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Property profile & analytics
OFF-MARKET
Retail space
1875 Sherman Ave North Bend, OR 97459-3417
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0837687
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Zoning code
C-C
APN
25 S 13 W 15 AA 700
UPID
US71-0837687
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
-
Wells Fargo ATM Atm
-
Books By The Bay (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harold G Midyette · 8 yrs held
Harold G Midyette
since 2017
1 recorded transaction
Zoning & alternative use
C-C · North Bend, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CENTRAL COMMERCIAL ZONE C-C Sections: 18.36.010 Uses permitted outright. 18.36.020 Conditional uses permitted. 18.36.030 Limitations on use. 18.36.040 Signs. 18.36.050 Yards. 18.36.010 Uses permitted outright. A use permitted outright in a C-G zone is permitted outright in a C-C zone. (Ord. 1952 § 1(4), 2006) 18.36.020 Conditional uses permitted. In the C-C…
Zone name
Central Commercial Zone
General category
COMMERCIAL
Zone area
23.00 ac
Source
view
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$7,760
Tax year 2023
Assessed value
$504,450
Assessed 2023
Previous assessed
$489,760
+3.0% YoY
Effective rate
1.54%
On assessed value
Land market value
$282,010
Improvement market value
$493,440
Total market value
$775,450
Applied tax rate
61,360.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
NONE
Zoning code
C-C
APN
25 S 13 W 15 AA 700
UPID
US71-0837687
Jurisdiction
COOS
Zoning & alternative use
C-C · North Bend, ORZoning C-C · permitted uses
C-C · North Bend, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CENTRAL COMMERCIAL ZONE C-C Sections: 18.36.010 Uses permitted outright. 18.36.020 Conditional uses permitted. 18.36.030 Limitations on use. 18.36.040 Signs. 18.36.050 Yards. 18.36.010 Uses permitted outright. A use permitted outright in a C-G zone is permitted outright in a C-C zone. (Ord. 1952 § 1(4), 2006) 18.36.020 Conditional uses permitted. In the C-C zone, the following uses and their accessory uses are permitted when authorized in accordance with
Zone name
Central Commercial Zone
General category
COMMERCIAL
Zone area
23.00 ac
Source
view
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Current owner
From public records · entity-resolved
Harold G Midyette
Individual
Mailing address
1833 GARFIELD ST, NORTH BEND, OR 97459-1812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 15, 2017
—
Harold G Midyette
—
Deed
related
$78,021 · Banner Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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