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    Property profile & analytics

    1555 Monmouth St Independence, OR 97351-1007

    • Retail space
    • 12,737 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US71-1824287
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • UPS Access Point location / Mailing Service / Shipping Service
    • Town & Country Hardware / Hardware Store / Garden Center

    Property Details for 1555 Monmouth St

    Year built
    1970
    Lot size
    1.25 lot acres
    Property size
    12,737 SF
    Zone code
    CR
    Property type
    Retail space
    APN
    08429-BB-02000
    APU
    08429BB02000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $375,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $320,000
      Mixed-Use
      $380,000
      Hospitality
      $350,000
      Educational
      $355,000
      Residential Income
      $315,000
      Energy
      $350,000
      Income-Based Land
      $305,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.211
    Latitude
    44.8508
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,624
    $120,030
    $278,440
    $398,470
    -
    $438,560
    $628,510
    $1,067,070

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      4590 Independence Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      4590 Independence Hwy, Independence, OR 97351-9679
      View Details
    • Value Estimation by Request
      3,404 SF

      184 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,404 SF
      184 Main St, Independence, OR 97351-2005
      View Details
    • Value Estimation
      $355,000
      10,992 SF

      226 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,992 SF
      226 Main St, Independence, OR 97351-2070
      View Details
    • Value Estimation
      $315,000
      6,575 SF

      281 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 6,575 SF
      281 2nd St, Independence, OR 97351-2032
      View Details
    • Value Estimation
      $400,000
      5,206 SF

      240 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,206 SF
      240 Main St, Independence, OR 97351-2006
      View Details
    • Value Estimation by Request
      41,064 SF

      75 C St Ste, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 41,064 SF
      75 C St Ste, Independence, OR 97351-2063
      View Details

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    1555 Monmouth St
    Independence, OR 97351-1007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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