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Property profile & analytics
OFF-MARKET
Hotels
407 2nd St, Corvallis, OR 97330-6441
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-1029829
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1994
Total area
40,158 SF
Lot
1.52 ac (66,211 SF)
Zoning code
CMU-3
APN
11535DB14800
UPID
US71-1029829
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
-
407 NW 2nd St Parking Parking Lot & Garage
-
Super 8 by Wyndham Corvallis Hotel & Motel
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
Guru Arjan Dev Ji LLC · 18 yrs held
Guru Arjan Dev Ji LLC
since 2007
5 recorded transactions
Zoning & alternative use
CMU-3 · Corvallis, 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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$74,928
Tax year 2023
Assessed value
$4,360,796
Assessed 2023
Previous assessed
$4,360,796
+0.0% YoY
Effective rate
1.72%
On assessed value
Land market value
$1,829,486
Improvement market value
$2,531,310
Total market value
$4,360,796
Applied tax rate
932.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
2
Stories
1
Total area
40,158 SF
Lot
1.52 ac (66,211 SF)
Zoning code
CMU-3
APN
11535DB14800
UPID
US71-1029829
Jurisdiction
BENTON
Zoning & alternative use
CMU-3 · Corvallis, OR
Zoning CMU-3 · permitted uses
CMU-3 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corvallis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Buildings
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Guru Arjan Dev Ji LLC
Entity
Mailing address
1875 AUBURN RAVINE RD, AUBURN, CA 95603-3165
Ownership since
2007
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
Dec 30, 2020
—
Guru Jan Dev Ji LLC
—
Deed
related
$2,450,136 · Banner Bk
Jul 25, 2018
—
Guru Arjan Dev Ji LLC
—
Deed
related
$2,528,000 · Banner Bk
Aug 31, 2007
—
Guru Arjan Dev Ji LLC
Columbus Properties LLC
Grant Deed
$2,775,000 · Premierwest Bank
—
—
Guru Arjan Dev Ji LLC
—
Deed Of Trust
related
$2,528,000 · Banner Bk
—
—
Guru Jan Dev Ji LLC
—
Loan Modification
related
$2,450,136 · Banner Bk
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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