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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Apartment buildings
600 Ml St Sheridan, OR 97378-1600
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1842803
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
3.7 ac (161,172 SF)
Zoning code
R3
APN
R5635CB 03801
UPID
US71-1842803
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
-
Chardonnay LLC Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Eplin Land LLC · 4 yrs held
Eplin Land LLC
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
R3 · Sheridan, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R3 District is to provide areas for a mixture of single-family, two-family (duplex), multifamily, manufactured homes, and limited retail and service commercial uses.
Zone name
High Density Residential
General category
COMMERCIAL
Zone area
101.75 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 Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan 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
$2,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $3.30M (Jan 11 2022)
Last sale anchor
$3.30M
Jan 11 2022
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
$39,961
Tax year 2023
Assessed value
$3,115,962
Assessed 2023
Previous assessed
$3,025,206
+3.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$967,032
Improvement market value
$9,600,033
Total market value
$10,567,065
Applied tax rate
48.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
3.7 ac (161,172 SF)
Zoning code
R3
APN
R5635CB 03801
UPID
US71-1842803
Jurisdiction
YAMHILL
Zoning & alternative use
R3 · Sheridan, ORZoning R3 · permitted uses
R3 · Sheridan, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R3 District is to provide areas for a mixture of single-family, two-family (duplex), multifamily, manufactured homes, and limited retail and service commercial uses.
Zone name
High Density Residential
General category
COMMERCIAL
Zone area
101.75 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
3.7 ac
Current owner
From public records · entity-resolved
Eplin Land LLC
Entity
Mailing address
SAN LEANDRO, CA 94578
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
—
Eplin Land LLC
—
Deed
related
$2,400,000 · Wells Fargo Bank NA
Jan 11, 2022
—
Eplin Land LLC
Thomas M Eplin
Intrafamily Transfer
related
—
Apr 23, 2012
—
Thomas M Eplin
—
Deed Of Trust
related
$2,250,000 · Union Bank
May 9, 2006
$3,300,000
Thomas M Eplin
Mcbride,kenneth D
Warranty Deed
$2,300,000 · Citibank Fsb
May 1, 2006
—
Kenneth D Mcbride
Chardonnay Apartments LLC
Grant Deed
related
—
Apr 24, 2006
—
Kenneth D Mcbride
Chardonnay Apartments LLC
Grant Deed
—
Sep 23, 1997
—
Chardonnay Apartments LLC
Duncan,douglas J
Grant Deed
related
—
Oct 15, 1996
$195,000
Chardonnay Apartments LLC
Watson,william H & Janet I
Grant Deed
—
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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