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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Warehouses
400 Monroe St, Mount Angel, OR 97362-9662
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0478116
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
5,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CG
APN
061W10BB00100
UPID
US71-0478116
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
$1.14M
Blend (final)
Blend
$1.08M
Owner & transaction history
Watson Family Investments LLC · 1 yrs held
Watson Family Investments LLC
since 2025
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
CG · Mount Angel, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+85.7%
Medical building
$1.6M
+67.2%
Restaurant
$1.5M
+58.2%
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 Mount Angel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Angel 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$960,000
Current use
AUTO REPAIR, GARAGE
$1,785,000
Change: +86% · Conversion: Easy
MEDICAL BUILDING
$1,605,000
Change: +67% · Conversion: Difficult
RESTAURANT
$1,520,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,000,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$900,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.02M (Oct 7 2024)
Last sale anchor
$1.02M
Oct 7 2024
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
$215 / 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
$5,644
Tax year 2021
Assessed value
$342,120
Assessed 2023
Previous assessed
$332,160
+3.0% YoY
Effective rate
1.65%
On assessed value
Land market value
$136,100
Improvement market value
$599,840
Total market value
$735,940
Applied tax rate
91,150.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CG
APN
061W10BB00100
UPID
US71-0478116
Jurisdiction
MARION
Zoning & alternative use
CG · Mount Angel, OR
Zoning CG · permitted uses
CG · Mount Angel, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Angel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$900,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2007
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Watson Family Investments LLC
Entity
Mailing address
PO BOX 1026, SILVERTON, OR 97381-0016
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
$1,015,000
Watson Family Investments LLC
Watson Real Estate Investments LLC
Warranty Deed
$1,015,000 · Michael Watson
Dec 5, 2008
—
Watson Real Estate Invs LLC
Watson,michael R & Mary A
Quit Claim Deed
related
—
Dec 2, 2008
$310,000
David Watson
Watson,michael R & Mary A
Grant Deed
related
—
Mar 6, 2006
$180,000
Michael R Watson
Pashley Family Trust
Warranty 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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