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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Apartment buildings
302 Monmouth S Ave 10, Monmouth, OR 97361-2165
Entity Owned
1-yr Hold
Free & Clear
Property ID
US71-0726041
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
15,048 SF
Lot
0.6 ac (26,136 SF)
Zoning code
RH
APN
08525-DA-01200
UPID
US71-0726041
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
$1.94M
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.14M
Owner & transaction history
Smi Legacy 302 S Monmouth Ave LLC · 1 yrs held
Smi Legacy 302 S Monmouth Ave LLC
since 2025
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RH · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+31.0%
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 Monmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monmouth 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
$1,860,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
$2,775,000
6.5%
$2,560,000
7%
$2,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,340,000
Current use
OFFICE BUILDING
$3,065,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$1,990,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.35M (Mar 25 2025)
Last sale anchor
$2.35M
Mar 25 2025
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
$142 / 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
$13,288
Tax year 2023
Assessed value
$729,390
Assessed 2023
Previous assessed
$708,150
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$109,050
Assessed improvement
$620,340
Land market value
$245,940
Improvement market value
$1,589,660
Total market value
$1,835,600
Applied tax rate
1,301.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1969
Heating
NONE
Buildings
14
Total area
15,048 SF
Lot
0.6 ac (26,136 SF)
Zoning code
RH
APN
08525-DA-01200
UPID
US71-0726041
Jurisdiction
POLK
Zoning & alternative use
RH · Monmouth, OR
Zoning RH · permitted uses
RH · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
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
1969
Heating
NONE
Buildings
14
Lot
0.6 ac
Current owner
From public records · entity-resolved
Smi Legacy 302 S Monmouth Ave LLC
Entity
Free & Clear · 1 yrs held
Mailing address
777 NE 2ND STA, CORVALLIS, OR 97330-6200
Ownership since
2025
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
Jun 25, 2025
$2,350,000
Smi Legacy 302 S Monmouth Ave LLC
Seven Ds LLC
Warranty Deed
—
Oct 21, 2021
$1,825,000
Seven D S LLC
Tony T Coelho
Warranty Deed
$1,369,000 · Oregon State Cu
Aug 10, 2021
—
Tony T Coelho
Wookiestream Exchange Company LLC
Warranty Deed
—
Oct 29, 2020
—
Wookiestream Exchange Co LLC
Coelho Tony T Trust
Warranty Deed
—
Oct 21, 2020
—
Wookiestream Exchange Co LLC
Coelho Tony T Trust
Warranty Deed
—
May 15, 2020
$3,150,000
Schmoldt Property 10 LLC
Coelho Tony T Trust
Warranty Deed
$2,205,000 · Maps Cu
Dec 17, 2014
$114,900
Hussain Al Gafly Mohammad
Coelho Tony T Trust
Grant Deed
—
Oct 10, 2014
$875,000
Coelho,tony T Trust
Baxter Living Trust
Grant Deed
related
—
—
—
Coelho,tony T Trust
—
Deed Of Trust
related
$900,000 · Us Bk Tr
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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