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Property profile & analytics
OFF-MARKET
Apartment buildings
1200 Meridian St Newberg, OR 97132-1144
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0197316
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
1.26 ac (54,668 SF)
Zoning code
R4
APN
R3218DA 00100
UPID
US71-0197316
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
-
The Oaks Apartments Apartment Building
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
North Meridian LLC · 14 yrs held
North Meridian LLC
since 2012
7 recorded transactions
Zoning & alternative use
R4 · Newberg, OR
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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$20,402
Tax year 2023
Assessed value
$1,283,184
Assessed 2023
Previous assessed
$1,254,980
+2.2% YoY
Effective rate
1.59%
On assessed value
Land market value
$820,213
Improvement market value
$4,271,620
Total market value
$5,091,833
Applied tax rate
29.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
1.26 ac (54,668 SF)
Zoning code
R4
APN
R3218DA 00100
UPID
US71-0197316
Jurisdiction
YAMHILL
Zoning & alternative use
R4 · Newberg, ORZoning R4 · permitted uses
R4 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
OpenGOV_Service (MapServer)
Building & site characteristics
From public records
Heating
NONE
Lot
1.26 ac
Current owner
From public records · entity-resolved
North Meridian LLC
Entity
Mailing address
105 S PARKVIEW DRB, NEWBERG, OR 97132-3223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2017
—
North Meridian LLC
—
Deed
related
$1,512,500 · Jpmorgan Chase Bank NA
Jun 22, 2012
$1,219,000
North Meridian LLC
White Dwarf Investments
Warranty Deed
$903,200 · Washington Federal
Nov 23, 2011
—
Curtis Walkere LLC
Walker,curtis D
Quit Claim Deed
related
—
Aug 12, 2009
$13,750
Milo F Minnis
Allen,mary B
Warranty Deed
—
Oct 1, 2001
$925,000
White Dwarf Investments
Nelson,priscilla M
Grant Deed
—
—
—
Dwarf Investments
—
Deed Of Trust
related
$600,000 · Liberty Bank
—
—
White Dwarf Investments
—
Deed Of Trust
related
$610,000 · Northwest Community Cu
—
—
Backlund Trust
—
Deed Of Trust
related
$550,000 · Colonial Banking Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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