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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
1024 Newland Rd Central Point, OR 97502-9481
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0624448
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
3,000 SF
Lot
5 ac (217,800 SF)
Zoning code
I-G
APN
1-0204238
UPID
US71-0624448
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$510k
Owner & transaction history
Ron Fitzpatrick LLC · 13 yrs held
Ron Fitzpatrick LLC
since 2013
5 recorded transactions
Zoning & alternative use
I-G · Central Point, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+58.8%
Neighborhood: shopping center
$625,000
+30.6%
Auto repair, garage
$485,000
+1.7%
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 Central Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Point 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
by Request
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
RETAIL STORES
$475,000
Current use
MEDICAL BUILDING
$760,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$485,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$435,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$170 / 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
$9,401
Tax year 2023
Assessed value
$649,150
Assessed 2023
Previous assessed
$630,250
+3.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$214,240
Assessed improvement
$434,910
Land market value
$220,510
Improvement market value
$447,660
Total market value
$668,170
Applied tax rate
630.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Total area
3,000 SF
Lot
5 ac (217,800 SF)
Zoning code
I-G
APN
1-0204238
UPID
US71-0624448
Jurisdiction
JACKSON
Zoning & alternative use
I-G · Central Point, OR
Zoning I-G · permitted uses
I-G · Central Point, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Central Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$475,000
MEDICAL BUILDING
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$435,000
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
Ron Fitzpatrick LLC
Entity
Mailing address
1022 NEWLAND RD, CENTRAL POINT, OR 97502-9481
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2013
$475,000
Ron Fitzpatrick LLC
Cummings W J
Grant Deed
$380,000 · Umpqua Bank
Feb 8, 2013
—
William J Cummings
Boyd,lee G
Quit Claim Deed
related
—
Dec 23, 2004
—
W J Cummings
—
Trustees Deed
related
$50,000 · Us Bank NA
May 15, 1980
—
Cummings,w J
Cummings,w J
Grant Deed
related
—
—
—
W J Cummings
—
Deed Of Trust
related
$102,807 · Us Bank NA
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.
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