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Financial
Distress signals
Property profile

505 Main St Hermiston, OR 97838

OFF-MARKET
Other office properties
Property ID
US71-0525454
6,370 SF 0.14 ac lot Built 1976
Last sale May 2024 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 505 E Main St in Hermiston, Oregon, this remodeled office property is configured for executive office use and includes two suites, designated Suite A and Suite B. The office layout supports occupancy of one suite or the use of both suites, and the building is arranged to allow the suites to be rented separately depending on tenant needs. The space is offered in its currently configured condition, with potential inclusion of furniture (subject to availability) to support occupancy after approval.

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.

Debts

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?
$8k
Tax billed · 2023
Assessed value$360k
Assessed land$51k
Assessed improvement$310k
Effective rate2.15%

Value estimate

· Oct 2026
$300k
$270k – $330k
CAP approach$1.02M
Submarket $/SF estimate$743k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$65 – $180
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1
The purpose of this district is to provide Central Commercial uses
General categoryCOMMERCIAL
JurisdictionUMATILLA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.0
Kitchen & Bath9.5
Smoke and Vape Shop9.5

Location

505 Main St Hermiston, OR 97838-1953
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1122 Elm, Hermiston, OR 97838-6933 $4,400,000 Jun 2024 13,423 SF
114 Main, Hermiston, OR 97838-1838 $360,000 Sep 2023 5,760 SF
236 Newport, Hermiston, OR 97838-2449 $675,000 Oct 2022 4,092 SF
408 Main, Hermiston, OR 97838-1999 $1,044,000 Apr 2022 5,220 SF
106 Gladys, Hermiston, OR 97838 $795,000 Oct 2021 8,552 SF
204 Main, Hermiston, OR 97838-1840 $265,000 Feb 2020 4,238 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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