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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Retail space
2619 9th St Corvallis, OR 97330-3855
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0696570
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
6,985 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CMU-2
APN
11524CC00600
UPID
US71-0696570
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
-
Michelle Powell Skin Care Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Whitakers Cambridge Court LLC · 2 yrs held
Whitakers Cambridge Court LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CMU-2 · 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,600,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Mar 1 2024)
Last sale anchor
$1.65M
Mar 1 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
$236 / 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
$11,805
Tax year 2023
Assessed value
$614,600
Assessed 2023
Previous assessed
$596,699
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$696,960
Improvement market value
$715,108
Total market value
$1,412,068
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Heating
NONE
Stories
1
Total area
6,985 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CMU-2
APN
11524CC00600
UPID
US71-0696570
Jurisdiction
BENTON
Zoning & alternative use
CMU-2 · Corvallis, OR
Zoning CMU-2 · permitted uses
CMU-2 · 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
$1.6M
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
1967
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Whitakers Cambridge Court LLC
Entity
Mailing address
3690 SW BROOKLANE DR, CORVALLIS, OR 97333-1411
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$1,650,000
Whitakers Cambridge Court LLC
Leroy Hann Franklin
Warranty Deed
$825,000 · Armstrong Hann Living Trust
Jun 13, 2012
$850,000
K2c2 LLC
Magid,robert N
Grant Deed
—
Mar 27, 2012
—
Community Bk
Magid,robert N
Grant Deed
related
—
Nov 16, 2011
$700,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
—
Jun 15, 2011
$850,000
K2c2 LLC
Magid,robert
Dual Purpose Document
$850,000 · Robert Magid
—
—
Robert N Magid
—
Deed Of Trust
related
$100,000 · Seattle Funding Group Ltd
—
—
Hann Armstrong Living Trust
—
Deed Of Trust
related
$50,000 · West Coast Bank
—
—
Robert N Magid
—
Deed Of Trust
related
$200,000 · Seattle Funding Group Ltd
—
—
Robert N Magid
—
Deed Of Trust
related
$250,000 · High Desert Bank
—
—
Hann Armstrong Living Trust
—
Deed Of Trust
related
$800,000 · West Coast Bank
—
—
Robert N Magid
—
Deed Of Trust
related
$200,000 · Bank Of The Northwest
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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