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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Specialty properties
1562 3rd St Corvallis, OR 97333-1240
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0009952
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2007
Total area
11,391 SF
Lot
0.87 ac (37,897 SF)
Zoning code
MUE,CMU-2
APN
12502CC01400
UPID
US71-0009952
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
-
Willamette Veterinary Clinic: Cox Kristina DVM Veterinary Clinic
-
Barrington Jennifer DVM Veterinary Clinic
-
Veterinary Acupuncture Veterinary Clinic
-
Willamette Veterinary Hospital Veterinary Clinic
-
Tessa Maggiulli Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Merriam Park Lc · 4 yrs held
Merriam Park Lc
since 2021
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
MUE,CMU-2 · Corvallis, 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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$4,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (Dec 15 2021)
Last sale anchor
$3.75M
Dec 15 2021
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
$329 / 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
$45,105
Tax year 2023
Assessed value
$2,348,378
Assessed 2023
Previous assessed
$2,279,979
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$701,095
Improvement market value
$3,838,018
Total market value
$4,539,113
Applied tax rate
966.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
11,391 SF
Lot
0.87 ac (37,897 SF)
Zoning code
MUE,CMU-2
APN
12502CC01400
UPID
US71-0009952
Jurisdiction
BENTON
Zoning & alternative use
MUE,CMU-2 · Corvallis, OR
Zoning MUE,CMU-2 · permitted uses
MUE,CMU-2 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corvallis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Merriam Park Lc
Individual
Mailing address
5305 NW WINTERCREEK DR, CORVALLIS, OR 97330-9149
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
Dec 15, 2021
$3,750,000
Merriam Park Lc
1562 Propertues LLC
Warranty Deed
—
Jun 26, 2007
—
1562 Properties LLC
—
Deed Of Trust
related
$2,900,000 · Citizens Federal Bank Fsb
Aug 23, 2006
$469,000
1562 Properties LLC
Callahan,stephen F
Warranty Deed
—
Jun 23, 2006
$440,000
Kristina F Cox
Patel,arun & Daxa
Warranty Deed
$560,000 · Citizens Federal Bank Fsb
Sep 17, 1998
$195,000
Raman J Patel
Zuidema,david & Jane L
Grant Deed
—
—
—
Arun Patel
—
Deed Of Trust
related
$13,000 · Us Small Business Admn
—
—
Arun Patel
—
Deed Of Trust
related
$60,400 · Us Small Business Admn
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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