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    Independence, OR 97351

    • Retail properties
    • 5,150 SF
    • 0.10 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details

    Lot size
    0.10 lot acres
    Property size
    5,150 SF
    Property type
    Retail properties

    Description

    has been meticulously restored and structurally reinforced

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.185
    Latitude
    44.8533

    Comparable in this City

    • Value Estimation
      $350,000
      2,280 SF

      975 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,280 SF
      975 Main St, Independence, OR 97351-2505
      View Details
    • Value Estimation by Request
      10 SF

      Independence, OR 97351

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10 SF
      Independence, OR 97351
      View Details
    • Value Estimation
      $100,000
      2,684 SF

      587 9th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,684 SF
      587 9th St, Independence, OR 97351-1514
      View Details
    • Value Estimation
      $720,000
      10,876 SF

      4680 Independence Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,876 SF
      4680 Independence Hwy, Independence, OR 97351-9608
      View Details
    • Value Estimation
      $470,000
      5,494 SF

      890 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,494 SF
      890 Main St, Independence, OR 97351-2506
      View Details
    • Value Estimation
      $390,000
      4,800 SF

      155 Ee St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,800 SF
      155 Ee St, Independence, OR 97351-2410
      View Details

    Similar Nearby for Sale

    • $1,000,000
      5,150 SF

      OR. This historic property

      known for housing Main Street Antiques
      Independence, OR 97351
      View Details
    • $895,000
      2,750 SF

      Iconic Independence Retail Building

      Historic Charm, Multi-Tenant, High ROI
      Independence, OR 97351
      View Details
    • $1,050,000
      5,150 SF

      Historic "Belt Building" For Sale

      Iconic, renovated mixed-use building in downtown Independence, Oregon.
      144 S Main St, Independence, OR 97351
      View Details
    • $1,000,000
      5,150 SF

      OR. This historic property

      known for housing Main Street Antiques
      144 Main St, Independence, OR 97351
      View Details
    • $495,000
      0.04 Acres

      Historic Independence Office Duo

      Two renovated buildings, 100% leased.
      Monmouth St, Independence, OR 97351
      View Details
    • $1,000,000
      882,827 SF

      Independence Land Development Opportunity

      Land for residential development in Independence, Oregon.
      1089 H St, Independence, OR 97351
      View Details
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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