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Property profile & analytics
OFF-MARKET
Industrial properties
777 4th St, Mcminnville, OR 97128-4502
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0398013
Property summary
AI-generated overview
This exceptional 5,855-square-foot manufacturing building in McMinnville, Oregon, presents a compelling investment opportunity. Located just one block from the historic downtown area on 777 NE 4th St, this 1980-built, two-story steel structure sits on a 0.28-acre lot and boasts a 20-foot ceiling height. The property includes 10 paved and fenced parking spaces, along with two ADA-compliant restrooms. Significant upgrades include enhanced water service and heavy power capabilities. Currently leased to a tenant with a two-year lease remaining, including a five-year renewal option, this property offers a strong, long-term NNN lease. The M-2 zoning allows for diverse uses, presenting potential for future owner-occupancy. The property's APN is 161880, and its location in the vibrant McMinnville community, near the award-winning 3rd Street, ensures strong potential for future growth and value appreciation. This is a solid investment with a proven track record and significant upside. The property's zip code is 97128.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.28 ac (12,001 SF)
Zoning code
M1
APN
R4421BD 03200
UPID
US71-0398013
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
-
ForeLand Beer - McMinnville Brewery Production Facility Brewery & Distillery
-
Neely's Food Truck Restaurant
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
Osb2lan Mcminnville LLC · 1 yrs held
Osb2lan Mcminnville LLC
since 2025
6 recorded transactions
Zoning & alternative use
M1 · 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
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
$4,874
Tax year 2023
Assessed value
$288,372
Assessed 2023
Previous assessed
$279,973
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$167,046
Improvement market value
$337,012
Total market value
$504,058
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.28 ac (12,001 SF)
Zoning code
M1
APN
R4421BD 03200
UPID
US71-0398013
Jurisdiction
YAMHILL
Zoning & alternative use
M1 · Mcminnville, OR
Zoning M1 · permitted uses
M1 · 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
0.28 ac
Current owner
From public records · entity-resolved
Osb2lan Mcminnville LLC
Entity
Mailing address
276 EVEREST ST, GRAND JUNCTION, CO 81503-5303
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
$829,000
Osb2lan Mcminnville LLC
Gregg A Johanson
Warranty Deed
$500,000 · Pacific West Bank
Aug 30, 2019
—
Gregg A Johanson
Johnson L K Trust
Quit Claim Deed
related
—
Oct 23, 2014
—
Johnson,l K Trust
Johnson,l Kaye
Quit Claim Deed
related
—
Oct 15, 2014
—
Johnson,l Kaye Trust
Johnson,l Kaye
Quit Claim Deed
related
—
Nov 16, 2005
—
Johnson L K Trust
Johnson,l K
Quit Claim Deed
related
—
Aug 7, 2003
$220,000
L K Johnson
O K Electric Co
Grant 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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