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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Strip malls
21850 Hwy 62 Shady Cove, OR 97539-8715
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0620877
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
9,688 SF
Lot
0.88 ac (38,333 SF)
Zoning code
GC
APN
1-0271128
UPID
US71-0620877
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
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$715k
Owner & transaction history
Virgbob Properties LLC · 2 yrs held
Virgbob Properties LLC
since 2024
Last sale
$712,500
7 recorded transactions
Zoning & alternative use
GC · Shady Cove, 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 Shady Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shady Cove 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
$715,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $713k (May 2 2024)
Last sale anchor
$713k
May 2 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
$74 / 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
$11,011
Tax year 2023
Assessed value
$917,440
Assessed 2023
Previous assessed
$917,440
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$130,790
Assessed improvement
$786,650
Land market value
$244,000
Improvement market value
$794,880
Total market value
$1,038,880
Applied tax rate
915.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Units
1
Total area
9,688 SF
Lot
0.88 ac (38,333 SF)
Zoning code
GC
APN
1-0271128
UPID
US71-0620877
Jurisdiction
JACKSON
Zoning & alternative use
GC · Shady Cove, OR
Zoning GC · permitted uses
GC · Shady Cove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shady Cove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Virgbob Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
300 CRESTVIEW AVE, MARTINEZ, CA 94553-3581
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
$712,500
Virgbob Properties LLC
Rkf Properties LLC
Warranty Deed
—
Jul 22, 1996
—
Rkr Properties
—
Grant Deed
related
$450,000 · Community Bank Of Grants Pass
Mar 25, 1996
—
Rkr Properties
Bennett,ronald & Karel
Grant Deed
related
—
Mar 15, 1996
—
Ronald Bennet
Rogue River Rv Park
Grant Deed
related
—
Dec 10, 1993
—
R V Park Rogue River
Bennett,ronald A & Karel R
Grant Deed
related
—
Jul 5, 1990
$115,000
Ronald A Bennett
Tri,wades
Grant Deed
related
—
May 15, 1986
$25,000
Tri,wades
Kelly,rose
Grant 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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