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Property profile & analytics
FOR LEASE
Medical Office Space
351 SE Baker St, McMinnville, OR 97128
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-1881959
For Lease
1 / 2
$2,804/Mo
351 SE Baker St, McMinnville, OR 97128
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
0.03 ac (1,402 SF)
APN
R4420DA 90002
UPID
US71-1881959
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
-
Mc Minnville Endodontics Dental Office
-
Jacqualine M. Terrill Cooke Physician
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
Essential Services 351 Se Baker Str
Essential Services 351 Se Baker Str
since 2025
Last sale
$385,000
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 McMinnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs McMinnville 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
$4,457
Tax year 2023
Assessed value
$263,668
Assessed 2023
Previous assessed
$255,988
+3.0% YoY
Effective rate
1.69%
On assessed value
Improvement market value
$336,369
Total market value
$336,369
Applied tax rate
40.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Heating
NONE
Lot
0.03 ac (1,402 SF)
APN
R4420DA 90002
UPID
US71-1881959
Jurisdiction
YAMHILL
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
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Essential Services 351 Se Baker Str
Individual
Mailing address
12000 NW OLD WAGON RD, CARLTON, OR 97111-9302
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
$385,000
Essential Services 351 Se Baker Str
Christopher Barnes
Special Warranty Deed
$327,200 · Beneficial State Bank
Feb 7, 2023
—
Christopher Barnes
—
Deed
related
$260,000 · First Fsla Of Mcminnville
Dec 20, 2022
$325,000
Christopher Barnes
Joseph Tran
Warranty Deed
—
Nov 19, 2003
$120,000
Joseph Tran
J & M Commercial Properties
Grant Deed
$30,000 · First Federal Savings & Loan
Jun 27, 2001
—
J Properties
Johnson Trust
Grant Deed
related
—
Mar 17, 1999
—
Johnson Trust
Johnson,marvin J & Julia A
Quit Claim Deed
related
—
Jan 7, 1994
—
Marvin J Johnson
Johnson,marvin
Quit Claim Deed
related
$114,300 · First Federal Savings & Loan
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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