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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Investment properties
865 Main St, Lebanon, OR 97355-3211
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0219072
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1946
Total area
4,800 SF
Lot
0.26 ac (11,326 SF)
APN
12S 02W 11CC 02800
UPID
US71-0219072
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
-
Lebanon Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Chris Kopp Metalworks Metal Fabrication Plant Factory
-
Atomic Speed & Supply Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$675k
Owner & transaction history
West Moreland Liquid INC · 6 yrs held
West Moreland Liquid INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$615,000
+1.6%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$605,000
Current use
WAREHOUSE, STORAGE
$615,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$141 / 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
$5,894
Tax year 2023
Assessed value
$281,380
Assessed 2023
Previous assessed
$273,190
+3.0% YoY
Effective rate
2.09%
On assessed value
Land market value
$132,810
Improvement market value
$346,290
Total market value
$479,100
Applied tax rate
905.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Total area
4,800 SF
Lot
0.26 ac (11,326 SF)
APN
12S 02W 11CC 02800
UPID
US71-0219072
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$615,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1946
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
West Moreland Liquid INC
Entity
Mailing address
32900 MERRILL LN, LEBANON, OR 97355-8839
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2019
$362,500
West Moreland Liquid INC
Jeanne Callahan
Warranty Deed
$253,750 · Citizens Bank
Oct 19, 2015
$335,000
Jeanne Callahan
Clowser,gary
Warranty Deed
$250,000 · Gary Clowser
Nov 8, 2007
—
Evan Degenfelder
Degenfelder,john
Quit Claim Deed
—
Nov 8, 2007
$160,000
Gary Clowser
Degenfelder,evan
Warranty Deed
—
Oct 5, 2004
$170,000
Evan Degenfelder
Pacey,william C
Warranty Deed
$310,000 · Patricia M Gramzow
—
—
William C Pacey
—
Deed Of Trust
related
$131,991 · Key Bank NA
—
—
William C Pacey
—
Deed Of Trust
related
$30,000 · Key Bank NA
—
—
William C Pacey
—
Deed Of Trust
related
$50,654 · Key Bank NA
—
—
West Moreland Liquid INC
—
Loan Modification
related
$406,000 · Citizens Bk
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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