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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Apartment buildings
775 Knox N St 61, Monmouth, OR 97361-1127
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0643605
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Total area
6,528 SF
Lot
0.3 ac (13,068 SF)
Zoning code
RH
APN
08419-CC-00600
UPID
US71-0643605
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
$1.04M
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$915k
Owner & transaction history
Monmouth Re LLC · 5 yrs held
Monmouth Re LLC
since 2021
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
RH · Monmouth, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+31.0%
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 Monmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monmouth 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
$915,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,015,000
Current use
OFFICE BUILDING
$1,330,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$865,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $900k (Apr 9 2021)
Last sale anchor
$900k
Apr 9 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
$140 / 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
$6,977
Tax year 2023
Assessed value
$380,720
Assessed 2023
Previous assessed
$369,640
+3.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$58,800
Assessed improvement
$321,920
Land market value
$151,900
Improvement market value
$784,920
Total market value
$936,820
Applied tax rate
1,302.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Heating
NONE
Buildings
8
Total area
6,528 SF
Lot
0.3 ac (13,068 SF)
Zoning code
RH
APN
08419-CC-00600
UPID
US71-0643605
Jurisdiction
POLK
Zoning & alternative use
RH · Monmouth, OR
Zoning RH · permitted uses
RH · Monmouth, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1966
Heating
NONE
Buildings
8
Lot
0.3 ac
Current owner
From public records · entity-resolved
Monmouth Re LLC
Entity
Mailing address
22265 SW TAYLORS DR, TUALATIN, OR 97062-7043
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
—
Monmouth Re LLC
—
Deed
related
$232,000 · Maps Cu
Apr 9, 2021
$900,000
Monmouth Re LLC
Richard W Pearson
Warranty Deed
$675,000 · Maps Cu
Apr 30, 2019
—
Pearson Trust
Pearson,linda S
Affidavit Of Death
related
—
Aug 22, 2016
—
Pearson Trust
Pearson,richard W & Linda S
Quit Claim Deed
related
—
Sep 19, 2008
$450,000
Larry Thompson
Holley,daniel B & Mary L
Warranty Deed
—
Nov 14, 2003
$277,500
Daniel B Holley
Orange,tr
Grant Deed
$220,000 · Washington Federal Savings
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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