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Property profile & analytics
OFF-MARKET
Office Spaces
687 15th St Corvallis, OR 97333-4840
Individually Owned
1-yr Hold
Free & Clear
Property ID
US71-1771540
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1977
Total area
1,500 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU-2
APN
12503AA05100
UPID
US71-1771540
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
-
Mr. Nice Guy Marijuana Dispensary Corvallis 15th St (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Filipek Roth 401 K Plan · 1 yrs held
Filipek Roth 401 K Plan
since 2025
3 recorded transactions
Zoning & alternative use
CMU-2 · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be appropriate in other areas as well
Zone name
Commercial Mixed Use 2
General category
MIXED_USE
Zone area
294.51 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,315
Tax year 2023
Assessed value
$172,587
Assessed 2023
Previous assessed
$167,560
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$260,000
Improvement market value
$269,306
Total market value
$529,306
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
1977
Heating
NONE
Stories
1
Total area
1,500 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CMU-2
APN
12503AA05100
UPID
US71-1771540
Jurisdiction
BENTON
Zoning & alternative use
CMU-2 · Corvallis, ORZoning CMU-2 · permitted uses
CMU-2 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be appropriate in other areas as well
Zone name
Commercial Mixed Use 2
General category
MIXED_USE
Zone area
294.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Filipek Roth 401 K Plan
Individual
Free & Clear · 1 yrs held
Mailing address
35555 KENAI SPUR HWY #369, SOLDOTNA, AK 99669-7674
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
—
Filipek Roth 401 K Plan
Filipek 401 K Plan
Bargain & Sale Deed
—
Jan 6, 2017
—
Filipek 401 K P & Trust
Filipek Dbpp Of Tr
Quit Claim Deed
related
—
Sep 15, 2008
$221,000
Defined Befenit Pp Filipek
Woods Robert W
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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