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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Retail space
1553 Monmouth Independence Hwy Monmouth, OR 97361-1630
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0207481
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
19,208 SF
Lot
3.43 ac (149,411 SF)
Zoning code
CR
APN
08430-A0-03300
UPID
US71-0207481
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
-
Tractor Supply Company Pet Store & Service
-
Tractor trailer supply Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.02M
Owner & transaction history
Starbucks Corporation · 4 yrs held
Starbucks Corporation
since 2021
6 recorded transactions
Zoning & alternative use
CR · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+54.1%
Apartment house (5+ units)
$3.0M
+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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,850,000
6.5%
$3,555,000
7%
$3,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,540,000
Current use
OFFICE BUILDING
$3,915,000
Change: +54% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,985,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±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
$157 / 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
$33,204
Tax year 2023
Assessed value
$1,839,990
Assessed 2023
Previous assessed
$1,786,400
+3.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$115,760
Assessed improvement
$1,724,230
Land market value
$1,462,730
Improvement market value
$2,892,890
Total market value
$4,355,620
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
2020
Heating
BASEBOARD
Stories
1
Rooms
7
Bathrooms
2
Total area
19,208 SF
Lot
3.43 ac (149,411 SF)
Zoning code
CR
APN
08430-A0-03300
UPID
US71-0207481
Jurisdiction
POLK
Zoning & alternative use
CR · Monmouth, OR
Zoning CR · permitted uses
CR · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
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
2020
Heating
BASEBOARD
Stories
1
Rooms
7
Bathrooms
2
Lot
3.43 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Starbucks Corporation
Ach Creek Station LLC
Lease
—
Oct 6, 2020
$6,308,621
Realty Income Prop 16 LLC
Hix Snedeker Dev LLC
Grant Deed
—
Feb 19, 2020
—
Hix Snedeker Dev LLC
—
Deed
related
$4,129,844 · Trustmark Nat'l Bk
Dec 13, 2019
$1,227,000
Hix Snedeker Dev LLC
Joseph R Fox
Warranty Deed
$1,027,000 · Joseph R Fox
Jun 26, 2019
—
State Of Or
Fox,joseph R & Jack R
Grant Deed
related
—
—
—
Hix Snedeker Dev LLC
—
Deed Of Trust
related
$4,129,844 · Trustmark Nat'l Bk
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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