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Property profile & analytics
FOR SALE
Turn key restaurants
1619 N 1St St Hermiston, OR 97838
Individually Owned
~
Est. High Equity
Property ID
US71-0761827
For Sale
1 / 9
$2,000,000
1619 N 1St St, Hermiston, OR 97838
View Listing →
Property summary
AI-generated overview
This exceptional 6,773 square foot commercial building is situated on a 1.48-acre lot at 1619 N 1st St, Hermiston, OR. Boasting a premium location within a thriving retail corridor, this property enjoys exceptional visibility and accessibility, surrounded by established national and local businesses. The high-traffic area sees over 18,600 cars daily, ensuring significant exposure for any business. Previously occupied by a Fuddruckers restaurant, the building offers ample space adaptable to a variety of commercial uses. The sale includes the building and land only
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Total area
6,773 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
4N2803D001315
UPID
US71-0761827
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
-
Delish Bistro Restaurant
-
mavericks Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
ROBERT N MAGID
ROBERT N MAGID
Zoning & alternative use
C-2 · Hermiston, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESIDENTIAL ZONE (R-4). § 157.029 RECREATIONAL RESIDENTIAL ZONE (RR). Article IV COMMERCIAL ZONES § 157.040 CENTRAL COMMERCIAL ZONE (C-1). § 157.041 OUTLYING COMMERCIAL ZONE (C-2). § 157.042 DOWNTOWN COMMERCIAL OVERLAY ZONE (DCO). § 157.043 NEIGHBORHOOD COMMERCIAL OVERLAY ZONE (NCO). Article V INDUSTRIAL ZONES § 1…
Zone name
Outlying Commercial
General category
COMMERCIAL
Zone area
566.62 ac
Top alternative use upside
Office building
$1.0M
+26.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$810,000
Current use
OFFICE BUILDING
$1,025,000
Change: +27% · Conversion: Moderate
MEDICAL BUILDING
$725,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: -15% · Conversion: Easy
INDUSTRIAL (GENERAL)
$665,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$108 / 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
$30,034
Tax year 2023
Assessed value
$1,532,550
Assessed 2023
Previous assessed
$1,273,330
+20.4% YoY
Effective rate
1.96%
On assessed value
Assessed land
$482,620
Assessed improvement
$1,049,930
Land market value
$301,630
Improvement market value
$1,283,830
Total market value
$1,585,460
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2009
Heating
NONE
Total area
6,773 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
4N2803D001315
UPID
US71-0761827
Jurisdiction
UMATILLA
Zoning & alternative use
C-2 · Hermiston, ORZoning 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
Zoning description
ENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESIDENTIAL ZONE (R-4). § 157.029 RECREATIONAL RESIDENTIAL ZONE (RR). Article IV COMMERCIAL ZONES § 157.040 CENTRAL COMMERCIAL ZONE (C-1). § 157.041 OUTLYING COMMERCIAL ZONE (C-2). § 157.042 DOWNTOWN COMMERCIAL OVERLAY ZONE (DCO). § 157.043 NEIGHBORHOOD COMMERCIAL OVERLAY ZONE (NCO). Article V INDUSTRIAL ZONES § 157.055 LIGHT INDUSTRIAL ZONE (M-1). § 157.056 HEAVY INDUSTRIAL ZONE (M-2). § 157.05
Zone name
Outlying Commercial
General category
COMMERCIAL
Zone area
566.62 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$810,000
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$690,000
INDUSTRIAL (GENERAL)
Est. value
$665,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
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
2009
Heating
NONE
Lot
1.48 ac
Current owner
From public records · entity-resolved
ROBERT N MAGID
Individual
Mailing address
PO BOX 1004, LAKE OSWEGO, OR 97034-0113
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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