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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
604 Railroad St, Brookings, OR 97415-9256
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-1578852
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1971
Total area
2,601 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C3
APN
4113-06DA-05701
UPID
US71-1578852
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
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
Joseph Michael Geraldo · 3 yrs held
Joseph Michael Geraldo
since 2023
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
C3 · Brookings, 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 Brookings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brookings 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
$2,334
Tax year 2023
Assessed value
$246,910
Assessed 2023
Previous assessed
$239,720
+3.0% YoY
Effective rate
0.95%
On assessed value
Land market value
$58,030
Improvement market value
$274,790
Total market value
$332,820
Applied tax rate
171.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1971
Total area
2,601 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C3
APN
4113-06DA-05701
UPID
US71-1578852
Jurisdiction
CURRY
Zoning & alternative use
C3 · Brookings, OR
Zoning C3 · permitted uses
C3 · Brookings, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brookings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Lot
0.09 ac
Current owner
From public records · entity-resolved
Joseph Michael Geraldo
Individual
Mailing address
1205 ROWLAND LN, BROOKINGS, OR 97415-9068
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
$300,000
Joseph Michael Geraldo
David L Mcmaster
Warranty Deed
—
Jun 25, 2008
$400,000
The Health Shop LLC
Hemlock Development LLC
Warranty Deed
$93,000 · Gwendolyn Dath
Apr 2, 2008
—
Hemlock Developement LLC
Hemlock Developement LLC
Intrafamily Transfer
related
—
Feb 11, 2008
—
Homelock Development LLC
Homelock Development LLC
Bargain And Sale Deed
—
Aug 29, 2007
—
Hemlock Development LLC
Noah Bruce LLC
Bargain And Sale Deed
—
Mar 9, 2007
$300,264
Noah Bruce LLC
Jean T Falco
Warranty Deed
—
Mar 10, 2005
$35,000
Noah Bruce LLC
Jean T Falco
Warranty 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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