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Property profile & analytics
OFF-MARKET
Medical Office Space
869 23rd St Corvallis, OR 97330-4307
Entity Owned
23-yr Hold
Free & Clear
Property ID
US71-1921147
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
1,684 SF
Lot
0.04 ac (1,742 SF)
Zoning code
P-AO
APN
11534AA90004
UPID
US71-1921147
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
-
Dental Health PC Dental Office
-
Kendall S. Wood, DDS Dental Office
-
Dr. Matthew Schapper Dental Office
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
Dental Health Building LLC · 23 yrs held
Dental Health Building LLC
since 2003
4 recorded transactions
Zoning & alternative use
P-AO · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended to establish suitable urban areas for diversified office uses in concentrated centers and in appropriate isolated locations
Zone name
Professional And Administrative Office Zone
General category
UNKNOWN
Zone area
84.86 ac
Source
Realmo
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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
$5,974
Tax year 2023
Assessed value
$311,018
Assessed 2023
Previous assessed
$301,959
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$73,164
Improvement market value
$357,319
Total market value
$430,483
Applied tax rate
901.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Stories
1
Total area
1,684 SF
Lot
0.04 ac (1,742 SF)
Zoning code
P-AO
APN
11534AA90004
UPID
US71-1921147
Jurisdiction
BENTON
Zoning & alternative use
P-AO · Corvallis, ORZoning P-AO · permitted uses
P-AO · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended to establish suitable urban areas for diversified office uses in concentrated centers and in appropriate isolated locations
Zone name
Professional And Administrative Office Zone
General category
UNKNOWN
Zone area
84.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Dental Health Building LLC
Entity
Free & Clear · 23 yrs held
Mailing address
869 NW 23RD ST, CORVALLIS, OR 97330-4307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2003
—
Dental Health Building LLC
Wood,tr
Grant Deed
related
—
Apr 13, 1998
$175,000
Kendall S Wood
Federspiel,ronald N
Grant Deed
$243,750 · Linn-benton Bank
Jan 18, 1995
$175,000
Kendall S Wood
Federspiel,ronald N
Grant Deed
—
—
—
867 Lincoln Building LLC
—
Deed Of Trust
related
$546,700 · Pacific Cont'l 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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