New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Manufacturing properties
1974 Colvin Ct Mcminnville, OR 97128-8404
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-1216871
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Lot
1.38 ac (60,113 SF)
Zoning code
M2
APN
R4415 03300
UPID
US71-1216871
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
-
Dundee Fruit Co Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Mcminnville 2023 Lllc · 3 yrs held
Mcminnville 2023 Lllc
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
M2 · Mcminnville, 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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$1,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Feb 15 2023)
Last sale anchor
$1.80M
Feb 15 2023
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
—
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
$11,262
Tax year 2023
Assessed value
$666,303
Assessed 2023
Previous assessed
$646,896
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$280,300
Improvement market value
$1,311,471
Total market value
$1,591,771
Applied tax rate
40.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Heating
NONE
Lot
1.38 ac (60,113 SF)
Zoning code
M2
APN
R4415 03300
UPID
US71-1216871
Jurisdiction
YAMHILL
Zoning & alternative use
M2 · Mcminnville, OR
Zoning M2 · permitted uses
M2 · Mcminnville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcminnville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.38 ac
Current owner
From public records · entity-resolved
Mcminnville 2023 Lllc
Individual
Mailing address
PO BOX 190, CARLTON, OR 97111-0190
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
$1,800,000
Mcminnville 2023 Lllc
Elsinore Investments LLC
Warranty Deed
—
Jun 1, 2018
$1,550,000
Elsinore Investments LLC
Sadler,richard L & Lynne W
Warranty Deed
—
Oct 26, 2017
—
Richard L Sadler
—
Deed
related
$125,000 · Citizens Bk
Apr 21, 2017
—
Richard L Sadler
—
Deed
related
$80,000 · Citizens Bk
Aug 1, 2011
—
Sadler,richard L & Lynne W
—
Trustees Deed
related
$250,000 · Citizens Fed'l Bk
Dec 24, 1996
$76,000
Richard L Sadler
1regon Lithoprint INC
Grant Deed
—
—
—
Richard L Sadler
—
Loan Modification
related
$364,000 · Citizens Bk
—
—
Richard L Sadler
—
Deed Of Trust
related
$130,000 · Citizens Federal Bank Fsb
—
—
Richard L Sadler
—
Loan Modification
related
$80,000 · Citizens Bk
—
—
Richard L Sadler
—
Loan Modification
related
$125,000 · Citizens 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1974 Colvin Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
