Back to Search
Property profile & analytics
OFF-MARKET
Retail space
129 Frnt St Merrill, OR 97633-3319
Individually Owned
Free & Clear
Property ID
US71-0757896
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
1,640 SF
Lot
0.04 ac (1,742 SF)
Zoning code
C
APN
R-4110-012BB-01400-000
UPID
US71-0757896
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
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
MARK G CONDON
MARK G CONDON
Zoning & alternative use
C · Merrill, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
he zoning map of the city and becomes a part of the chapter. (Ord. 231, passed 2-12-1980) § 155.021 ZONE CLASSIFICATIONS. (A) The city may be divided into the following zones. Zone Designation Old Zone Number Commercial C 2 Industrial I 3 Open Space/Public Facilities Residential R 1 (B) A certified copy of the adopted zoning map and any subsequent amendment…
Zone name
Commercial
General category
COMMERCIAL
Zone area
61.63 ac
Source
CHAPTER 155 ZONING
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 Merrill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merrill 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
$725
Tax year 2023
Assessed value
$57,200
Assessed 2023
Previous assessed
$53,930
+6.1% YoY
Effective rate
1.27%
On assessed value
Land market value
$7,060
Improvement market value
$85,260
Total market value
$92,320
Applied tax rate
228.0000
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
Bathrooms
1
Total area
1,640 SF
Lot
0.04 ac (1,742 SF)
Zoning code
C
APN
R-4110-012BB-01400-000
UPID
US71-0757896
Jurisdiction
KLAMATH
Zoning & alternative use
C · Merrill, ORZoning C · permitted uses
C · Merrill, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
he zoning map of the city and becomes a part of the chapter. (Ord. 231, passed 2-12-1980) § 155.021 ZONE CLASSIFICATIONS. (A) The city may be divided into the following zones. Zone Designation Old Zone Number Commercial C 2 Industrial I 3 Open Space/Public Facilities Residential R 1 (B) A certified copy of the adopted zoning map and any subsequent amendment thereof will be maintained in the office of the City Recorder. (Ord. 231, passed
Zone name
Commercial
General category
COMMERCIAL
Zone area
61.63 ac
Source
CHAPTER 155 ZONING
Building & site characteristics
From public records
Heating
NONE
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
MARK G CONDON
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 117, MERRILL, OR 97633-0117
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 129 Frnt St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
