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Property profile & analytics
OFF-MARKET
Turn key restaurants
222 Washington SW St Albany, OR 97321-2217
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0638526
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
4,702 SF
Lot
0.19 ac (8,276 SF)
APN
11S 04W 01DD 02000
UPID
US71-0638526
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
-
Libation By Lindsey Event Planning Wedding Service
-
Loafer's Station Restaurant
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
Daniel Violette · 6 yrs held
Daniel Violette
since 2019
7 recorded transactions
Zoning & alternative use
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$5,607
Tax year 2023
Assessed value
$281,490
Assessed 2023
Previous assessed
$273,300
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$173,280
Improvement market value
$520,320
Total market value
$693,600
Applied tax rate
846.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
4,702 SF
Lot
0.19 ac (8,276 SF)
APN
11S 04W 01DD 02000
UPID
US71-0638526
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Daniel Violette
Individual
Mailing address
222 WASHINGTON ST SW, ALBANY, OR 97321-2217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
$485,000
Daniel Violette
Cdr Properties LLC
Warranty Deed
$400,000 · Cdr Properties LLC
Oct 2, 2015
$400,000
Cdr Properties LLC
Torgeson,montie L & Wendy C
Warranty Deed
$350,000 · Montie L & Wendy C Torgeson
Jan 16, 2015
—
Montie L Torgeson
Bettys Bistro LLC
Quit Claim Deed
related
—
Sep 27, 2006
$480,000
Bettys Bistro LLC
Torgeson,montie L & Wendy C
Grant Deed
—
Jul 18, 1997
$150,000
Albany Washington Street Prope
Settlemier,kenneth & Lee A
Grant Deed
—
—
—
Albany Washington Street Prope
—
Deed Of Trust
related
$128,722 · Linn-benton Bank
—
—
Montie Torgeson
—
Deed Of Trust
related
$343,000 · Northwest Community Cu
—
—
Montie L Torgeson
—
Deed Of Trust
related
$342,000 · Key Bank & Trust
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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