Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Medical Office Space
2222 Lincoln Ave Corvallis, OR 97330-2503
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0740198
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1968
Total area
2,488 SF
Lot
0.22 ac (9,583 SF)
Zoning code
P-AO
APN
11534AA06101
UPID
US71-0740198
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
-
Catalyst Psychiatry LLC Physician
-
Dr. Glenn Balkins, DMD Dental Office
-
Dr. Benjamin Haslam Dental Office
-
Two Ravens Counseling LLC Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Lincoln Real Estate LLC · 4 yrs held
Lincoln Real Estate LLC
since 2021
Last sale
$666,500
2 recorded transactions
Zoning & alternative use
P-AO · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended to establish suitable urban areas for diversified office uses in concentrated centers and in appropriate isolated locations
Zone name
Professional And Administrative Office Zone
General category
UNKNOWN
Zone area
84.86 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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$745,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $667k (Dec 17 2021)
Last sale anchor
$667k
Dec 17 2021
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
$267 / 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
$7,649
Tax year 2023
Assessed value
$398,237
Assessed 2023
Previous assessed
$386,638
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$191,660
Improvement market value
$558,732
Total market value
$750,392
Applied tax rate
901.0000
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
DENTAL BUILDING
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Total area
2,488 SF
Lot
0.22 ac (9,583 SF)
Zoning code
P-AO
APN
11534AA06101
UPID
US71-0740198
Jurisdiction
BENTON
Zoning & alternative use
P-AO · Corvallis, ORZoning P-AO · permitted uses
P-AO · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended to establish suitable urban areas for diversified office uses in concentrated centers and in appropriate isolated locations
Zone name
Professional And Administrative Office Zone
General category
UNKNOWN
Zone area
84.86 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$570,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Lincoln Real Estate LLC
Entity
Mailing address
2222 NW LINCOLN AVE, CORVALLIS, OR 97330-2503
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$666,500
Lincoln Real Estate LLC
Balkins Family Investments LLC
Warranty Deed
$268,600 · Columbia State Bank
Aug 10, 2011
—
Balkins Family Investments LLC
Balkins,glenn D & Monta J
Quit Claim Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2222 Lincoln Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
