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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Apartment buildings
231 Whitesell W Ave 1, Monmouth, OR 97361-1088
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0982216
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Total area
11,820 SF
Lot
0.35 ac (15,246 SF)
Zoning code
RH
APN
08524-DD-00201
UPID
US71-0982216
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
University Townhomes LLC · 13 yrs held
University Townhomes LLC
since 2012
7 recorded transactions
Zoning & alternative use
RH · Monmouth, 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 Monmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monmouth 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,840,000
Current use
RETAIL STORES
$1,565,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10%
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
$119 / 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
$27,755
Tax year 2023
Assessed value
$1,523,480
Assessed 2023
Previous assessed
$1,479,110
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$136,670
Assessed improvement
$1,386,810
Land market value
$168,860
Improvement market value
$2,755,980
Total market value
$2,924,840
Applied tax rate
1,301.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Buildings
7
Stories
2
Rooms
9
Bathrooms
1
Total area
11,820 SF
Lot
0.35 ac (15,246 SF)
Zoning code
RH
APN
08524-DD-00201
UPID
US71-0982216
Jurisdiction
POLK
Zoning & alternative use
RH · Monmouth, OR
Zoning RH · permitted uses
RH · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
2012
Heating
FORCED AIR
Stories
2
Buildings
7
Rooms
9
Bathrooms
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
University Townhomes LLC
Entity
Mailing address
7070 SW BAYLOR ST, TIGARD, OR 97223-2531
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2016
—
University Townhomes LLC
—
Deed
related
$3,500,000 · Advantis Cu
Dec 19, 2012
—
University Townhomes LLC
Wou Townhomes LLC
Grant Deed
—
Jul 11, 2012
—
Wou Townhomes LLC
—
Grant Deed
related
$1,183,000 · Riverview Community Bank
Jan 30, 2012
$170,000
Wou Townhomes LLC
Dejong,john & Annola
Warranty Deed
—
Jun 8, 1999
$125,500
John Dejong
Jaeger,frank C & Marybeth
Grant Deed
$119,200 · New America Financial INC
—
—
Wou Townhomes LLC
—
Deed Of Trust
related
—
—
—
University Townhomes LLC
—
Deed Of Trust
related
$1,080,637 · Riverview Cmnty Bk
—
—
John Dejong
—
Deed Of Trust
related
$107,700 · J P Morgan Chase Bank
—
—
University Townhomes LLC
—
Deed Of Trust
related
$3,500,000 · Advantis Cu
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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