283 Columbia St Milton Freewater, OR 97862
Property profile & analytics
283 Columbia St, Milton Freewater, OR 97862
- Office Spaces
- 10,500 SF
- 1.06 lot acres
Property ID
US71-0608158
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 283 Columbia St
- Year built
- 1986
- Lot size
- 1.06 lot acres
- Zone code
- C-1
- Property type
- Office Spaces
- APN
- 5N3501CB00205
- APU
- 5N3501CB00205
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,810,000
- 6.5%
- $1,670,000
- 7%
- $1,555,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,396,000
- AI Estimate
- $1,290,000
Market price range: $437k - $1.71MMarket price range: $427k - $1.55M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Milton Freewater
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.389
- Latitude
- 45.9395
- CBSA code
- 25840
- CBSA name
- HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,915
$228,100
$393,290
$621,390
-
$270,100
$863,970
$1,134,070
