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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
323 Brg St Falls City, OR 97344-9701
Individually Owned
33-yr Hold
Free & Clear
Property ID
US71-0905870
Property profile
Verified
Property type
Mobile home & RV parks
Use group
CAMPGROUND, RV PARK
Year built
1968
Total area
840 SF
Lot
11.2 ac (487,872 SF)
Zoning code
CI
APN
08621-BC-04800
UPID
US71-0905870
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
Richard M Bowman · 33 yrs held
Richard M Bowman
since 1993
1 recorded transaction
Zoning & alternative use
CI · Falls City, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide areas to meet the commercial and industrial needs of the residents of the city
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
39.23 ac
Source
Realmo
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 Falls City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falls City 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
$5,642
Tax year 2023
Assessed value
$430,220
Assessed 2023
Previous assessed
$417,690
+3.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$66,650
Assessed improvement
$363,570
Land market value
$172,490
Improvement market value
$550,170
Total market value
$722,660
Applied tax rate
5,701.0000
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
Mobile home & RV parks
Use group
CAMPGROUND, RV PARK
Status
Off-Market
Year built
1968
Heating
NONE
Total area
840 SF
Lot
11.2 ac (487,872 SF)
Zoning code
CI
APN
08621-BC-04800
UPID
US71-0905870
Jurisdiction
POLK
Zoning & alternative use
CI · Falls City, ORZoning CI · permitted uses
CI · Falls City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide areas to meet the commercial and industrial needs of the residents of the city
Zone name
Commercial Industrial
General category
INDUSTRIAL
Zone area
39.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Lot
11.2 ac
Current owner
From public records · entity-resolved
Richard M Bowman
Individual
Free & Clear · 33 yrs held
Mailing address
PO BOX 133, FALLS CITY, OR 97344-0133
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 1993
$55,000
Richard M Bowman
Unknown
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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