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Property profile & analytics
OFF-MARKET
Office Spaces
263 1st St Halsey, OR 97348
Individually Owned
5-yr Hold
Free & Clear
Property ID
US71-0385213
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Total area
1,094 SF
Lot
0.11 ac (4,792 SF)
APN
14S 04W 01AA 01400
UPID
US71-0385213
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
by Request
Owner & transaction history
Rachel Patricia Henricks · 5 yrs held
Rachel Patricia Henricks
since 2021
Last sale
$90,000
6 recorded transactions
Zoning & alternative use
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 Halsey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Halsey 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
$1,560
Tax year 2023
Assessed value
$89,990
Assessed 2023
Previous assessed
$87,370
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$26,160
Improvement market value
$78,330
Total market value
$104,490
Applied tax rate
55,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1940
Heating
NONE
Stories
1
Total area
1,094 SF
Lot
0.11 ac (4,792 SF)
APN
14S 04W 01AA 01400
UPID
US71-0385213
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Rachel Patricia Henricks
Individual
Free & Clear · 5 yrs held
Mailing address
33902 7TH MILE LN SE, ALBANY, OR 97322-7240
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
Rachel Patricia Henricks
—
Deed
related
$910,000 · Citizens Bank NA
Apr 26, 2021
$90,000
Rachel Patricia Henricks
Kimberly Bass
Warranty Deed
—
May 8, 2014
—
Kimberly Bass
Bass,gregory A
Quit Claim Deed
related
—
Jan 15, 2009
—
Gregory A Bass
Bass,kimberly
Quit Claim Deed
related
—
Nov 7, 2005
$62,500
Kimberly Bass
Martin,elwood J
Warranty Deed
$52,000 · Elwood J Martin
Jan 5, 2004
$50,000
Elwood J Martin
Greig,clifford A & Juanita M
Grant Deed
—
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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