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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Outlet malls
649 Myrtle Rd Myrtle Creek, OR 97457-9765
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-0560773
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2015
Total area
9,220 SF
Lot
1.24 ac (54,014 SF)
APN
29-05W-22CD-07201
UPID
US71-0560773
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
-
Dollar General Discount Store
-
FedEx OnSite Postal Service Courier Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.06M
Owner & transaction history
Mattru Partnership #3 · 9 yrs held
Mattru Partnership #3
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+74.2%
Commercial (general)
$1.1M
+58.0%
Office building
$1.1M
+48.3%
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 Myrtle Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Myrtle Creek 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$720,000
Current use
RESTAURANT
$1,250,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,135,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$1,065,000
Change: +48% · Conversion: Easy
INDUSTRIAL (GENERAL)
$910,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$830,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
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
$115 / 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
$17,427
Tax year 2023
Assessed value
$1,302,976
Assessed 2023
Previous assessed
$1,003,021
+29.9% YoY
Effective rate
1.34%
On assessed value
Land market value
$130,444
Improvement market value
$1,484,420
Total market value
$1,614,864
Applied tax rate
1,901.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
4
Stories
1
Total area
9,220 SF
Lot
1.24 ac (54,014 SF)
APN
29-05W-22CD-07201
UPID
US71-0560773
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$720,000
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
1
Buildings
4
Lot
1.24 ac
Current owner
From public records · entity-resolved
Mattru Partnership #3
Entity
Mailing address
655 N MTN AVE STE A, UPLAND, CA 91786-4371
Ownership since
2017
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
Jun 28, 2017
$2,498,250
Mattru Partnership #3
Cd Dg Myrtle Creek LLC
Special Warranty Deed
$1,250,000 · Oregon Pacific Bank
May 4, 2017
—
Cd Dg Myrtle Creek LLC
—
Deed
related
$1,907,277 · Sb Finco II LP
Oct 25, 2016
—
Cd Dg Myrtle Creek LLC
—
Deed
related
$1,907,277 · Sb Finco III LP
Oct 14, 2015
$413,000
Cd Dg Myrtle Creek LLC
Ferber,lonnie R & Janet M
Grant Deed
$1,907,277 · Private Individual
—
—
Lonnie R Ferber
—
Deed Of Trust
related
—
—
—
Cd Dg Myrtle Creek LLC
—
Loan Modification
related
$1,907,277 · Sb Finco III LP
—
—
Cd Dg Myrtle Creek LLC
—
Loan Modification
related
$1,907,277 · Sb Finco II LP
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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