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Property profile & analytics
OFF-MARKET
Commercial real estate
2423 Homedale Rd Klamath Falls, OR 97603-6861
Individually Owned
1-yr Hold
Free & Clear
Property ID
US71-1905647
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Total area
1,500 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CG
APN
R-3909-002DA-01900-000
UPID
US71-1905647
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
-
Lester Realty, Inc. Real Estate Agency
-
Marie Merkley- Real Estate Agent Real Estate Agency
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
Lori Ann Lester · 1 yrs held
Lori Ann Lester
since 2024
Last sale
$91,000
7 recorded transactions
Zoning & alternative use
CG · Klamath Falls, 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 Klamath Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Klamath Falls 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
$2,227
Tax year 2023
Assessed value
$190,300
Assessed 2023
Previous assessed
$190,300
+0.0% YoY
Effective rate
1.17%
On assessed value
Land market value
$52,270
Improvement market value
$345,560
Total market value
$397,830
Applied tax rate
41.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Rooms
6
Bathrooms
2
Total area
1,500 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CG
APN
R-3909-002DA-01900-000
UPID
US71-1905647
Jurisdiction
KLAMATH
Zoning & alternative use
CG · Klamath Falls, OR
Zoning CG · permitted uses
CG · Klamath Falls, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Klamath Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Cooling
Yes
Rooms
6
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Lori Ann Lester
Individual
Free & Clear · 1 yrs held
Mailing address
2423 HOMEDALE RD, KLAMATH FALLS, OR 97603-6861
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Lori Ann Lester
Lori A Lester
Intrafamily Transfer
related
—
May 2, 2017
—
Lori A Lester
Pierce,janet R
Quit Claim Deed
related
—
Mar 22, 2017
—
Lori A Lester
—
Deed
related
$126,676 · Rogue FCU
Feb 15, 2013
$91,000
Janet R Pierce
Pierce,janet P
Grant Deed
related
—
Feb 6, 2013
$91,000
Janet R Pierce
Pisan Opal M
Warranty Deed
$145,600 · Rogue FCU
Sep 7, 2006
$240,000
Opal M Pisan
Aschenbach,jon R
Warranty Deed
$176,250 · Mission Hills Mortgage Bankers
Feb 25, 2005
—
Jon R Aschenbach
Aschenbach,joan E
Quit Claim Deed
related
—
—
—
Lori A Lester
—
Loan Modification
related
$126,676 · Rogue FCU
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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