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Property profile & analytics
OFF-MARKET
Medical Office Space
2115 Mcdonald Ln, Mcminnville, OR 97128-3230
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0212402
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
0.28 ac (12,197 SF)
Zoning code
C3
APN
R4416BD 01500
UPID
US71-0212402
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
-
APOTHIC ENERGY Spiritual Center
-
A Thin Line Studio Tattoo & Piercing Shop
-
Glow By Corteney Hair Salon Nail Salon
-
Eudaimonia Massage and Bodywork LLC Alternative Medicine Practice Spa & Massage Center
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
Jason Lookabill · 2 yrs held
Jason Lookabill
since 2023
Last sale
$440,000
4 recorded transactions
Zoning & alternative use
C3 · 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
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
$7,785
Tax year 2023
Assessed value
$460,561
Assessed 2023
Previous assessed
$447,147
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$227,038
Improvement market value
$352,490
Total market value
$579,528
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.28 ac (12,197 SF)
Zoning code
C3
APN
R4416BD 01500
UPID
US71-0212402
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Mcminnville, OR
Zoning C3 · permitted uses
C3 · 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
0.28 ac
Current owner
From public records · entity-resolved
Jason Lookabill
Individual
Mailing address
820 SW UPLAND DR, DUNDEE, OR 97115-9598
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
$440,000
Jason Lookabill
Ronald A Miller
Warranty Deed
$330,000 · The Miller Family Trust
Dec 31, 2014
—
Miller Family Trust
Miller,ronald A & Donna L
Quit Claim Deed
related
—
Feb 25, 1999
$226,000
Miller,ronald A & Donna L
Shepard,virginia
Trustees Deed
$169,500 · West Coast Bank
Feb 25, 1999
—
Shepard,virginia D
Kenyon,c F & Layra F
Trustees Deed
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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