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Property profile & analytics
OFF-MARKET
Estimated value
$5,565,000
Assisted living facilities
504 Gwinn E St, Monmouth, OR 97361-1571
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0654618
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
48,242 SF
Lot
2.32 ac (101,059 SF)
Zoning code
CH
APN
08430-CB-00100
UPID
US71-0654618
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
-
Heron Pointe Senior Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.57M
Owner & transaction history
Monmouth Al LLC · 1 yrs held
Monmouth Al LLC
since 2024
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
CH · Monmouth, 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 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
$5,565,000
ML approach
$5,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,850,000
Change: 0% · Conversion: Difficult
RESTAURANT
$6,555,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$5,955,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,460,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,355,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.57M
Range $5.01M – $6.12M · ±10% · vs last sale $5.57M (Nov 1 2024)
Last sale anchor
$5.57M
Nov 1 2024
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
$115 / 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
$106,338
Tax year 2023
Assessed value
$5,836,850
Assessed 2023
Previous assessed
$5,666,850
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$484,140
Assessed improvement
$5,352,710
Land market value
$722,780
Improvement market value
$7,213,250
Total market value
$7,936,030
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Heating
NONE
Total area
48,242 SF
Lot
2.32 ac (101,059 SF)
Zoning code
CH
APN
08430-CB-00100
UPID
US71-0654618
Jurisdiction
POLK
Zoning & alternative use
CH · Monmouth, OR
Zoning CH · permitted uses
CH · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$6.9M
RESTAURANT
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1998
Heating
NONE
Lot
2.32 ac
Current owner
From public records · entity-resolved
Monmouth Al LLC
Entity
Mailing address
1505 S HOWARD AVE, TAMPA, FL 33606-3127
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
$5,566,113
Monmouth Al LLC
Bre Knight Sh Or Owner LLC
Special Warranty Deed
—
Apr 6, 2017
$7,706,344
Bre Knight Sh Or Owner LLC
Hcp Sh Elp2 Properties LLC
Grant Deed
$636,249,000 · Keybank USA
Nov 15, 2012
$9,718,750
Hcp Sh Elp2 Properties LLC
Bre Of Sw Heron Pointe LLC
Grant Deed
—
Sep 15, 2010
—
Bre Of Sw Heron Pointe Cottages L
—
Deed Of Trust
related
$1,329,513 · Selco Community Cu
Aug 17, 2010
—
Bre Of Sw Heron Pointe LLC
Stayton Sw Assisted Living LLC
Grant Deed
related
—
Jul 25, 2005
—
Heron Pointe II LLC
—
Deed Of Trust
related
$1,342,500 · Selco Community Cu
Mar 4, 2005
$3,665,425
Owner Name Unavailable
Heron Pt Ret & Astd Lvg Res Ll
Warranty Deed
related
—
Dec 30, 2004
$3,665,425
Overlook Redwood LLC
Heron Pointe Retirement & Assi
Grant Deed
—
Jul 7, 1994
$84,500
Charles C Caldwell
Unknown
Grant Deed
—
—
—
Heron Pointe II LLC
—
Deed Of Trust
related
—
—
—
Heron Pointe Retirement
—
Deed Of Trust
related
$4,339,711 · Berkadia Commercial Mortgage
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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