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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Apartment buildings
277 Walnut Ave 10 Dallas, OR 97338-5101
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-0956838
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Total area
42,760 SF
Lot
3.3 ac (143,748 SF)
Zoning code
RHD
APN
07532-AA-02100
UPID
US71-0956838
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
-
Rickreall Creek Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$3.30M
Owner & transaction history
Polk Walnut Management LLC · 3 yrs held
Polk Walnut Management LLC
since 2023
3 recorded transactions
Zoning & alternative use
RHD · Dallas, OR
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10%
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
$77 / 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
$8,348
Tax year 2023
Assessed value
$597,485
Assessed 2023
Previous assessed
$580,080
+3.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$228,385
Assessed improvement
$369,100
Land market value
$977,850
Improvement market value
$4,053,010
Total market value
$5,030,860
Applied tax rate
238.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Buildings
37
Stories
1
Rooms
7
Bathrooms
1
Total area
42,760 SF
Lot
3.3 ac (143,748 SF)
Zoning code
RHD
APN
07532-AA-02100
UPID
US71-0956838
Jurisdiction
POLK
Zoning & alternative use
RHD · Dallas, ORZoning RHD · permitted uses
RHD · Dallas, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Dallas : Development Code
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
1
Buildings
37
Rooms
7
Bathrooms
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Polk Walnut Management LLC
Entity
Free & Clear · 3 yrs held
Mailing address
657 MAIN ST, DALLAS, OR 97338-1901
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
—
Polk Management LLC
—
Deed
related
$1,265,000 · Citizens Bank
Jan 30, 2023
—
Polk Walnut Management LLC
Rickreall Creek Townhomes LP
Warranty Deed
—
Aug 8, 2006
$92,000
Rickreall Creek Townhomes
Hevener,robert R & Elona
Warranty 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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