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Property profile & analytics
OFF-MARKET
Estimated value
$6,155,000
Apartment buildings
611 Blaine St A103, Newberg, OR 97132-3329
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1834438
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1901
Total area
1,952 SF
Lot
1.98 ac (86,249 SF)
Zoning code
R3
APN
R3219DB 00100
UPID
US71-1834438
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
-
Newberg Plumbing Services Plumbing Service General Contractor
-
Chehalem Creek Apartments 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
$6.16M
Owner & transaction history
Blaine Street Apartments LLC · 4 yrs held
Blaine Street Apartments LLC
since 2022
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
R3 · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$5,365,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.16M
Range $5.54M – $6.77M · ±10% · vs last sale $6.55M (Jun 21 2022)
Last sale anchor
$6.55M
Jun 21 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
$3,153 / 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
$42,076
Tax year 2023
Assessed value
$2,646,338
Assessed 2023
Previous assessed
$2,569,260
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$1,293,732
Improvement market value
$4,691,684
Total market value
$5,985,416
Applied tax rate
29.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1901
Heating
NONE
Bathrooms
1
Total area
1,952 SF
Lot
1.98 ac (86,249 SF)
Zoning code
R3
APN
R3219DB 00100
UPID
US71-1834438
Jurisdiction
YAMHILL
Zoning & alternative use
R3 · Newberg, OR
Zoning R3 · permitted uses
R3 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Heating
NONE
Bathrooms
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Blaine Street Apartments LLC
Entity
Mailing address
105 S PARKVIEW DRB, NEWBERG, OR 97132-3223
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
—
Blaine Street Apartments LLC
—
Deed
related
$3,930,000 · First Republic Bank
Jun 21, 2022
$6,550,000
Blaine Street Apartments LLC
Li Ren Equity LLC
Warranty Deed
—
Nov 12, 2019
—
Li Ren Equity LLC
—
Deed
related
$2,797,500 · Umpqua Bk
May 8, 2014
$2,030,000
Li Ren Equity LLC
Chehalem Creek Apartments LLC
Warranty Deed
$1,421,000 · Jpmorgan Chase Bank NA
Apr 16, 2008
—
Chehalem Creek Apartments LLC
Wall Pauline B Trust
Warranty Deed
related
—
May 14, 2007
$2,175,000
Pauline B Wall
Charles Porchia
Warranty Deed
$1,271,805 · Washington Federal Savings
Sep 1, 2005
$2,100,000
Charles R Porchia
Danna Properties LLC
Warranty Deed
$1,300,000 · Washington Federal Savings
Oct 22, 1999
—
Danna Properties LLC
Hyndman,daniel & Anna
Grant Deed
related
—
Sep 3, 1999
$1,850,000
Daniel Hyndman
Darm-nb LLC
Grant Deed
—
Jul 31, 1996
—
Darm-nb LLC
Miller,richard R
Grant Deed
$1,200,000 · First Security Bank Oregon
—
—
Li Ren Equity LLC
—
Deed Of Trust
related
$2,797,500 · Umpqua Bk
Jan 1, 1957
—
George W Rattay
Unknown
Grant Deed
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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