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Property profile & analytics
OFF-MARKET
Estimated value
$4,085,000
Apartment buildings
1379 Ee St, Independence, OR 97351-1017
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0788152
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2000
Total area
39,422 SF
Lot
1.98 ac (86,249 SF)
Zoning code
RH
APN
08429-BD-01300
UPID
US71-0788152
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
$4.09M
Owner & transaction history
Richmond Square Apartments LLC · 5 yrs held
Richmond Square Apartments LLC
since 2021
7 recorded transactions
Zoning & alternative use
RH · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,130,000
Current use
RETAIL STORES
$5,210,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10%
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
$104 / 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
$57,582
Tax year 2023
Assessed value
$3,009,550
Assessed 2023
Previous assessed
$2,921,900
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$195,740
Assessed improvement
$2,813,810
Land market value
$577,940
Improvement market value
$4,937,220
Total market value
$5,515,160
Applied tax rate
1,303.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
42
Total area
39,422 SF
Lot
1.98 ac (86,249 SF)
Zoning code
RH
APN
08429-BD-01300
UPID
US71-0788152
Jurisdiction
POLK
Zoning & alternative use
RH · Independence, OR
Zoning RH · permitted uses
RH · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.1M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS) Current
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
2000
Heating
NONE
Buildings
42
Lot
1.98 ac
Current owner
From public records · entity-resolved
Richmond Square Apartments LLC
Entity
Mailing address
105 S PARKVIEW DRB, NEWBERG, OR 97132-3223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
—
Richmond Square Apartments LLC
Charles R Padot
Grant Deed
related
$6,930,000 · Washington Fed'l Bk
Dec 31, 2015
$6,400,000
Charles R Padot
Brian M Thompson
Warranty Deed
$4,800,000 · Washington Federal
Nov 17, 2005
$5,250,000
Owner Name Unavailable
Ash Creek LLC
Warranty Deed
related
—
Nov 14, 2005
—
Justin D Barton
Ash Creek LLC
Warranty Deed
related
—
Sep 1, 2004
$602,000
Francois Ledan
Wingsong Manor LLC
Warranty Deed
—
May 15, 2003
—
Richmond Park LLC
Barton,justin A
Grant Deed
$2,050,000 · Pacific Northwest Bank
Mar 22, 1994
$94,900
Jens R Larsen
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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