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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Medical Office Space
1070 Elm Ave Hermiston, OR 97838-2711
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0716560
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
6,527 SF
Lot
0.81 ac (35,284 SF)
Zoning code
C-2
APN
4N2803C000805
UPID
US71-0716560
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
-
Precision Surgery Center Medical Clinic Hospital
-
Inland Eye Institute Medical Clinic Hospital
-
Lifestyle Eye Center Physician
-
Dr. Arthur Giebel Ophthalmologist
-
Tara Evanger-Dalke Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$935k
Owner & transaction history
Healing Earth Or LLC · 4 yrs held
Healing Earth Or LLC
since 2022
1 recorded transaction
Zoning & alternative use
C-2 · Hermiston, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$985,000
+41.5%
Restaurant
$780,000
+11.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$700,000
Current use
OFFICE BUILDING
$985,000
Change: +41% · Conversion: Easy
RESTAURANT
$780,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: -5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$640,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$143 / 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
$19,765
Tax year 2023
Assessed value
$917,290
Assessed 2023
Previous assessed
$890,580
+3.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$225,800
Assessed improvement
$691,490
Land market value
$233,250
Improvement market value
$1,148,530
Total market value
$1,381,780
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
2002
Heating
NONE
Total area
6,527 SF
Lot
0.81 ac (35,284 SF)
Zoning code
C-2
APN
4N2803C000805
UPID
US71-0716560
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
$700,000
OFFICE BUILDING
Est. value
$985,000
RESTAURANT
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$665,000
INDUSTRIAL (GENERAL)
Est. value
$640,000
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2002
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Healing Earth Or LLC
Entity
Mailing address
PO BOX 99, COLLEGE PLACE, WA 99324-0099
Ownership since
2022
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
Mar 28, 2022
$1,500,000
Healing Earth Or LLC
Claire T Warner
Sub Lease
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.
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