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Property profile & analytics
OFF-MARKET
Office Spaces
531 6th St Klamath Falls, OR 97601-6207
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1908474
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2022
Total area
1,456 SF
Lot
0.11 ac (4,792 SF)
Zoning code
GC
APN
R-3809-032AD-05300-000
UPID
US71-1908474
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
-
Burke Stefanie L Law Firm
-
Klamath Falls Foot and Ankle, LLC Medical Clinic
-
Klamath Falls Foot and Ankle, LLC: Dr. Jeff Merrill, DPM, FACFAS Physician
-
Cowling Robert L Law Firm
-
Vanderhoof Ryan J Law Firm
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
Jeffrey T Merrill · 5 yrs held
Jeffrey T Merrill
since 2021
7 recorded transactions
Zoning & alternative use
GC · Klamath Falls, 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 Klamath Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Klamath Falls 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
$2,136
Tax year 2023
Assessed value
$129,160
Assessed 2023
Previous assessed
$121,749
+6.1% YoY
Effective rate
1.65%
On assessed value
Land market value
$20,130
Improvement market value
$204,110
Total market value
$224,240
Applied tax rate
14.0000
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
2022
Heating
FORCED AIR
Cooling
YES
Total area
1,456 SF
Lot
0.11 ac (4,792 SF)
Zoning code
GC
APN
R-3809-032AD-05300-000
UPID
US71-1908474
Jurisdiction
KLAMATH
Zoning & alternative use
GC · Klamath Falls, OR
Zoning GC · permitted uses
GC · Klamath Falls, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Klamath Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Lot
0.11 ac
Current owner
From public records · entity-resolved
Jeffrey T Merrill
Individual
Mailing address
1050 WILD PLUM DR, KLAMATH FALLS, OR 97601-1921
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
$220,000
Jeffrey T Merrill
Redneck Riviera Packing Company INC
Warranty Deed
$176,000 · First Interstate Bank
May 22, 2019
$175,000
Redneck Riviera Packing Co INC
Sdt Properties LLC
Warranty Deed
—
Jul 17, 2007
$280,500
Sdt Properties LLC
Lt Investment Properties LLC
Grant Deed
related
—
Apr 4, 2007
—
Lt Investment Properties LLC
Harrison,edward T & Kendall L
Warranty Deed
related
—
Feb 11, 2005
—
Edward T Harrison
American Exchange Services INC
Grant Deed
related
—
Jan 6, 2005
—
American Exchange Services INC
Blue Star Properties INC
Warranty Deed
related
—
—
—
Sdt Properties LLC
—
Deed Of Trust
related
$200,000 · South Valley Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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