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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Apartment buildings
1361 Holman Ave 1, Dallas, OR 97338-2662
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0396055
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Total area
5,818 SF
Lot
0.55 ac (23,958 SF)
Zoning code
RHD
APN
07533-DB-04900
UPID
US71-0396055
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
$960k
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$905k
Owner & transaction history
Zendo Properties LLC · 5 yrs held
Zendo Properties LLC
since 2020
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
RHD · Dallas, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+31.0%
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
$965,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
OFFICE BUILDING
$1,185,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$770,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $825k (Aug 4 2020)
Last sale anchor
$825k
Aug 4 2020
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
$156 / SF
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
$5,105
Tax year 2023
Assessed value
$365,390
Assessed 2023
Previous assessed
$354,750
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$76,820
Assessed improvement
$288,570
Land market value
$223,980
Improvement market value
$778,760
Total market value
$1,002,740
Applied tax rate
201.0000
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
Year built
1950
Heating
NONE
Buildings
7
Total area
5,818 SF
Lot
0.55 ac (23,958 SF)
Zoning code
RHD
APN
07533-DB-04900
UPID
US71-0396055
Jurisdiction
POLK
Zoning & alternative use
RHD · Dallas, OR
Zoning RHD · permitted uses
RHD · Dallas, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$905,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Buildings
7
Lot
0.55 ac
Current owner
From public records · entity-resolved
Zendo Properties LLC
Entity
Mailing address
1156 GLAZEMEADOW ST NE, KEIZER, OR 97303-7813
Ownership since
2020
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
Aug 4, 2020
$825,000
Zendo Properties LLC
Holman Dallas Aptsw LLC
Warranty Deed
$618,750 · Rivermark Community Cu
Jul 30, 2018
$688,000
Holman Dallas Apts LLC
Evergreen Coast Properties LLC
Special Warranty Deed
$617,950 · Pioneer Trust Bank NA
Jul 24, 2014
$300,000
Evergreen Coast Properties LLC
Bank Of The Cascades
Special Warranty Deed
$225,000 · Us Bank NA
Apr 15, 2014
$253,872
Home Fedl Bk
Parks Andrew P
Trustees Deed
related
—
Jan 24, 2008
—
Inamarie A French
French,adam C
Quit Claim Deed
—
Oct 29, 2004
$375,000
Adam C French
Cline Trust
Warranty Deed
$245,000 · Community First Bank
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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