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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
224 Airport NE Rd, Silverton, OR 97381-9602
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0224900
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
1,952 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CRLU
APN
061W33A 00200
UPID
US71-0224900
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
-
Melissa Hernandez Alternative Medicine Practice Spa & Massage Center
-
Silverton Neuromuscular Massage Clinic Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$390k
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$510k
Owner & transaction history
Miss Mary LLC · 5 yrs held
Miss Mary LLC
since 2020
Last sale
$420,000
7 recorded transactions
Zoning & alternative use
CRLU · Silverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$695,000
+30.6%
Medical building
$625,000
+17.6%
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 Silverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverton 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
$635,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$425,000
6.5%
$390,000
7%
$365,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$535,000
Current use
AUTO REPAIR, GARAGE
$695,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $420k (Sep 29 2020)
Last sale anchor
$420k
Sep 29 2020
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
$261 / 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
$3,372
Tax year 2023
Assessed value
$265,550
Assessed 2023
Previous assessed
$257,820
+3.0% YoY
Effective rate
1.27%
On assessed value
Land market value
$41,540
Improvement market value
$313,970
Total market value
$355,510
Applied tax rate
4,500.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
CEILING FURNACE
Stories
1
Bathrooms
1
Total area
1,952 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CRLU
APN
061W33A 00200
UPID
US71-0224900
Jurisdiction
MARION
Zoning & alternative use
CRLU · Silverton, OR
Zoning CRLU · permitted uses
CRLU · Silverton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$695,000
MEDICAL BUILDING
Est. value
$625,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1974
Heating
CEILING FURNACE
Stories
1
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Miss Mary LLC
Entity
Mailing address
17506 POWERS CRK LOOP RD NE, SILVERTON, OR 97381-9438
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
$255,000
Miss Mary LLC
Chad W Brady
Warranty Deed
$215,000 · Lewis & Clark Bk
May 21, 2004
$172,900
Chad W Brady
Luthi,william D & Kristine L
Grant Deed
$137,000 · Wells Fargo Bank
Mar 16, 2001
$135,000
William D Luthi
Overfield,michael J
Grant Deed
$130,950 · Washington Mutual Fsb
Jun 6, 1995
$84,000
Allen M Olson
Shetler,marvin & Shirley
Grant Deed
$83,845 · Crossland Mortgage Corp
Dec 10, 1985
$57,500
Joyce R David
Unknown
Grant Deed
—
—
—
Chad W Brady
—
Deed Of Trust
related
$130,230 · Wells Fargo Bank
—
—
Allen M Olson
—
Deed Of Trust
related
$23,074 · Money Store INC
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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