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Property profile & analytics
OFF-MARKET
Office Spaces
520 4th St Corvallis, OR 97330-6411
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-1735256
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1910
Total area
2,148 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU-3
APN
11535DB05300
UPID
US71-1735256
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
-
Monarch On 4th Medical Clinic
-
Terra's Tastee Treats Restaurant
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
Marcus Allen Burmood · 3 yrs held
Marcus Allen Burmood
since 2023
5 recorded transactions
Zoning & alternative use
CMU-3 · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone implements the Central Business Comprehensive Plan designation, and is intended to guide the development of the Central Business District, as envisioned by the Comprehensive Plan
Zone name
Commercial Mixed Use 3
General category
MIXED_USE
Zone area
76.49 ac
Source
Realmo
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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$4,746
Tax year 2023
Assessed value
$247,095
Assessed 2023
Previous assessed
$239,898
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$205,000
Improvement market value
$276,670
Total market value
$481,670
Applied tax rate
932.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1910
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
9
Bathrooms
2
Total area
2,148 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU-3
APN
11535DB05300
UPID
US71-1735256
Jurisdiction
BENTON
Zoning & alternative use
CMU-3 · Corvallis, ORZoning CMU-3 · permitted uses
CMU-3 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone implements the Central Business Comprehensive Plan designation, and is intended to guide the development of the Central Business District, as envisioned by the Comprehensive Plan
Zone name
Commercial Mixed Use 3
General category
MIXED_USE
Zone area
76.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1910
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Marcus Allen Burmood
Individual
Mailing address
3323 NW ELMWOOD DR, CORVALLIS, OR 97330-1105
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
$505,000
Marcus Allen Burmood
Peter F Sekermestrovich
Warranty Deed
$404,000 · Peter F Sckermestrovich & Linda G S
Aug 15, 2014
$312,500
Peter F Sekermestrovich
Coons,william M & Sandra L
Grant Deed
$200,000 · Edna M Schultz
Jul 31, 2012
$250,000
William M Coons
Boire,mathew T
Warranty Deed
$200,000 · Sterling Bank
Jan 26, 1995
$120,000
Gerald W Gray Rollover Ira
Corvallis Construction INC
Grant Deed
—
—
—
Matthew T Boire
—
Deed Of Trust
related
$120,000 · Washington Mutual Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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