New search
Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Turn key restaurants
21679 Hwy 62 Shady Cove, OR 97539-8711
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US71-0820286
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
3,880 SF
Lot
0.94 ac (40,946 SF)
Zoning code
GC
APN
1-0782822
UPID
US71-0820286
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
$552k
Blend (final)
Blend
$605k
Owner & transaction history
Miquel A Castro · 24 yrs held
Miquel A Castro
since 2002
7 recorded transactions
Zoning & alternative use
GC · Shady Cove, 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 Shady Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shady Cove 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
$960,000
Current use
MEDICAL BUILDING
$915,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$156 / 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
$10,173
Tax year 2023
Assessed value
$847,670
Assessed 2023
Previous assessed
$822,990
+3.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$280,450
Assessed improvement
$567,220
Land market value
$283,420
Improvement market value
$710,010
Total market value
$993,430
Applied tax rate
915.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Total area
3,880 SF
Lot
0.94 ac (40,946 SF)
Zoning code
GC
APN
1-0782822
UPID
US71-0820286
Jurisdiction
JACKSON
Zoning & alternative use
GC · Shady Cove, OR
Zoning GC · permitted uses
GC · Shady Cove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shady Cove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$960,000
MEDICAL BUILDING
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
RESTAURANT Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Lot
0.94 ac
Current owner
From public records · entity-resolved
Miquel A Castro
Individual
Mailing address
PO BOX 698, SHADY COVE, OR 97539-0698
Ownership since
2002
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 14, 2021
—
Miguel A Castro
—
Deed
related
$550,000 · Evergreen Fsla
Apr 30, 2020
—
Miguel A Castro
—
Deed
related
$100,000 · Evergreen Fsla
Mar 29, 2002
$700,000
Miquel A Castro
J & B Collins Enterprises LLC
Grant Deed
$525,000 · J & B Collins Enterprises LLC
Sep 3, 1999
$300,000
John Collins
Timberline Community Bank
Grant Deed
—
Jan 28, 1998
$384,514
Timberline Community Bank
Foshee,dolores R
Trustees Deed
related
—
Mar 22, 1996
—
Gale R Fulton
Foshee,delores R
Grant Deed
related
—
Feb 24, 1994
$172,258
Timberline Community Bank
Foshee,dolores R
Grant Deed
related
—
Feb 22, 1994
$562,350
Dolores R Foshee
Foshee,dolores R
Grant Deed
related
—
Jan 17, 1990
—
Dolores R Foshee
Foshee,dolores R
Grant Deed
related
—
—
—
Miguel A Castro
—
Deed Of Trust
related
$102,700 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$100,000 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$102,700 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$102,700 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$102,700 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$497,300 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$100,000 · Premierwest Bank
—
—
Miguel A Castro
—
Deed Of Trust
related
$232,300 · Premierwest 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21679 Hwy 62?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
