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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Office Spaces
620 Van Buren Ave Ste 8 Corvallis, OR 97330-4846
Entity Owned
2-yr Hold
Free & Clear
Property ID
US71-1900443
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Total area
7,726 SF
Lot
0.2 ac (8,712 SF)
Zoning code
RS-9
APN
11535CA13300
UPID
US71-1900443
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
$2.05M
Owner & transaction history
City Of Corvallis · 2 yrs held
City Of Corvallis
since 2024
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
RS-9 · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone implements the Medium Density Residential Comprehensive Plan designation. It is intended to provide areas where Single Detached, Duplex, Triplex, Fourplex, Townhouses, and Cottage Clusters may be constructed under various ownership patterns
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
741.80 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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$1,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10% · vs last sale $2.13M (Mar 25 2024)
Last sale anchor
$2.13M
Mar 25 2024
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
$265 / 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
$11,394
Tax year 2023
Assessed value
$593,226
Assessed 2023
Previous assessed
$575,948
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$237,573
Improvement market value
$750,407
Total market value
$987,980
Applied tax rate
901.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
7,726 SF
Lot
0.2 ac (8,712 SF)
Zoning code
RS-9
APN
11535CA13300
UPID
US71-1900443
Jurisdiction
BENTON
Zoning & alternative use
RS-9 · Corvallis, ORZoning RS-9 · permitted uses
RS-9 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone implements the Medium Density Residential Comprehensive Plan designation. It is intended to provide areas where Single Detached, Duplex, Triplex, Fourplex, Townhouses, and Cottage Clusters may be constructed under various ownership patterns
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
741.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
City Of Corvallis
Entity
Free & Clear · 2 yrs held
Mailing address
620 NW VAN BUREN AVE, CORVALLIS, OR 97330-4879
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2024
$2,132,160
City Of Corvallis
Richter Ellias
Warranty Deed
—
May 28, 2021
$1,750,000
Elias Richter
Van Buren Court LLC
Warranty Deed
—
Sep 30, 2014
—
Van Buren Court LLC
Westland,elizabeth A
Grant Deed
related
—
Jun 11, 2012
—
Elizabeth A Westland
Westland,john T
Quit Claim Deed
related
—
Jan 26, 2006
$503,250
John T Westland
Ovregaard Family
Warranty Deed
$377,440 · Imperial Capital Bank
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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