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Property profile & analytics
OFF-MARKET
Office buildings
156 Catron N St Monmouth, OR 97361-2303
Entity Owned
2-yr Hold
Free & Clear
Property ID
US71-0726853
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
2,110 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CRT
APN
08430-BC-00802
UPID
US71-0726853
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
by Request
Owner & transaction history
Bratland Properties LLC · 2 yrs held
Bratland Properties LLC
since 2024
5 recorded transactions
Zoning & alternative use
CRT · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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. (…
Zone name
Commercial Retail Transitional
General category
COMMERCIAL
Zone area
1.36 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
$3,004
Tax year 2023
Assessed value
$164,890
Assessed 2023
Previous assessed
$160,090
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$45,960
Assessed improvement
$118,930
Land market value
$133,800
Improvement market value
$210,390
Total market value
$344,190
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
2
Total area
2,110 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CRT
APN
08430-BC-00802
UPID
US71-0726853
Jurisdiction
POLK
Zoning & alternative use
CRT · Monmouth, ORZoning CRT · permitted uses
CRT · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 Transitional
General category
COMMERCIAL
Zone area
1.36 ac
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bratland Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1541, ROSEBURG, OR 97470-0360
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
Bratland Properties LLC
Michael J Bratland
Warranty Deed
—
May 21, 2020
$280,000
Michael J Bratland
Shurtz & Skins LLC
Warranty Deed
—
Dec 29, 2016
$224,720
Shurtz & Skins LLC
Shurtz,jean M & John D
Grant Deed
$224,720 · Jean M & John D Shurtz
Apr 29, 2008
—
Jean M Shurtz
Jean M Shurtz
Intrafamily Transfer
related
$143,000 · Washington Mutual Bank
May 2, 2002
$180,000
Jean M Shurtz
Sieber,paul P & Lois M
Grant Deed
$153,000 · Pacific Continental 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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