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Property profile & analytics
OFF-MARKET
Estimated value
$455,000
Grocery and convenience stores
129 Main St Sheridan, OR 97378-1834
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1888146
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Lot
0.46 ac (19,937 SF)
Zoning code
C
APN
R5635BA 09400
UPID
US71-1888146
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
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$455k
Owner & transaction history
Jaspar INC · 4 yrs held
Jaspar INC
since 2022
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
C · Sheridan, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C District is to provide areas for a broad range of commercial retail, office and service uses to meet the economic needs of the city and its market area.
Zone name
Commercial
General category
COMMERCIAL
Zone area
43.98 ac
Source
Realmo
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 Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan 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
$455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$455k
Range $410k – $501k · ±10% · vs last sale $450k (May 6 2022)
Last sale anchor
$450k
May 6 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
$7,572
Tax year 2023
Assessed value
$590,427
Assessed 2023
Previous assessed
$257,222
+129.5% YoY
Effective rate
1.28%
On assessed value
Land market value
$216,020
Improvement market value
$899,387
Total market value
$1,115,407
Applied tax rate
48.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
NONE
Lot
0.46 ac (19,937 SF)
Zoning code
C
APN
R5635BA 09400
UPID
US71-1888146
Jurisdiction
YAMHILL
Zoning & alternative use
C · Sheridan, ORZoning C · permitted uses
C · Sheridan, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C District is to provide areas for a broad range of commercial retail, office and service uses to meet the economic needs of the city and its market area.
Zone name
Commercial
General category
COMMERCIAL
Zone area
43.98 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Jaspar INC
Entity
Mailing address
8477 VLY WAY SE, TURNER, OR 97392-9631
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$450,000
Jaspar INC
Myung Soon Jeong
Warranty Deed
$426,000 · Soon Myund
Aug 25, 2011
—
Myung S Jeong
Nelson,brian J
Grant Deed
related
—
Apr 1, 2010
—
Jeong Myung S Living Trust
Jeong,myung S
Quit Claim Deed
related
—
Aug 24, 2009
—
Myung S Jeong
Jeong,brian Y
Quit Claim Deed
related
—
Dec 2, 2004
—
Brian Nelson
Glick,windle & Irene J
Grant Deed
related
—
Dec 1, 2004
$260,000
Brian Y Jeong
Nelson,brian
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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