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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
632 Oak Ave Klamath Falls, OR 97601-6135
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-1122686
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Total area
6,596 SF
Lot
0.36 ac (15,682 SF)
Zoning code
GC
APN
R-3809-032AD-04400-000
UPID
US71-1122686
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
-
Russian Massage Alternative Medicine Practice Spa & Massage Center
-
Adora Salon & Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$585k
Owner & transaction history
Adora Rentals LLC · 1 yrs held
Adora Rentals LLC
since 2025
Last sale
$375,000
7 recorded transactions
Zoning & alternative use
GC · Klamath Falls, 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 Klamath Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Klamath Falls 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
$400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $375k (Oct 28 2021)
Last sale anchor
$375k
Oct 28 2021
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
$89 / 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
$8,577
Tax year 2023
Assessed value
$518,580
Assessed 2023
Previous assessed
$488,820
+6.1% YoY
Effective rate
1.65%
On assessed value
Land market value
$60,400
Improvement market value
$977,780
Total market value
$1,038,180
Applied tax rate
14.0000
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
2003
Heating
NONE
Total area
6,596 SF
Lot
0.36 ac (15,682 SF)
Zoning code
GC
APN
R-3809-032AD-04400-000
UPID
US71-1122686
Jurisdiction
KLAMATH
Zoning & alternative use
GC · Klamath Falls, OR
Zoning GC · permitted uses
GC · Klamath Falls, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Klamath Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Adora Rentals LLC
Entity
Mailing address
632 OAK AVE, KLAMATH FALLS, OR 97601-6135
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
Adora Rentals LLC
A&c Management LLC
Bargain & Sale Deed
$477,000 · Pacific Crest FCU
Oct 28, 2021
$301,000
Gorilla Caital Or Pw LLC
Sweet Wolverine Management LLC
Sheriffs Deed
related
—
Jun 3, 2021
$301,000
Gorilla Capital Or Pw LLC
Sweet Wolverine Management LLC
Trustees Deed
related
—
Jul 31, 2017
—
Everett Vh & Bh INC
Everett Veterinary Hospital
Quit Claim Deed
—
Jul 31, 2017
$600,000
Sweet Wolverine Holdings LLC
Everett Vh & Bh INC
Warranty Deed
$1,140,000 · United Community Bank
Feb 26, 2008
—
Veterinary Hosp Everett
Everett,douglas R & Sheree W
Quit Claim Deed
related
—
—
—
Everett Veterinary Hospital
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Veterinary Hosp Everett
—
Deed Of Trust
related
$350,000 · Premierwest 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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