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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Office buildings
512 Main St E Ste 100 Monmouth, OR 97361-2370
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0501709
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
6,710 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CR
APN
08430-BC-00500
UPID
US71-0501709
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
$2.35M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.35M
Owner & transaction history
Shatel Properties INC · 2 yrs held
Shatel Properties INC
since 2024
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
CR · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CR Zone. The purpose of the commercial retail (CR) zone is to define and protect areas suitable for the development of a wide range of retail commercial facilities and services. (4) CRT Zone. The purpose of the commercial retail transitional (CRT) zone is to define areas suitable for the development of a wide range of mixed commercial and/or residential uses…
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
14.29 ac
Top alternative use upside
Commercial (general)
$2.9M
+114.6%
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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
$1,645,000
6.5%
$1,515,000
7%
$1,410,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,935,000
Change: +115% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Jan 19 2024)
Last sale anchor
$2.35M
Jan 19 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
$350 / 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
$16,202
Tax year 2023
Assessed value
$889,340
Assessed 2023
Previous assessed
$863,440
+3.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$152,610
Assessed improvement
$736,730
Land market value
$253,700
Improvement market value
$1,219,760
Total market value
$1,473,460
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
3
Total area
6,710 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CR
APN
08430-BC-00500
UPID
US71-0501709
Jurisdiction
POLK
Zoning & alternative use
CR · Monmouth, ORZoning CR · permitted uses
CR · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CR Zone. The purpose of the commercial retail (CR) zone is to define and protect areas suitable for the development of a wide range of retail commercial facilities and services. (4) CRT Zone. The purpose of the commercial retail transitional (CRT) zone is to define areas suitable for the development of a wide range of mixed commercial and/or residential uses, facilities, and services. The CRT zone is considered a transitional zone in that uses are expected to gradually evolve from predominantly residential to predominantly commercial. ( Ord. 1408
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
14.29 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.9M
COMMERCIAL (GENERAL)
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
2007
Heating
NONE
Buildings
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Shatel Properties INC
Entity
Mailing address
PO BOX 217, BROWNSVILLE, OR 97327-0217
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$2,350,000
Shatel Properties INC
Marval Investment Co
Warranty Deed
$690,000 · Marval Investment Co
Mar 24, 2016
—
Marval Investment Co
Morris,chris
Warranty Deed
$1,325,000 · Oregon St Cu
Mar 5, 2008
—
512 Main LLC
—
Trustees Deed
related
—
Mar 1, 2007
—
512 Main LLC
—
Trustees Deed
related
$990,000 · Us Bank Trust Co
Dec 14, 2006
—
512 Main LLC
White,keith A
Warranty Deed
$270,000 · American Exchange Services INC
—
—
512 Main LLC
—
Deed Of Trust
related
$50,000 · Us Bank NA
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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