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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
497 Gwinn E St Monmouth, OR 97361
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0713283
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
53,880 SF
Lot
5 ac (217,800 SF)
Zoning code
IP
APN
08430-CC-05100
UPID
US71-0713283
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
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$865k
Owner & transaction history
Monmouth Mini Storage LLC · 17 yrs held
Monmouth Mini Storage LLC
since 2009
1 recorded transaction
Zoning & alternative use
IP · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Park (IP) Zone. The industrial park (IP) zone is intended to accomplish the following purposes: (a) To define and protect areas for manufacturing and related industrial activities; (b) To ensure that such activities are developed and maintained so as to be compatible with immediately surrounding land uses and the general community; (c) To provide…
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
27.58 ac
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 Monmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monmouth 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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,320,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±10%
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
$16 / 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
$23,357
Tax year 2023
Assessed value
$1,282,080
Assessed 2023
Previous assessed
$1,244,740
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$101,900
Assessed improvement
$1,180,180
Land market value
$434,160
Improvement market value
$2,738,560
Total market value
$3,172,720
Applied tax rate
1,347.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Total area
53,880 SF
Lot
5 ac (217,800 SF)
Zoning code
IP
APN
08430-CC-05100
UPID
US71-0713283
Jurisdiction
POLK
Zoning & alternative use
IP · Monmouth, ORZoning IP · permitted uses
IP · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Park (IP) Zone. The industrial park (IP) zone is intended to accomplish the following purposes: (a) To define and protect areas for manufacturing and related industrial activities; (b) To ensure that such activities are developed and maintained so as to be compatible with immediately surrounding land uses and the general community; (c) To provide standards and review procedures by which such compatibility can be assured. (3) General Industrial (GI) Zone. The general industrial (GI) zone is intended to: (a) Provide land for and encourage the grouping together of warehousing, manufacturing, and other industrial uses; (b) Ensure that such activities are developed and maintained so as to be compatible with immediately surrounding land uses and the general community; (c) Provide standards and review procedures by which such compatibility can be assured. ( Ord. 1408
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
27.58 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1987
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
Monmouth Mini Storage LLC
Entity
Free & Clear · 17 yrs held
Mailing address
555 GWINN ST E, MONMOUTH, OR 97361-1545
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2009
—
Monmouth Mini Storage LLC
Monmouth Mini Storage
Quit Claim 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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