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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Retail space
546 3rd St Mcminnville, OR 97128-6213
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0012176
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.14 ac (5,998 SF)
Zoning code
C3
APN
R4421BC 09700
UPID
US71-0012176
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
-
Elena's Wine Bar Bar & Pub
-
R J Studio Photography Service (Bike/Boat/Book/etc) Store
-
Hidden Treasures (Bike/Boat/Book/etc) Store Home Decor Store
-
Acorn to Oak Wine Experience Bar & Pub
-
The RJ Art Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Abraham Hanson · 3 yrs held
Abraham Hanson
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C3 · Mcminnville, 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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$2,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (May 16 2023)
Last sale anchor
$1.80M
May 16 2023
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
—
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
$6,882
Tax year 2023
Assessed value
$407,155
Assessed 2023
Previous assessed
$395,296
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$172,564
Improvement market value
$1,441,464
Total market value
$1,614,028
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
0.14 ac (5,998 SF)
Zoning code
C3
APN
R4421BC 09700
UPID
US71-0012176
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Mcminnville, OR
Zoning C3 · permitted uses
C3 · Mcminnville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcminnville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Abraham Hanson
Individual
Mailing address
546 NE 3RD ST, MCMINNVILLE, OR 97128-6213
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
$1,800,000
Abraham Hanson
David P Leavitt
Special Warranty Deed
$1,600,000 · Linda Leavitt
Jun 26, 2019
—
David P Leavitt
Wright Family House LLC
Grant Deed
—
Jul 20, 2016
—
David P Leavitt
—
Deed
related
—
Dec 15, 2009
—
Wright Family House LLC
Leavitt,david P & Linda J
Warranty Deed
—
Jun 9, 2005
$779,000
David P Leavitt
Latned LLC
Warranty Deed
—
Feb 3, 2005
—
Latned LLC
Johnson,rod C
Grant Deed
—
Sep 9, 2004
—
Rod C Johnson
Picard-johnson,keely R
Quit Claim Deed
related
$450,000 · First Federal Savings Bank
Aug 6, 1999
$100,000
Harry E Jeffery
Klinhill
Grant Deed
—
Jan 2, 1997
$189,000
Rod C Johnson
Jeffery,harry E & Judith A
Grant Deed
—
—
—
David P Leavitt
—
Loan Modification
related
$757,481 · Us Bk
—
—
David P Leavitt
—
Loan Modification
related
—
—
—
David P Leavitt
—
Loan Modification
related
—
—
—
David P Leavitt
—
Deed Of Trust
related
—
—
—
Leavitt,david P & Linda J
—
Loan Modification
related
—
—
—
David P Leavitt
—
Deed Of Trust
related
—
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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