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Property profile & analytics
OFF-MARKET
Assisted living facilities
803 Palmetto St Cornelius, OR 97113-6252
Individually Owned
29-yr Hold
Property ID
US71-0097831
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1995
Construction
WOOD FRAME
Total area
1,438 SF
Lot
0.16 ac (6,970 SF)
Zoning code
R7
APN
1S304CD-03000
UPID
US71-0097831
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
by Request
Owner & transaction history
David R Davis · 29 yrs held
David R Davis
since 1997
5 recorded transactions
Zoning & alternative use
R7 · Cornelius, 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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
$3,165
Tax year 2023
Assessed value
$188,810
Assessed 2023
Previous assessed
$183,320
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$203,330
Improvement market value
$221,290
Total market value
$424,620
Applied tax rate
15.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Bathrooms
2
Total area
1,438 SF
Lot
0.16 ac (6,970 SF)
Zoning code
R7
APN
1S304CD-03000
UPID
US71-0097831
Jurisdiction
WASHINGTON
Zoning & alternative use
R7 · Cornelius, OR
Zoning R7 · permitted uses
R7 · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
David R Davis
Individual
Mailing address
803 S PALMETTO ST, CORNELIUS, OR 97113-6252
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 1997
$127,900
David R Davis
Knudsen,dirk T & Darcey L
Grant Deed
$117,587 · Mellon Mortgage Co
Jun 1, 1995
—
S Homes
B B A Ventures
Quit Claim Deed
related
—
—
—
David R Davis
—
Deed Of Trust
related
$132,000 · America's Wholesale Lender
—
—
David R Davis
—
Deed Of Trust
related
$10,500 · Key Bank NA
—
—
David R Davis
—
Deed Of Trust
related
$135,500 · Commonwealth United Mtg Co
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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