Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
1002 Elm Ave Hermiston, OR 97838-2711
Individually Owned
8-yr Hold
Free & Clear
Property ID
US71-0572951
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Total area
3,640 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
4N2803C000801
UPID
US71-0572951
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
-
Anton Lynn Alder Alternative Medicine Practice
-
Anton L Alder, ND Alternative Medicine Practice
-
Peterson Clinic Alternative Medicine Practice
-
Dr. Trent Teegarden Alternative Medicine Practice
-
Kenzie Maloy Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$515k
Owner & transaction history
Kritopher B Peterson · 8 yrs held
Kritopher B Peterson
since 2017
1 recorded transaction
Zoning & alternative use
C-2 · Hermiston, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$550,000
+41.5%
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 Hermiston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermiston 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
Method
Estimation
Statistic approach
by Request
ML approach
$325,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$390,000
Current use
OFFICE BUILDING
$550,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$370,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$10,516
Tax year 2023
Assessed value
$494,880
Assessed 2023
Previous assessed
$480,470
+3.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$175,350
Assessed improvement
$319,530
Land market value
$301,630
Improvement market value
$269,940
Total market value
$571,570
Applied tax rate
801.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Heating
NONE
Total area
3,640 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
4N2803C000801
UPID
US71-0572951
Jurisdiction
UMATILLA
Zoning & alternative use
C-2 · Hermiston, OR
Zoning C-2 · permitted uses
C-2 · Hermiston, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermiston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$390,000
OFFICE BUILDING
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$370,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Lot
1.48 ac
Current owner
From public records · entity-resolved
Kritopher B Peterson
Individual
Free & Clear · 8 yrs held
Mailing address
80863 COONEY LN, HERMISTON, OR 97838-6648
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2017
—
Kritopher B Peterson
Marjory J Peterson
Intrafamily Transfer
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1002 Elm Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
