 2005
$32,418
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Dec 30, 2004
$45,900
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Dec 30, 2004
$85,900
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Aug 20, 2004
$82,000
Ron Morris
West Valley Exchange Svcs INC
Grant Deed
—
Jun 18, 2004
$52,500
West Valley Exchange Svcs INC
Lingle,donald E
Warranty Deed
—
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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