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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Commercial real estate
152 8th Ave, Milton Freewater, OR 97862-1171
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-0467400
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
14,520 SF
Lot
1.7 ac (74,052 SF)
Zoning code
R-3
APN
5N3512AC00502
UPID
US71-0467400
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
$2.31M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.90M
Owner & transaction history
Miguel Hernandez · 4 yrs held
Miguel Hernandez
since 2022
Last sale
$49,000
2 recorded transactions
Zoning & alternative use
R-3 · Milton Freewater, 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 Milton Freewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton Freewater 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%
$2,505,000
6.5%
$2,310,000
7%
$2,145,000
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $49k (May 31 2022)
Last sale anchor
$49k
May 31 2022
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
$131 / 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
$13,740
Tax year 2023
Assessed value
$782,220
Assessed 2023
Previous assessed
$759,440
+3.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$229,960
Assessed improvement
$552,260
Land market value
$97,190
Improvement market value
$1,251,930
Total market value
$1,349,120
Applied tax rate
701.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
BASEBOARD
Cooling
WALL UNIT
Stories
1
Rooms
16
Bathrooms
4
Total area
14,520 SF
Lot
1.7 ac (74,052 SF)
Zoning code
R-3
APN
5N3512AC00502
UPID
US71-0467400
Jurisdiction
UMATILLA
Zoning & alternative use
R-3 · Milton Freewater, OR
Zoning R-3 · permitted uses
R-3 · Milton Freewater, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton Freewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
BASEBOARD
Cooling
Yes
Stories
1
Rooms
16
Bathrooms
4
Lot
1.7 ac
Current owner
From public records · entity-resolved
Miguel Hernandez
Individual
Free & Clear · 4 yrs held
Mailing address
25510 MANDARIN CT, LOMA LINDA, CA 92354-3713
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$49,000
Miguel Hernandez
Emilio A Sandoval
Warranty Deed
—
Dec 1, 2006
—
Margaret De Romanett
Margaret De Romanett
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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