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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
209 Brg St Sheridan, OR 97378-1807
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0585695
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.07 ac (2,910 SF)
Zoning code
C
APN
R5635BD 01500
UPID
US71-0585695
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
-
Benny Huie's Restaurant Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Man Ling Li · 3 yrs held
Man Ling Li
since 2023
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
C · Sheridan, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C District is to provide areas for a broad range of commercial retail, office and service uses to meet the economic needs of the city and its market area.
Zone name
Commercial
General category
COMMERCIAL
Zone area
43.98 ac
Source
Realmo
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 Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan 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
$580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $700k (Mar 1 2023)
Last sale anchor
$700k
Mar 1 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
$1,177
Tax year 2023
Assessed value
$91,804
Assessed 2023
Previous assessed
$89,130
+3.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$108,364
Improvement market value
$179,050
Total market value
$287,414
Applied tax rate
48.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
0.07 ac (2,910 SF)
Zoning code
C
APN
R5635BD 01500
UPID
US71-0585695
Jurisdiction
YAMHILL
Zoning & alternative use
C · Sheridan, ORZoning C · permitted uses
C · Sheridan, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C District is to provide areas for a broad range of commercial retail, office and service uses to meet the economic needs of the city and its market area.
Zone name
Commercial
General category
COMMERCIAL
Zone area
43.98 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Man Ling Li
Individual
Mailing address
209 S BRG ST, SHERIDAN, OR 97378-1807
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$700,000
Man Ling Li
Newman Hule
Warranty Deed
$400,000 · Heritage Southeast Bank
Mar 7, 2017
—
Benny Bing Non Huie IV
—
Deed
related
$71,400 · Us Bank NA
—
—
Rylou Properties INC
—
Deed Of Trust
related
$130,000 · Citizens Federal Bank Fsb
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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