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Property profile & analytics
OFF-MARKET
Medical Office Space
435 Evans St, Mcminnville, OR 97128-4628
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1747668
Property summary
AI-generated overview
Exceptional investment opportunity in McMinnville, Oregon. This Class A, three-story office building, totaling 14,638 net rentable square feet, is situated on a 0.276-acre lot (APN 159651) at 435 NE Evans St, 97128. The property, built in 1945 and extensively renovated in 2017, boasts 12 units with 100% occupancy under long-term NNN leases. The building features a modern design incorporating energy-efficient upgrades including new electrical, plumbing, HVAC systems, R-30 ceiling insulation, triple-pane windows, foam wall insulation, steel studs, and 5/8" drywall. The asking price is $5,000,000, translating to $341.58 per square foot. The property is zoned Commercial-3 and currently houses two well-known local tenants occupying the majority of the space. All units will be leased at closing. Tenants share all expenses. This is a clean NNN investment with significant upside potential. The building is a multi-tenant property suitable for executive, medical, and traditional office uses.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
0.28 ac (12,001 SF)
Zoning code
C3
APN
R4421BC 02400
UPID
US71-1747668
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
-
Juniper Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Altum Massage Alternative Medicine Practice Spa & Massage Center
-
Fifth Corner Academy Charitable Organization Social Service Agency
-
Zoticus Law, PC, Law Firm
-
Cypress Tattoo Tattoo & Piercing Shop
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
Bbg Investments LLC · 11 yrs held
Bbg Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
C3 · 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
$10,689
Tax year 2023
Assessed value
$632,382
Assessed 2023
Previous assessed
$1,355,326
-53.3% YoY
Effective rate
1.69%
On assessed value
Land market value
$100,525
Improvement market value
$1,231,946
Total market value
$1,332,471
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
Off-Market
Heating
NONE
Buildings
2
Lot
0.28 ac (12,001 SF)
Zoning code
C3
APN
R4421BC 02400
UPID
US71-1747668
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Mcminnville, OR
Zoning C3 · permitted uses
C3 · 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
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Bbg Investments LLC
Entity
Mailing address
18200 SE WALNUT HL RD, AMITY, OR 97101-2160
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2018
—
Bbg Investments LLC
—
Deed
related
$205,000 · Nw Funding Solutions LLC
Mar 1, 2018
—
Bbg Investments LLC
—
Deed
related
$610,000 · Egm Investments LLC
Dec 23, 2014
$450,000
Bbg Investments LLC
Citizens Bk
Grant Deed
—
Jan 13, 2012
$587,874
Citizens Bank
Sheriff Of Yamhill County
Trustees Deed
related
—
Jul 8, 2011
$587,874
Citizens Bank
Sheriff Of Yamhill County
Trustees Deed
related
—
Nov 14, 2006
$865,000
Purr Powered LLC
Winkler Kathryn R Trust
Warranty Deed
$121,364 · Winkler Kathryn Trust (tr)
Sep 1, 1994
$262,500
Kathryn R Winkler
Winkler,kathryn R
Grant Deed
related
$320,000 · Key Bank Of Oregon
—
—
Winkler Trust
—
Deed Of Trust
related
$500,000 · Pacific Crest Bank
—
—
Bbg Investments LLC
—
Deed Of Trust
related
$610,000 · Egm Investments LLC
—
—
Bbg Investments LLC
—
Deed Of Trust
related
$205,000 · Nw Funding Solutions LLC
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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