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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Apartment buildings
3011 Main Rd, Lebanon, OR 97355-1579
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0186366
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
FRAME
Total area
2,492 SF
Lot
1.73 ac (75,359 SF)
APN
12S 02W 23B 01601
UPID
US71-0186366
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
-
Friesen Plumbing Inc Plumbing Service General Contractor
-
GardenView Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$605k
Owner & transaction history
Garden View Apts Lebanon LP · 6 yrs held
Garden View Apts Lebanon LP
since 2019
7 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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$605k
Range $545k – $666k · ±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
$243 / 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
Applied tax rate
947.0000
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
2019
Construction
FRAME
Heating
FORCED AIR
Stories
1
Rooms
8
Bathrooms
3
Total area
2,492 SF
Lot
1.73 ac (75,359 SF)
APN
12S 02W 23B 01601
UPID
US71-0186366
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
2019
Construction
FRAME
Heating
FORCED AIR
Stories
1
Rooms
8
Bathrooms
3
Lot
1.73 ac
Current owner
From public records · entity-resolved
Garden View Apts Lebanon LP
Entity
Mailing address
1250 QUEEN AVE SE, ALBANY, OR 97322-6661
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
$520,000
Garden View Apts Lebanon LP
Linn-benton Housing Authority
Grant Deed
$8,022,912 · Us Bk
May 23, 2016
$405,000
Linn-benton Housing Authority
Friesen,darrell
Warranty Deed
—
Aug 23, 2002
$260,000
Darrell Friesen
Evenhus,kenneth R & Karen L
Grant Deed
$247,000 · Lime Financial Services Ltd
Apr 26, 1999
$219,800
Kenneth R Evenhus
Battenberg,a C & Dora A
Grant Deed
$256,500 · Linn-benton Bank
—
—
Linn-benton Housing Authority
—
Deed Of Trust
related
$500,000 · Hdc Community Fund LLC
—
—
Garden View Apts Lebanon LP
—
Deed Of Trust
related
$820,000 · Housing & Cmnty Svcs Dept
—
—
Cindy Friesen
—
Deed Of Trust
related
$249,600 · Quicken Lns
—
—
Darrell Friesen
—
Deed Of Trust
related
$53,000 · Lime Financial Services Ltd
—
—
Darrell Friesen
—
Deed Of Trust
related
$212,000 · Lime Financial Services Ltd
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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