New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Retail space
203 Monmouth St, Independence, OR 97351
Entity Owned
1-yr Hold
Free & Clear
Property ID
US71-0061018
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
56,735 SF
Lot
0.68 ac (29,621 SF)
Zoning code
CR
APN
08428-BA-04900
UPID
US71-0061018
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
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Castle Greyskull LLC · 1 yrs held
Castle Greyskull LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CR · Independence, 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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$1,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.55M (Dec 21 2024)
Last sale anchor
$1.55M
Dec 21 2024
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
$22 / 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
$33,192
Tax year 2023
Assessed value
$1,734,810
Assessed 2023
Previous assessed
$1,684,290
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$126,190
Assessed improvement
$1,608,620
Land market value
$336,680
Improvement market value
$2,288,360
Total market value
$2,625,040
Applied tax rate
1,344.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
NONE
Total area
56,735 SF
Lot
0.68 ac (29,621 SF)
Zoning code
CR
APN
08428-BA-04900
UPID
US71-0061018
Jurisdiction
POLK
Zoning & alternative use
CR · Independence, OR
Zoning CR · permitted uses
CR · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Lot
0.68 ac
Current owner
From public records · entity-resolved
Castle Greyskull LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 38, INDEPENDENCE, OR 97351-0038
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$1,550,000
Castle Greyskull LLC
Crossfire Enterprizes LLC
Warranty Deed
—
Mar 17, 2021
—
Station 203 LLC
Independence Station LLC
Quit Claim Deed
$750,000 · Nestler Servicing LLC
Mar 17, 2021
$600,000
Independence Station LLC
Gomacgo LLC
Grant Deed
—
Jan 14, 2020
$1,150,000
Gomacgo LLC
Kirkland Acquisitions LLC
Correction Deed
—
Dec 18, 2019
$1,150,000
Gomacgo LLC
Kirkland Acquisitions LLC
Grant Deed
$918,000 · Gordon & Karin Satrum
Dec 3, 2019
$1,500,000
Kirkland Acquisitions LLC
Monson Miles D|independence Venture LLC
Trustees Deed
—
Aug 1, 2017
$1,200,000
Independence Venture LLC
Pbrelf Independence Station LLC
Special Warranty Deed
related
$1,680,000 · Kirkland Financial LLC
Jun 9, 2017
—
Pbrelf-independence Stn LLC
Pbrelf I LLC
Quit Claim Deed
related
—
May 22, 2017
—
Pbrelf I LLC
Independence Station LLC
Trustees Deed
related
—
Apr 3, 2017
—
Pbrelf I LLC
Independence Station LLC
Deed In Lieu Of Foreclosure
related
—
Aug 5, 2013
—
Independence Station LLC
Granada Trust
Grant Deed
related
—
Aug 25, 2004
$175,000
City Of Independence
Staggs,richard P
Warranty Deed
—
Jun 21, 2004
$175,000
Drec 0418 LLC
City Of Independence
Warranty Deed
—
Jun 24, 1996
—
Richard Staggs
Staggs,ruby J
Quit Claim Deed
related
$25,473 · Seller
Dec 16, 1992
$100,000
Richard P Staggs
Unknown
Grant Deed
—
—
—
Independence Station LLC
—
Deed Of Trust
related
$1,295,000 · Pbrelf I LLC
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 203 Monmouth St?
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.
