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Property profile & analytics
OFF-MARKET
Estimated value
$18,365,000
Apartment buildings
650 White Oak Cir 101 Independence, OR 97351-8611
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-0943419
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2009
Total area
201,840 SF
Lot
15.43 ac (672,131 SF)
Zoning code
RM
APN
08420-C0-00201
UPID
US71-0943419
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
$18.37M
Owner & transaction history
Kbt13 Legacy LLC
Kbt13 Legacy LLC
since 2025
7 recorded transactions
Zoning & alternative use
RM · Independence, 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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$26,685,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$18.37M
Range $16.53M – $20.20M · ±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
$91 / 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
$245,765
Tax year 2023
Assessed value
$12,889,400
Assessed 2023
Previous assessed
$12,513,990
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$991,720
Assessed improvement
$11,897,680
Land market value
$2,557,880
Improvement market value
$26,040,060
Total market value
$28,597,940
Applied tax rate
1,321.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
197
Stories
1
Rooms
4
Bathrooms
1
Total area
201,840 SF
Lot
15.43 ac (672,131 SF)
Zoning code
RM
APN
08420-C0-00201
UPID
US71-0943419
Jurisdiction
POLK
Zoning & alternative use
RM · Independence, OR
Zoning RM · permitted uses
RM · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$26.7M
RETAIL STORES
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
2009
Heating
NONE
Stories
1
Buildings
197
Rooms
4
Bathrooms
1
Lot
15.43 ac
Current owner
From public records · entity-resolved
Kbt13 Legacy LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15831 HARLEY AVE, OREGON CITY, OR 97045-1241
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Aug 1, 2025
$955,396
Kbt13 Legacy LLC
Cdh Legacy Oaks LLC
Special Warranty Deed
—
Sep 14, 2016
—
Invest-legacy LLC
Invest-wright LLC
Quit Claim Deed
$14,400,000 · M&t Rlty Cap
Apr 5, 2016
$292,480
Invest-legacy LLC
Rbv7 Properties LLC
Warranty Deed
—
Dec 31, 2013
$14,700,000
Prt Investors LLC
Legacy Oaks LLC
Warranty Deed
$11,700,000 · First Technology Federal Cu
Jan 28, 2009
—
Legacy Oaks LLC
—
Grant Deed
related
$11,109,000 · Wells Fargo Bank
Mar 25, 2008
—
Legacy Oaks LLC
Slayden Construction Group INC
Grant Deed
related
—
May 16, 2007
$675,000
Slayden Construction Group INC
Martino,don & Delores
Warranty Deed
—
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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