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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Apartment buildings
711 Frd St, Mcminnville, OR 97128-6348
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1833182
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.2 ac (8,712 SF)
Zoning code
R4
APN
R4421CC 00100
UPID
US71-1833182
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
-
Townhomes - 6 unit building Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Averette Gems LLC · 3 yrs held
Averette Gems LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
R4 · Mcminnville, 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 Mcminnville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcminnville 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
$1,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Feb 13 2023)
Last sale anchor
$1.35M
Feb 13 2023
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
—
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
$6,684
Tax year 2023
Assessed value
$395,473
Assessed 2023
Previous assessed
$383,954
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$156,816
Improvement market value
$1,149,548
Total market value
$1,306,364
Applied tax rate
40.0000
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 (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
0.2 ac (8,712 SF)
Zoning code
R4
APN
R4421CC 00100
UPID
US71-1833182
Jurisdiction
YAMHILL
Zoning & alternative use
R4 · Mcminnville, OR
Zoning R4 · permitted uses
R4 · Mcminnville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mcminnville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Averette Gems LLC
Entity
Mailing address
1533 WHITAKER DR SE APT #130, SALEM, OR 97317-5932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Averette Gems LLC
Beauford E Averette
Intrafamily Transfer
related
—
Aug 11, 2022
$1,350,000
Beauford E Averette
Granite Real Estate LLC
Warranty Deed
$741,000 · Umpqua Bank
Oct 20, 2020
—
Ganide Real LLC
—
Deed
related
$723,000 · Oregon State Cu
Jun 5, 2019
—
Granite Real Estate
—
Deed
related
$528,000 · Umpqua Bank
Apr 15, 2019
$940,000
Granite Real Estate LLC
Stashin,matthew & Melissa
Warranty Deed
—
May 5, 2017
—
Matthew Stashin
—
Deed
related
—
Mar 27, 2007
$355,000
Matthew Stashin
Nancy R Payne
Warranty Deed
$319,500 · Pioneer Trust Bank NA
Jun 19, 1996
$274,900
Robert A Payne
Linfield College
Grant Deed
$142,200 · Seller
—
—
Matthew Stashin
—
Deed Of Trust
related
—
—
—
Matthew Stashin
—
Loan Modification
related
—
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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