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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Retail space
260 Madison Ave Corvallis, OR 97333-4798
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0199169
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1913
Total area
10,200 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CMU-3
APN
12502AB01500
UPID
US71-0199169
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
-
Dulcy Neeley, LCSW Crisis Center Medical Clinic
-
Douglas A. Smyth, PHD Physician Medical Clinic
-
Annmarie O'Daniel, LPC Counselor
-
Live By Massage Alternative Medicine Practice Spa & Massage Center
-
Dowling Counseling Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
0-6s · 13 yrs held
0-6s
since 2013
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
CMU-3 · Corvallis, 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 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
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
COMMERCIAL (GENERAL)
$1,770,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.05M (Apr 12 2024)
Last sale anchor
$2.05M
Apr 12 2024
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
$201 / 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
$25,470
Tax year 2023
Assessed value
$1,326,066
Assessed 2023
Previous assessed
$1,287,443
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$675,840
Improvement market value
$1,329,183
Total market value
$2,005,023
Applied tax rate
932.0000
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
Year built
1913
Heating
NONE
Stories
1
Total area
10,200 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CMU-3
APN
12502AB01500
UPID
US71-0199169
Jurisdiction
BENTON
Zoning & alternative use
CMU-3 · Corvallis, OR
Zoning CMU-3 · permitted uses
CMU-3 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corvallis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.8M
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
1913
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
0-6s
Individual
Mailing address
146 NW 28TH ST, CORVALLIS, OR 97330-5305
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2013
—
0-6s
Mcfadden Julian R Trust
Grant Deed
$738,000 · Mcfadden Julian R Trust (pt)
Dec 9, 2010
—
Mcfadden Julian R Trust
Mcfadden,julian R
Quit Claim Deed
related
—
Jul 10, 2008
—
Wes Koester
—
Trustees Deed
related
$120,000 · Hottman Calvin A & C L Tr (tr)
Sep 20, 2007
—
Madison Square LLC
—
Trustees Deed
related
$150,995 · Pacific Continental Bank
—
—
Hugh R White
—
Deed Of Trust
related
$770,000 · First Security 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.
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