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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Retail space
235 Haskell St Central Point, OR 97502-1990
Entity Owned
7-yr Hold
Free & Clear
Property ID
US71-0696205
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
18,750 SF
Lot
2.87 ac (125,017 SF)
Zoning code
M-1
APN
1-0813328
UPID
US71-0696205
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
$2.98M
Blend (final)
Blend
$2.38M
Owner & transaction history
City Of Central Point · 7 yrs held
City Of Central Point
since 2019
7 recorded transactions
Zoning & alternative use
M-1 · Central Point, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the M-1 district is to provide areas suitable for the location of light industrial uses involved in service, manufacturing or assembly activities and having high standards of operation of such character as to permit their location and operation in close proximity to nonindustrial areas of the community. ( Ord. 1436
Zone name
Industrial
General category
INDUSTRIAL
Zone area
157.70 ac
Top alternative use upside
Neighborhood: shopping center
$3.9M
+30.6%
Auto repair, garage
$3.0M
+1.7%
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 Central Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Point 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
RETAIL STORES
$2,980,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,895,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,035,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,725,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$127 / 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
Land market value
$448,250
Improvement market value
$5,606,770
Total market value
$6,055,020
Applied tax rate
602.0000
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
Year built
2021
Heating
NONE
Buildings
5
Total area
18,750 SF
Lot
2.87 ac (125,017 SF)
Zoning code
M-1
APN
1-0813328
UPID
US71-0696205
Jurisdiction
JACKSON
Zoning & alternative use
M-1 · Central Point, ORZoning M-1 · permitted uses
M-1 · Central Point, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the M-1 district is to provide areas suitable for the location of light industrial uses involved in service, manufacturing or assembly activities and having high standards of operation of such character as to permit their location and operation in close proximity to nonindustrial areas of the community. ( Ord. 1436
Zone name
Industrial
General category
INDUSTRIAL
Zone area
157.70 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (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
2021
Heating
NONE
Buildings
5
Lot
2.87 ac
Current owner
From public records · entity-resolved
City Of Central Point
Entity
Free & Clear · 7 yrs held
Mailing address
140 S 3RD ST, CENTRAL POINT, OR 97502-2216
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2019
$1,000,000
City Of Central Point
Investors Il LLC
Warranty Deed
—
Oct 31, 2016
$354,000
Investors II LLC
Old Railroad Properties LLC
Warranty Deed
—
Oct 31, 2016
—
Microvellum Asset Mgmt Co INC
Microvellum INC
Quit Claim Deed
related
—
Oct 31, 2016
$307,832
Investors II LLC
Union Creek Properties LLC
Warranty Deed
—
Sep 28, 2016
—
Union Creek Properties LLC
Old Railroad Properties LLC
Grant Deed
—
Aug 29, 2008
—
Investors II LLC
—
Deed Of Trust
related
$1,274,519 · South Valley Bank & Trust
Apr 17, 2008
—
Old Railroad Properties LLC
Microvellum Assets Managment C
Grant Deed
related
—
Feb 14, 2008
—
Microvellum Assets Mgmt Co INC
Old Railroad Properties LLC
Grant Deed
$2,349,000 · Premierwest Bank
Mar 30, 2007
$977,095
Old Railroad Properties LLC
Investors II LLC
Grant Deed
$2,038,500 · Premierwest Bank
Jul 3, 2006
—
Investors II LLC
—
Grant Deed
related
$4,000,000 · South Valley Bank & Trust
Jun 29, 2004
—
Investors II LLC
—
Deed Of Trust
related
$2,000,000 · South Valley Bank & Trust
—
—
Investors II LLC
—
Deed Of Trust
related
$1,000,000 · South Valley Bank & Trust
—
—
Investors II LLC
—
Deed Of Trust
related
—
—
—
Investors II LLC
—
Deed Of Trust
related
—
—
—
Microvellum Asset Mgmt Co INC
—
Deed Of Trust
related
—
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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