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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Office Spaces
283 Columbia St Milton Freewater, OR 97862
Entity Owned
20-yr Hold
Free & Clear
Property ID
US71-0608158
Property summary
AI-generated overview
This exceptional multi-tenant office building, located at 283 N Columbia St in Milton-Freewater, Oregon, presents a compelling investment opportunity. The 10,500 square foot property, built in 1986, sits on a 1.06-acre lot and is zoned C-1. Currently boasting a strong tenant mix including the State of Oregon and a counseling practice, this building offers a stable income stream with a 10.09% cap rate and a pro-forma NOI of $109,427. The asking price is $1,085,000, translating to $103.33 per square foot. The property features a new HVAC system and ample parking. Its convenient location just off Highway 11 provides easy access to major transportation routes and is surrounded by established businesses such as Safeway, Blue Mountain Community College, and WaFD Bank. The building's four units offer flexibility, with potential for owner-occupancy of 1,000 to 2,200 square feet. This property is ideally situated, only 9 miles south of Walla Walla and 30 miles north of Pendleton, making it an attractive investment for both passive and owner-user investors. The modified lease structure provides additional flexibility.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Total area
10,500 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C-1
APN
5N3501CB00205
UPID
US71-0608158
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
$1.67M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.46M
Owner & transaction history
Duffco Properties LLC · 20 yrs held
Duffco Properties LLC
since 2005
1 recorded transaction
Zoning & alternative use
C-1 · Milton Freewater, 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 Milton Freewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton Freewater 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%
$1,810,000
6.5%
$1,670,000
7%
$1,555,000
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$139 / 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
$10,915
Tax year 2023
Assessed value
$621,390
Assessed 2023
Previous assessed
$603,300
+3.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$228,100
Assessed improvement
$393,290
Land market value
$270,100
Improvement market value
$863,970
Total market value
$1,134,070
Applied tax rate
701.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
6
Total area
10,500 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C-1
APN
5N3501CB00205
UPID
US71-0608158
Jurisdiction
UMATILLA
Zoning & alternative use
C-1 · Milton Freewater, OR
Zoning C-1 · permitted uses
C-1 · Milton Freewater, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton Freewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Buildings
6
Lot
1.06 ac
Current owner
From public records · entity-resolved
Duffco Properties LLC
Entity
Free & Clear · 20 yrs held
Mailing address
2821 CROSBY RD, VALRICO, FL 33594-6765
Ownership since
2005
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
Nov 7, 2005
—
Duffco Properties LLC
Constance Sloper
Warranty Deed
—
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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