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    101 W Broadway Ave Milton-Freewater, OR 97862
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    Property profile & analytics

    101 W Broadway Ave Milton-Freewater, OR 97862

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    • Investment properties
    • 2,384 SF
    • 0.10 lot acres
    For Sale
    $199,000
    View Listing →
    Retail Building in Growing Community For Sale
    $199,000

    Retail Building in Growing Community

    Retail opportunity in growing community with flexible space and amenities.

    101 W Broadway Avenue, Milton-freewater, OR 97862
    View Listing
    Property ID
    US71-0449618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 101 W Broadway Ave

    Year built
    1948
    Lot size
    0.10 lot acres
    Property size
    2,384 SF
    Zone code
    R-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5N3502DA06200
    APU
    5N3502DA06200

    Description

    This versatile 101 W Broadway Avenue commercial property in Milton-Freewater, Oregon, presents a unique investment opportunity. Priced at $239,000, this industrial building offers approximately [Note: Square footage is not provided, so this cannot be included] of adaptable space, previously utilized as a flower shop and cafe. The building's layout includes a half-bath, ample storage closets, a dedicated office area, and a desirable covered patio and yard space ideal for outdoor seating or expansion. Interior space is readily customizable for various retail or commercial uses, allowing for shelving, displays, and counter installations. Exterior features include prominent signage, convenient street-side parking, and large windows providing excellent natural light. Its central location in Milton-Freewater offers high visibility, situated next to the post office, near the golf course, high school, and Les Schwab Tire Center. The property's proximity to the new Key Boulevard Estates housing development (a short 6-minute drive) ensures a strong potential customer base. This property is zoned for commercial use and is ready for immediate occupancy. The building's adaptability and prime location make it an excellent choice for a variety of businesses seeking a thriving community setting. The property is located at 101 W Broadway Avenue, Milton-Freewater, OR 97862.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milton Freewater
    County
    Umatilla
    State
    Oregon
    Longitude
    -118.396
    Latitude
    45.9369
    CBSA code
    25840
    CBSA name
    HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,438
    $29,450
    $109,340
    $138,790
    -
    $9,950
    $182,370
    $192,320

    Comparable in this City

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      2,994 SF

      1107 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,994 SF
      1107 Main St, Milton Freewater, OR 97862-1535
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    • Value Estimation by Request
      3,936 SF

      84027 Hwy 11

      OFFICE/RESIDENTIAL (MIXED USE) • 3,936 SF
      84027 Hwy 11, Milton Freewater, OR 97862-7609
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    • Value Estimation by Request
      2,881 SF

      85301 Hwy 11

      OFFICE/RESIDENTIAL (MIXED USE) • 2,881 SF
      85301 Hwy 11, Milton Freewater, OR 97862-7308
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    • Value Estimation by Request
      428 SF

      Milton Freewater, OR 97862

      OFFICE/RESIDENTIAL (MIXED USE) • 428 SF
      Milton Freewater, OR 97862
      View Details
    • Value Estimation
      $745,000
      4,750 SF

      84575 Hwy 11

      OFFICE/RESIDENTIAL (MIXED USE) • 4,750 SF
      84575 Hwy 11, Milton Freewater, OR 97862-7613
      View Details

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      24+ Acre Buildable Farmland

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      Retail Building in Growing Community

      Retail opportunity in growing community with flexible space and amenities.
      101 W Broadway Ave, Milton-Freewater, OR 97862
      View Details
    • Contact for pricing
      14,752 SF

      Les Schwab Tire Center

      Les Schwab Tire Center in Milton-Freewater, Oregon for sale.
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      View Details
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      Buildable Lot with Mountain Views

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    Milton-Freewater, OR 97862
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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