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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
834 Monmouth St Ste 4, Independence, OR 97351-1522
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0219476
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
7,550 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CH
APN
08428-BB-05900
UPID
US71-0219476
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
$736k
Blend (final)
Blend
$535k
Owner & transaction history
Istvan Gal · 9 yrs held
Istvan Gal
since 2016
7 recorded transactions
Zoning & alternative use
CH · Independence, 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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$71 / 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
$4,126
Tax year 2023
Assessed value
$215,630
Assessed 2023
Previous assessed
$209,350
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$63,590
Assessed improvement
$152,040
Land market value
$148,380
Improvement market value
$375,540
Total market value
$523,920
Applied tax rate
1,303.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Buildings
2
Stories
2
Rooms
9
Bathrooms
2
Total area
7,550 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CH
APN
08428-BB-05900
UPID
US71-0219476
Jurisdiction
POLK
Zoning & alternative use
CH · Independence, OR
Zoning CH · permitted uses
CH · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
2
Buildings
2
Rooms
9
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Istvan Gal
Individual
Mailing address
164 C ST, INDEPENDENCE, OR 97351-2044
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Istvan Gal
—
Deed
related
$416,000 · John And Cathleen Wendel Revocable Livin
Sep 15, 2016
$225,000
Istvan Gal
Walz,francis V & Alene D M
Warranty Deed
related
$370,000 · Meb Investments LLC
Oct 24, 2008
$193,000
Istvan Gal
Beneficial Oregon INC
Grant Deed
—
Mar 12, 2008
$185,781
Beneficial Oregon INC
Regional Trustee Services Corp
Trustees Deed
related
—
Mar 27, 2006
—
Robert T Gray
Braunschweig,louis E
Quit Claim Deed
related
—
Mar 13, 1989
$35,000
Chris Koppenstein
Unknown
Grant Deed
—
—
—
Chris Koppenstein
—
Deed Of Trust
related
$276,000 · Beneficial Mortgage 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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