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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Grocery and convenience stores
340 Grandview Ave, Scotts Mills, OR 97375-7029
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-0812744
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1960
Total area
2,560 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CG
APN
061E15DC04700
UPID
US71-0812744
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
-
Scott Mills Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Nikmal LLC · 3 yrs held
Nikmal LLC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
CG · Scotts Mills, OR
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 Scotts Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scotts Mills 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
$715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$915,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$825,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$510,000
Change: 0% · Conversion: Easy
RETAIL STORES
$505,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$490,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $450k (Oct 21 2022)
Last sale anchor
$450k
Oct 21 2022
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
$221 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$2,028
Tax year 2021
Assessed value
$162,610
Assessed 2023
Previous assessed
$157,880
+3.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$54,000
Improvement market value
$139,910
Total market value
$193,910
Applied tax rate
4,170.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
2,560 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CG
APN
061E15DC04700
UPID
US71-0812744
Jurisdiction
MARION
Zoning & alternative use
CG · Scotts Mills, OR
Zoning CG · permitted uses
CG · Scotts Mills, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scotts Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$915,000
MEDICAL BUILDING
Est. value
$825,000
OFFICE BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$510,000
RETAIL STORES
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$490,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1960
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Nikmal LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15382 SW 141ST AVE, TIGARD, OR 97224-0979
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
$450,000
Nikmal LLC
Wan S Park
Warranty Deed
—
Oct 18, 2007
$300,000
Wan S Park
Scotts Mills Market LLC
Grant Deed
$241,664 · Scotts Mills Market LLC
Apr 16, 2001
—
Virginia M Raab
American Equities INC
Grant Deed
related
—
Sep 22, 1998
$190,000
Patricia V Kane
Raab,virginia
Grant Deed
—
May 20, 1997
—
Lloyd W Eslinger
Newton,robert F
Grant Deed
related
—
Aug 31, 1995
$350,000
Linda J Horton
Handley Corp
Grant Deed
—
Sep 14, 1990
$150,000
Robert F Newton
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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