Financial
Distress signals
Property profile

215 Galice Rd Merlin, OR 97532

FOR SALE
Retail space
Property ID
US71-0595751
1,884 SF 0.6 ac lot Built 1974
Last sale Jun 2020 · $205,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial site in Merlin, Oregon on a 0.6-acre lot. It was previously used as a garden and grow store and includes an active OLCC retail license; the space is not currently operating as a dispensary. The interior build-out intended for dispensary use is unfinished, leaving an area that can be completed or reconfigured for other commercial purposes. The building also includes an upstairs livable area that could support on-site management or residential use. The site is positioned for customer access and visibility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$913
Tax billed · 2023
Assessed value$135k
Effective rate0.68%

Value estimate

· Sep 2026
$180k
$162k – $198k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 3.70% cap applied$13k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$50 – $117

Cap rate analysis

How does the asset earn?
3.70%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC
COMMUNITY COMMERCIAL CC COMMUNITY TOURIST COMMERCIAL CTC COMMUNITY COMMERCIAL CENTER CCC COMMUNITY LIGHT INDUSTRIAL CLI COMMUNITY INDUSTR...
General categoryCIVIC_INSTITUTIONAL
JurisdictionJOSEPHINE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.0
Building Supply10.9
Pharmacy9.2

Location

215 Galice Rd Merlin, OR 97532
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 8 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
120 Galice, Merlin, OR 97532-9703 $440,000 Feb 2025 4,792 SF
184 Galice, Merlin, OR 97532-9703 $425,000 Feb 2024 2,040 SF
100 Galice, Merlin, OR 97532-9703 $310,000 Mar 2023 9,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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