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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Grocery and convenience stores
412 4th St Gervais, OR 97026-8942
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0217132
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1902
Total area
3,500 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CG
APN
052W26DB02900
UPID
US71-0217132
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
-
Gervais Food Market Grocery & Convenience Store
-
Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Parmar INC · 6 yrs held
Parmar INC
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
CG · Gervais, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Residential Residential (R-1) 17.24 Residential Residential (R-2) 17.28 Public Use Public Facility (PF) 17.32 Commercial or Development Alternative Area Commercial Retail-Office (CR) 17.36 Commercial General Commercial (CG) 17.40 Industrial or Development Alternative Area Light Industrial (IL) 17.44 (Ord. 17-2003 § 1 (part)) 17.12.020 - Boundaries. A. The zo…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
3.97 ac
Source
code of ordinances
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 Gervais submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gervais 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
$1,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$825,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,250,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,125,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$695,000
Change: 0% · Conversion: Easy
RETAIL STORES
$690,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$675,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $750k (Feb 3 2020)
Last sale anchor
$750k
Feb 3 2020
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
$251 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,328
Tax year 2023
Assessed value
$121,400
Assessed 2023
Previous assessed
$117,870
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$30,000
Improvement market value
$170,170
Total market value
$200,170
Applied tax rate
1,100.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1902
Heating
NONE
Stories
1
Total area
3,500 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CG
APN
052W26DB02900
UPID
US71-0217132
Jurisdiction
MARION
Zoning & alternative use
CG · Gervais, ORZoning CG · permitted uses
CG · Gervais, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Residential Residential (R-1) 17.24 Residential Residential (R-2) 17.28 Public Use Public Facility (PF) 17.32 Commercial or Development Alternative Area Commercial Retail-Office (CR) 17.36 Commercial General Commercial (CG) 17.40 Industrial or Development Alternative Area Light Industrial (IL) 17.44 (Ord. 17-2003 § 1 (part)) 17.12.020 - Boundaries. A. The zoning district boundaries are shown on the official zoning map: City of Gervais Lan
Zone name
Commercial General
General category
COMMERCIAL
Zone area
3.97 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$695,000
RETAIL STORES
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$675,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1902
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Parmar INC
Entity
Mailing address
PO BOX 294, GERVAIS, OR 97026-0294
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Feb 4, 2020
—
Parmar INC
—
Deed
related
$1,040,000 · Readycap Lndg
Feb 3, 2020
$750,000
Parmar INC
M & B Management INC
Warranty Deed
$1,040,000 · Readycap Lndg
Jun 17, 2016
—
M & B Management INC
—
Deed
related
$563,000 · Columbia St Bk
Jan 5, 2016
$400,000
M & B Management INC
Lind,barbara J
Warranty Deed
related
—
May 3, 1988
—
Linds Woodburn Market Dba
Unknown
Grant Deed
related
—
—
—
M & B Management INC
—
Deed Of Trust
related
$563,000 · Columbia St Bk
—
—
Parmar INC
—
Deed Of Trust
related
$1,040,000 · Readycap Lndg
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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