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Property profile & analytics
OFF-MARKET
Office Spaces
211 Hbr St 50 Florence, OR 97439-8646
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-1306878
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Zoning code
OTDB- OLD TOWN DIST/AREA
APN
18-12-35-22-80050-000
UPID
US71-1306878
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
-
Albatross Records (Bike/Boat/Book/etc) Store
-
North Bay Condominiums Net Condominium Complex
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
Albatross Records LLC · 3 yrs held
Albatross Records LLC
since 2022
7 recorded transactions
Zoning & alternative use
OTDB- OLD TOWN DIST/AREA · Florence, 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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$3,234
Tax year 2023
Assessed value
$236,647
Assessed 2023
Previous assessed
$229,755
+3.0% YoY
Effective rate
1.37%
On assessed value
Improvement market value
$308,542
Total market value
$308,542
Applied tax rate
9,709.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Zoning code
OTDB- OLD TOWN DIST/AREA
APN
18-12-35-22-80050-000
UPID
US71-1306878
Jurisdiction
LANE
Zoning & alternative use
OTDB- OLD TOWN DIST/AREA · Florence, OR
Zoning OTDB- OLD TOWN DIST/AREA · permitted uses
OTDB- OLD TOWN DIST/AREA · Florence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Albatross Records LLC
Entity
Free & Clear · 3 yrs held
Mailing address
821 ROYALDEL LN, SPRINGFIELD, OR 97477-1597
Ownership since
2022
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
Oct 24, 2022
—
Albatross Records LLC
Peggy T Dangelo
Bargain And Sale Deed
—
Sep 15, 2022
$342,000
Alex D Angelo
Stillman Edinger
Warranty Deed
—
Jun 17, 2020
$75,000
Stillman Edinger
Horn Family LLC
Warranty Deed
—
Jun 22, 2018
$75,000
Horn Family LLC
Horn Family LLC
Warranty Deed
related
$40,000 · Horn Family LLC
Mar 4, 2016
$92,500
Stephen F Horn
Florence Property Inv LLC
Warranty Deed
—
Apr 21, 2014
—
Florence Property Inv LLC
Dvf Investments LLC
Warranty Deed
related
—
Feb 7, 2013
—
Dvf Investments LLC
Vertical Capital LLC
Warranty Deed
related
—
Mar 30, 2011
$2,386,106
Vertical Capital LLC
Tah Ents LLC
Warranty Deed
$2,142,400 · Investment Resources Corporation Investment Resources Corporation
Jul 10, 2009
—
Tah Ents LLC
—
Trustees Deed
related
—
—
—
Tah Ents LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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