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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Retail space
215 4th St, Ashland, OR 97520-2043
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0804216
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
6,580 SF
Lot
0.09 ac (3,920 SF)
Zoning code
E-1
APN
1-0064668
UPID
US71-0804216
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
-
Artisan Eyeworks Physician
-
Hoyt Kimberly OD Optometrist Optician
-
Illahe Studio & Gallery Art Gallery
-
Michael Hoyt Physician
-
Jensen Ashly Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.67M
Owner & transaction history
Opt 215 LLC · 4 yrs held
Opt 215 LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
E-1 · Ashland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+64.9%
Restaurant
$1.6M
+41.6%
Medical building
$1.6M
+35.2%
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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$1,790,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,150,000
Current use
COMMERCIAL (GENERAL)
$1,890,000
Change: +65% · Conversion: Easy
RESTAURANT
$1,625,000
Change: +42% · Conversion: Easy
MEDICAL BUILDING
$1,550,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,065,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.67M (Dec 8 2021)
Last sale anchor
$1.67M
Dec 8 2021
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
$253 / 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
$11,733
Tax year 2023
Assessed value
$737,380
Assessed 2023
Previous assessed
$737,380
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$62,670
Assessed improvement
$674,710
Land market value
$110,940
Improvement market value
$1,243,000
Total market value
$1,353,940
Applied tax rate
501.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Units
10
Total area
6,580 SF
Lot
0.09 ac (3,920 SF)
Zoning code
E-1
APN
1-0064668
UPID
US71-0804216
Jurisdiction
JACKSON
Zoning & alternative use
E-1 · Ashland, OR
Zoning E-1 · permitted uses
E-1 · Ashland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
Heating
NONE
Units
10
Lot
0.09 ac
Current owner
From public records · entity-resolved
Opt 215 LLC
Entity
Mailing address
2315 SISKIYOU BLVD, ASHLAND, OR 97520-1401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$1,665,000
Opt 215 LLC
Childrens LLC
Special Warranty Deed
$1,165,500 · Peoples Bank Of Commerce
Dec 22, 2016
$1,399,000
Meadows 155 LLC
Schatz Stephanie R Trust
Warranty Deed
—
Dec 22, 2016
—
Stephanie R Schatz
Elkind,neal E
Quit Claim Deed
—
Jun 10, 2013
—
Schatz,stephanie R Living Trust
Jensen 2005 Trust
Warranty Deed
—
Jul 22, 2010
$1,100,000
Jensen 2005 Trust
Thormahlen & S Living Trust
Grant Deed
—
Dec 31, 2007
$1,100,100
Jensen 2005 Trust
Thormahlen P A & S C Trust
Grant Deed
—
Sep 6, 2005
$1,000,000
Philip A Thormahlen
Mari Stein Mcwilliams
Warranty Deed
$475,000 · Washington Federal Savings
Oct 15, 2004
$25,000
Philip Thormahlen
Mcwilliams Mari S Trust
Grant Deed
—
Nov 19, 1993
$130,000
Brian H Conserv Fbo Jarvi
Woods,harold D & Barbara J
Grant Deed
related
—
Mar 20, 1991
$91,667
Harold D Woods
Woods,harold D & Barbara J
Grant Deed
related
—
Mar 20, 1991
$183,333
Robert Mc Williams
Jarvi,brian H Conserv Fbo
Grant Deed
related
—
Mar 20, 1991
$55,000
Harold D Woods
Thome,peter
Grant Deed
related
—
Nov 17, 1983
—
Thome,peter & Theresa L
—
Deed Of Trust
related
—
Jan 13, 1983
—
Thome,peter & Theresa L
—
Deed Of Trust
related
—
May 18, 1981
$31,050
Thom,peter & Theresa L
—
Grant Deed
related
—
—
—
Stein-mcwilliams,mari Trust
—
Deed Of Trust
related
$600,000 · Sterling Savings Bank
—
—
Robert J Mcwilliams
—
Deed Of Trust
related
$225,000 · Washington Mutual Fsb
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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