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Property profile & analytics
OFF-MARKET
Retail space
2435 Cumulus Ave, Mcminnville, OR 97128-8805
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-0309577
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
1.92 ac (83,635 SF)
Zoning code
C3/PD
APN
R4422CD 01901
UPID
US71-0309577
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
-
NW Urology, LLC (Adult Urology) Physician Medical Clinic
-
Dr. William J. Koenig, DO Pediatrician Medical Clinic
-
Dr. Leslie M. Brott, MD Pediatrician Physician
-
Dr. Jacqueline M. Eriksen, MD Pediatrician Physician
-
Dr. Brent W. Heimuller, MD Pediatrician 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
by Request
Owner & transaction history
Pmc Investments LLC · 14 yrs held
Pmc Investments LLC
since 2012
7 recorded transactions
Zoning & alternative use
C3/PD · Mcminnville, 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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$67,872
Tax year 2023
Assessed value
$4,015,494
Assessed 2023
Previous assessed
$3,898,538
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$872,918
Improvement market value
$4,655,636
Total market value
$5,528,554
Applied tax rate
40.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
1.92 ac (83,635 SF)
Zoning code
C3/PD
APN
R4422CD 01901
UPID
US71-0309577
Jurisdiction
YAMHILL
Zoning & alternative use
C3/PD · Mcminnville, OR
Zoning C3/PD · permitted uses
C3/PD · Mcminnville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcminnville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.92 ac
Current owner
From public records · entity-resolved
Pmc Investments LLC
Entity
Mailing address
2435 NE CUMULUS AVE STE A, MCMINNVILLE, OR 97128-8805
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2012
$1,350,000
Pmc Investments LLC
Columbia River Bk
Grant Deed
$1,151,039 · Citizens Federal Bank Fsb
Nov 1, 2011
$1,316,000
Columbia River Bk
Paetsch,erich M
Grant Deed
related
—
Jun 25, 2009
—
Rtp Properties LLC
—
Trustees Deed
related
$457,448 · Columbia River Bank
Aug 25, 2005
$478,000
Rtp Properties LLC
Full,michael & Kay
Grant Deed
$1,300,000 · Columbia River Bank
Apr 13, 2005
—
Michael Full
Full,michael & Kay
Quit Claim Deed
related
—
—
—
Pmc Investments LLC
—
Deed Of Trust
related
$3,961,000 · Citizens Federal Bank Fsb
—
—
Pmc Investments LLC
—
Deed Of Trust
related
$1,680,000 · Cascades West Fin'l Svcs INC
—
—
Pmc Investments LLC
—
Loan Modification
related
—
—
—
Rtp Properties LLC
—
Deed Of Trust
related
$1,875,000 · Columbia River Bank
—
—
Rtp Properties LLC
—
Deed Of Trust
related
$417,156 · Columbia State Bank
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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