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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
154 Main St, Independence, OR 97351-2005
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1869222
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
5,010 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CR
APN
08428-BA-01200
UPID
US71-1869222
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
-
Indy Commons Coworking & Hybrid Office
-
Jeff Witt Insurance, LLC representing American National Insurance Insurance Agency
-
Max's Booch Food Processing Plant Factory
-
Eat Crow Supper Club Restaurant
-
explosives northwest Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$630k
Owner & transaction history
Enjoy Your Independence LLC · 18 yrs held
Enjoy Your Independence LLC
since 2007
6 recorded transactions
Zoning & alternative use
CR · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+54.1%
Apartment house (5+ units)
$780,000
+17.6%
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
RETAIL STORES
$660,000
Current use
OFFICE BUILDING
$1,020,000
Change: +54% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$126 / 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
$5,448
Tax year 2023
Assessed value
$284,720
Assessed 2023
Previous assessed
$276,432
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$119,520
Assessed improvement
$165,200
Land market value
$182,850
Improvement market value
$276,010
Total market value
$458,860
Applied tax rate
1,344.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
3
Total area
5,010 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CR
APN
08428-BA-01200
UPID
US71-1869222
Jurisdiction
POLK
Zoning & alternative use
CR · Independence, OR
Zoning CR · permitted uses
CR · 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
RETAIL STORES Current
Est. value
$660,000
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1900
Heating
NONE
Buildings
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Enjoy Your Independence LLC
Entity
Mailing address
11204 WHISPERING TREE LN, TURNER, OR 97392-9387
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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 20, 2008
—
Enjoy Your Independence LLC
—
Trustees Deed
related
$50,000 · Willamette Valley Bank
Jan 31, 2008
—
Enjoy Your Independence LLC
—
Trustees Deed
related
$350,000 · Willamette Valley Bank
Aug 30, 2007
$303,610
Enjoy Your Independence LLC
Three Stories LLC
Warranty Deed
$234,750 · Willamette Valley Bank
Aug 2, 2006
—
Three Stories LLC
Scott,katherine L
Warranty Deed
related
—
Apr 28, 2005
$122,500
Katherine L Scott
Amvets Bicentennial Post 1776
Warranty Deed
—
—
—
Enjoy Your Independence LLC
—
Deed Of Trust
related
$256,525 · Willamette Valley 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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