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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
94 Main St, Independence, OR 97351-2003
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0509368
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1959
Total area
5,844 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CR
APN
08428-BA-00300
UPID
US71-0509368
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
-
Krispy Krunchy Chicken Restaurant
-
7 Star Convenience Store Grocery & Convenience Store
-
Mexico Transfer Inc Bank Credit Union
-
BluTaco Restaurant
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
Arpan & Arvin LLC 7 · 6 yrs held
Arpan & Arvin LLC 7
since 2019
6 recorded transactions
Zoning & alternative use
CR · 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
—
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
$3,716
Tax year 2023
Assessed value
$194,230
Assessed 2023
Previous assessed
$188,580
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$51,860
Assessed improvement
$142,370
Land market value
$128,460
Improvement market value
$296,480
Total market value
$424,940
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1959
Heating
NONE
Total area
5,844 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CR
APN
08428-BA-00300
UPID
US71-0509368
Jurisdiction
POLK
Zoning & alternative use
CR · Independence, OR
Zoning CR · permitted uses
CR · 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
1959
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Arpan & Arvin LLC 7
Entity
Mailing address
94 S MAIN ST, INDEPENDENCE, OR 97351-2003
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
—
Arpan & Arvin LLC 7
—
Deed
related
$1,000,000 · Selco Community Cu
Aug 27, 2019
—
Arpan & Arvin LLC 7
Salah R Hagag
Warranty Deed
$1,049,000 · Readycap Lndg
Jan 21, 2000
$140,000
Salah R Haga
Moothart,john L & Laura H
Grant Deed
—
Jul 15, 1994
$140,000
John Moothart
Unknown
Grant Deed
—
—
—
Salah R Hagag
—
Deed Of Trust
related
$80,000 · First Security Bank
—
—
Salah R Hagag
—
Deed Of Trust
related
$50,000 · 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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