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Property profile & analytics
OFF-MARKET Estimated value $510,000
Office Spaces

119 16th St Philomath, OR 97370-9273

1,893 SF 0.2 ac lot Built 1987
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US71-1825384
Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1987
Total area 1,893 SF
Lot 0.2 ac (8,712 SF)
Zoning code C-2
APN 12612DB07300
UPID US71-1825384
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
  • Practical Business Services Inc Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$510k
Blend (final) Blend
$510k
Owner & transaction history
Leigh Shaffer · 19 yrs held
Leigh Shaffer
since 2007
1 recorded transaction
2007
$260,000
Zoning & alternative use
C-2 · Philomath, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-2 General Commercial Allowed Uses O-R Office/Residential Allowed Uses (A) Bank or financial institution. (B) Church. (C) Day care centers, including family day care homes. (D) Drive-in or drive-through facilities.* (E) Funeral parlor. (F) Fraternal lodge. (G) Membership club. (H) Multifamily and row housing.* (I) Retail sales and service establishments tha…

Zone name General Commercial
General category MIXED_USE
Zone area 58.41 ac
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