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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Industrial properties
905 Main St Sta A, Independence, OR 97351-2505
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0229395
Property summary
AI-generated overview
This single-tenant industrial property, located at 905 N Main St in Independence, Oregon (zip code 97351), offers 14,160 square feet of versatile space ideal for manufacturing, warehousing, or research and development. Built in 1969 and renovated in 2016, the property boasts a 19-foot ceiling height and features three drive-in doors for convenient loading and unloading. The 0.81-acre lot provides ample space for operations and includes frontage on Highway 51, offering excellent visibility and accessibility. The building is a Class C, single-story structure with 600 Amp, 240V, 3-phase power. The property is conveniently located just 20 minutes west of Interstate 5, providing easy access to major transportation routes. Property taxes are $10.76 per square foot. The entire 14,160 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity to acquire a well-maintained industrial property in a strategic location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Total area
14,400 SF
Lot
0.81 ac (35,284 SF)
Zoning code
IL
APN
08421-B0-02500
UPID
US71-0229395
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
$1.25M
Owner & transaction history
M & C Stanley LLC · 1 yrs held
M & C Stanley LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
IL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$87 / 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
$12,707
Tax year 2023
Assessed value
$664,140
Assessed 2023
Previous assessed
$644,800
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$35,900
Assessed improvement
$628,240
Land market value
$198,110
Improvement market value
$1,192,210
Total market value
$1,390,320
Applied tax rate
1,344.0000
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
Year built
1969
Heating
NONE
Buildings
2
Total area
14,400 SF
Lot
0.81 ac (35,284 SF)
Zoning code
IL
APN
08421-B0-02500
UPID
US71-0229395
Jurisdiction
POLK
Zoning & alternative use
IL · Independence, OR
Zoning IL · permitted uses
IL · 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
Year built
1969
Heating
NONE
Buildings
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
M & C Stanley LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3230 TRIANGLE DR SE, SALEM, OR 97302-4506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
M&c Stanley LLC
—
Deed
related
$1,160,000 · Washington Trust Bank
Dec 30, 2024
$1,390,000
M & C Stanley LLC
Nathan J Levin
Warranty Deed
—
Apr 26, 2024
$675,000
Nathan J Levin
Bnm Espinoza INC
Warranty Deed
—
Aug 12, 2016
$585,000
Bnm Espinoza INC
Sandcor LLC
Warranty Deed
$210,000 · Jeff Hendricks
May 15, 2002
$277,000
Sandcor LLC
Kelly,gordon L & Sharon L
Grant Deed
—
—
—
Sandcor LLC
—
Deed Of Trust
related
$400,000 · Bank Of The West
—
—
Sandcor LLC
—
Deed Of Trust
related
$205,000 · Bank Of America
—
—
Sandcor LLC
—
Deed Of Trust
related
$230,000 · Wells Fargo Bank
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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