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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Gas stations
516 3rd St Lafayette, OR 97127
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0972687
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1928
Total area
911 SF
Lot
0.37 ac (15,943 SF)
Zoning code
C1
APN
R4306CC 08900
UPID
US71-0972687
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
-
ATM (Roberts Shell LLC) Atm
-
76 Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
Thandi And Virk Properties LLC · 1 yrs held
Thandi And Virk Properties LLC
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C1 · Lafayette, 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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
$3,300,000
ML approach
$3,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.30M (Oct 31 2024)
Last sale anchor
$3.30M
Oct 31 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
$3,622 / 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
$6,018
Tax year 2023
Assessed value
$408,403
Assessed 2023
Previous assessed
$396,508
+3.0% YoY
Effective rate
1.47%
On assessed value
Land market value
$284,549
Improvement market value
$1,364,927
Total market value
$1,649,476
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
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
911 SF
Lot
0.37 ac (15,943 SF)
Zoning code
C1
APN
R4306CC 08900
UPID
US71-0972687
Jurisdiction
YAMHILL
Zoning & alternative use
C1 · Lafayette, OR
Zoning C1 · permitted uses
C1 · Lafayette, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Thandi And Virk Properties LLC
Entity
Mailing address
638 N EDGEWOOD LN, EAGLE, ID 83616-5314
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$3,300,000
Thandi And Virk Properties LLC
Solid Rock Realty LLC
Warranty Deed
$3,550,000 · Pcb Bank
Jan 29, 2020
$3,000
State Of Or
Solid Rock Realty LLC
Warranty Deed
—
Apr 9, 2015
$1,335,000
Solid Rock Realty LLC
Robert Shell LLC
Warranty Deed
$950,000 · Oregon Pacific Bank
Jan 8, 2004
—
Roberts Shell LLC
Roberts,daniel L & Taunja A
Quit Claim Deed
related
$466,500 · Wells Fargo Bank
Mar 19, 2002
$62,500
Daniel L Roberts
Ware,gordon K
Grant Deed
$43,750 · First Federal S & L Mcmin
Sep 12, 1997
$37,500
Gordon K Ware
Ramsey,lois T
Grant Deed
$27,500 · Seller
Nov 1, 1987
—
Lois T Ramsey
Unknown
Grant Deed
related
—
—
—
Roberts Shell LLC
—
Loan Modification
related
$405,530 · Wells Fargo Bk
—
—
Roberts Shell LLC
—
Deed Of Trust
related
$294,000 · Cascades West Fin'l Svcs INC
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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