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Property profile & analytics
FOR SALE
Land
1455 Main St, Springfield, OR 97477
Individually Owned
5-yr Hold
Free & Clear
Property ID
US71-0535026
For Sale
1 / 21
$190,000
1455 Main St, Springfield, OR 97477
View Listing →
Property summary
AI-generated overview
This property consists of two separate tax lots, zoned Community Commercial, totaling approximately 0.46 acres. One tax lot features 66 feet of frontage on Main Street, with the second tax lot situated directly behind it. The property is located in an area characterized by a mix of residential and commercial properties and falls within the Springfield Urban Renewal Plan. Potential uses include establishing a business with a work-from-home component. Interested parties should consult with the City of Springfield to determine permissible construction and available incentives.
Property profile
Verified
Property type
Land
Use group
VACANT COMMERCIAL LAND
Lot
0.23 ac (10,019 SF)
Zoning code
CC-COMMUNITY COMMERCIAL
APN
17-03-36-32-05300-000
UPID
US71-0535026
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Yee F Loh-balaty · 5 yrs held
Yee F Loh-balaty
since 2020
Last sale
$855,000
7 recorded transactions
Zoning & alternative use
CC-COMMUNITY COMMERCIAL · Springfield, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
$990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $855k (Oct 21 2020)
Last sale anchor
$855k
Oct 21 2020
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
—
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
$913
Tax year 2023
Assessed value
$49,808
Assessed 2023
Previous assessed
$48,358
+3.0% YoY
Effective rate
1.83%
On assessed value
Land market value
$142,843
Total market value
$142,843
Applied tax rate
1,999.0000
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
Land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
0.23 ac (10,019 SF)
Zoning code
CC-COMMUNITY COMMERCIAL
APN
17-03-36-32-05300-000
UPID
US71-0535026
Jurisdiction
LANE
Zoning & alternative use
CC-COMMUNITY COMMERCIAL · Springfield, OR
Zoning CC-COMMUNITY COMMERCIAL · permitted uses
CC-COMMUNITY COMMERCIAL · Springfield, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Yee F Loh-balaty
Individual
Free & Clear · 5 yrs held
Mailing address
33328 HOWE LN, CRESWELL, OR 97426-9305
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
Yee F Loh-balaty
Balaty Joseph J Living Trust
Quit Claim Deed
related
—
Oct 15, 2010
$855,000
Joseph J Balaty
Rittenbach,leroy
Grant Deed
—
Mar 30, 2010
—
Balaty Joseph J Living Trust
Balaty,joseph
Quit Claim Deed
related
$565,000 · 14th Street Lenders
Feb 25, 2010
—
Mckinley Mtg Co LLC
Crombie,douglas G
Grant Deed
related
—
Feb 23, 2010
—
Steven K Streitz
Mckinley Mtg Co LLC
Grant Deed
related
—
Nov 28, 2006
—
Patricia Lc Atkinson
Rittenbach Corinne
Grant Deed
related
—
Sep 16, 2004
—
Joseph J Balaty
Balaty,laura M
Quit Claim Deed
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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