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Property profile & analytics
OFF-MARKET
Retail space
137 Main E St Monmouth, OR 97361
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-0593154
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
1,996 SF
Lot
0.05 ac (2,178 SF)
Zoning code
CR
APN
08430-BC-05300
UPID
US71-0593154
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
-
Monmouth Laundromat (Bike/Boat/Book/etc) Store
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
Charles R Lubbers · 4 yrs held
Charles R Lubbers
since 2022
3 recorded transactions
Zoning & alternative use
CR · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CR Zone. The purpose of the commercial retail (CR) zone is to define and protect areas suitable for the development of a wide range of retail commercial facilities and services. (4) CRT Zone. The purpose of the commercial retail transitional (CRT) zone is to define areas suitable for the development of a wide range of mixed commercial and/or residential uses…
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
14.29 ac
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 Monmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monmouth 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
$2,792
Tax year 2023
Assessed value
$153,270
Assessed 2023
Previous assessed
$148,810
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$31,990
Assessed improvement
$121,280
Land market value
$40,420
Improvement market value
$153,110
Total market value
$193,530
Applied tax rate
1,347.0000
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
Year built
1989
Heating
NONE
Total area
1,996 SF
Lot
0.05 ac (2,178 SF)
Zoning code
CR
APN
08430-BC-05300
UPID
US71-0593154
Jurisdiction
POLK
Zoning & alternative use
CR · Monmouth, ORZoning CR · permitted uses
CR · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CR Zone. The purpose of the commercial retail (CR) zone is to define and protect areas suitable for the development of a wide range of retail commercial facilities and services. (4) CRT Zone. The purpose of the commercial retail transitional (CRT) zone is to define areas suitable for the development of a wide range of mixed commercial and/or residential uses, facilities, and services. The CRT zone is considered a transitional zone in that uses are expected to gradually evolve from predominantly residential to predominantly commercial. ( Ord. 1408
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
14.29 ac
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Charles R Lubbers
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 5215, SALEM, OR 97304-0215
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
—
Charles R Lubbers
Daniel R Lubbers
Transfer On Death Deed
related
—
Jul 26, 2018
—
Daniel R Lubbers
Lubbers R R & B J Trust
Quit Claim Deed
related
—
Aug 9, 1988
$100,000
Wesley L Roberts
Unknown
Grant 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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