Individually Owned Property summary
AI-generated overview
This 1,823 square foot commercial property, located at 401 N Main St in Falls City, Oregon, presents a unique investment opportunity. Built in 1939, this single-story building sits on a 0.2-acre lot and is zoned Falls City CR, offering flexibility for various uses. Currently operating as Frink's General Store, the property features ample natural light, a convenient bathroom, and ample parking. The building's mixed-use zoning allows for a convenience store, grocery store, or quick-service restaurant (QSR), making it ideal for owner-users. The property is offered at $260,000 and includes one building with one unit. Its prime location in Falls City, Oregon (zip code 97344), ensures high visibility and accessibility. The property's APN is 295361, and ownership is held under joint tenancy. This is a rare chance to acquire a well-established commercial space with significant potential in a thriving Oregon community. The property's history and established presence make it an attractive investment for those seeking a turnkey operation or a platform for future expansion. Don't miss this chance to own a piece of Falls City's commercial landscape.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1939
Total area
1,823 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CRS
APN
08621-BC-01401
UPID
US71-1702029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
since 2018
3 recorded transactions
Zoning & alternative use
CRS · Falls City, OR
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$280k
Value range
$252k – $308k
±10% around blend
Estimated value / SF
$154 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
$252k
blend $280k
$308k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,823 SF
Lot area
0.2 ac
Year built
1939
APN
08621-BC-01401
Zoning
CRS
Assessed value
$158,340
Annual tax
$2,052
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$612k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
22.4 mi away · 1,724 SF
22.9 mi away · 1,610 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$280k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 32 sales
$132
+16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $154/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$158k
Move the market yield to see immediate price impact.
Value / SF
$87
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$10k
$200k
$143k
$111k
$11k
$222k
$158k
$123k
$12k
$244k
$174k
$135k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$645k
22.4 mi · Nov 2025 · $374/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,052
Tax year 2023
Assessed value
$158,340
Assessed 2023
Previous assessed
$153,730
+3.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$44,440
Assessed improvement
$113,900
Land market value
$62,950
Improvement market value
$147,930
Total market value
$210,880
Applied tax rate
5,701.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1939
Heating
NONE
Total area
1,823 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CRS
APN
08621-BC-01401
UPID
US71-1702029
Jurisdiction
POLK
Zoning & alternative use
CRS · Falls City, ORZoning CRS · permitted uses
CRS · Falls City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1939
Heating
NONE
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CRS
Jurisdiction
Falls City, OR
Recorded code
CRS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CRS in Falls City, OR.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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