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Property profile & analytics
FOR LEASE
Medical Office Space
375 SE Norton Ln, McMinnville, OR 97128
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0588880
For Lease
1 / 2
Contact for pricing
375 SE Norton Ln, McMinnville, OR 97128
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
2.57 ac (111,949 SF)
Zoning code
C
APN
R4427 00402
UPID
US71-0588880
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
-
WVMC Wound Care & Hyperbaric Medicine Medical Clinic
-
Frontier Dermatology (formerly Silver Falls Dermatology) Medical Clinic Skin Care Clinic
-
Willamette Valley Ors Sgy Medical Clinic
-
Dr. Russell Young Physician Medical Clinic
-
William Lear Physician Medical Clinic
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
Roberti Investment Co LLC · 8 yrs held
Roberti Investment Co LLC
since 2018
5 recorded transactions
Zoning & alternative use
C · Mcminnville, 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 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
$86,163
Tax year 2023
Assessed value
$5,097,676
Assessed 2023
Previous assessed
$4,949,200
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$1,042,471
Improvement market value
$5,269,637
Total market value
$6,312,108
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
2.57 ac (111,949 SF)
Zoning code
C
APN
R4427 00402
UPID
US71-0588880
Jurisdiction
YAMHILL
Zoning & alternative use
C · Mcminnville, OR
Zoning C · permitted uses
C · Mcminnville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcminnville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.57 ac
Current owner
From public records · entity-resolved
Roberti Investment Co LLC
Entity
Mailing address
PO BOX 2426, KIRKLAND, WA 98083-2426
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2018
$4,835,000
Roberti Investment Co LLC
Burch-feero Property I INC
Warranty Deed
$2,300,000 · Miscellaneous Ins Co
Jul 16, 2002
—
Burch-feero Property I INC
Burch Feero INC
Quit Claim Deed
related
—
—
—
Burch-feero Property-i INC
—
Deed Of Trust
related
$49,150 · West Coast Bank
—
—
Burch-feero Property-i INC
—
Deed Of Trust
related
$2,800,000 · Bridger Commercial Funding LLC
—
—
Burch-feero Property-1 INC
—
Deed Of Trust
related
$2,947,500 · West Coast Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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