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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
608 B St, Rainier, OR 97048
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0693009
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1983
Total area
2,162 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RN:R-3
APN
7216-BC-05900
UPID
US71-0693009
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
-
Northwest Family Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Strong Nw Properties LLC · 1 yrs held
Strong Nw Properties LLC
since 2025
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
RN:R-3 · Rainier, 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 Rainier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rainier 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
$580,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Mar 24 2025)
Last sale anchor
$575k
Mar 24 2025
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
$266 / SF
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
$6,027
Tax year 2023
Assessed value
$340,900
Assessed 2023
Previous assessed
$330,980
+3.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$119,130
Assessed improvement
$221,770
Land market value
$120,450
Improvement market value
$242,160
Total market value
$362,610
Applied tax rate
3.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Total area
2,162 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RN:R-3
APN
7216-BC-05900
UPID
US71-0693009
Jurisdiction
COLUMBIA
Zoning & alternative use
RN:R-3 · Rainier, OR
Zoning RN:R-3 · permitted uses
RN:R-3 · Rainier, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rainier. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Strong Nw Properties LLC
Entity
Mailing address
PO BOX 1029, RAINIER, OR 97048-1029
Ownership since
2025
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
Mar 24, 2025
$575,000
Strong Nw Properties LLC
Evans Group LLC
Warranty Deed
$460,000 · Umpqua Bank
Jul 15, 2016
—
Evans Group LLC
—
Deed
related
$241,000 · Red Canoe Cu
—
—
Evans Group LLC
—
Deed Of Trust
related
$63,000 · Us Bank NA
—
—
Evans Group LLC
—
Deed Of Trust
related
$240,900 · Red Canoe Cu
—
—
Evans Group LLC
—
Deed Of Trust
related
$187,000 · Us Bank NA
—
—
Evans Group LLC
—
Deed Of Trust
related
$250,000 · Us Bank Trust Co
—
—
Evans Group LLC
—
Loan Modification
related
$241,000 · Red Canoe Cu
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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