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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Commercial real estate
296 2nd St Sta A, Jefferson, OR 97352-9703
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0940820
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
4,368 SF
Lot
0.32 ac (13,939 SF)
Zoning code
MUH
APN
103W11AA02200
UPID
US71-0940820
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
$874k
Blend (final)
Blend
$875k
Owner & transaction history
Patrick M Mcwhorter · 19 yrs held
Patrick M Mcwhorter
since 2006
7 recorded transactions
Zoning & alternative use
MUH · Jefferson, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+61.1%
Office building
$1.2M
+37.0%
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 Jefferson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jefferson 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
COMMERCIAL (GENERAL)
$870,000
Current use
MEDICAL BUILDING
$1,405,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$1,195,000
Change: +37% · Conversion: Easy
RETAIL STORES
$860,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$840,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$200 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,898
Tax year 2021
Assessed value
$282,630
Assessed 2023
Previous assessed
$274,400
+3.0% YoY
Effective rate
1.38%
On assessed value
Land market value
$84,580
Improvement market value
$206,050
Total market value
$290,630
Applied tax rate
14,130.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
4,368 SF
Lot
0.32 ac (13,939 SF)
Zoning code
MUH
APN
103W11AA02200
UPID
US71-0940820
Jurisdiction
MARION
Zoning & alternative use
MUH · Jefferson, OR
Zoning MUH · permitted uses
MUH · Jefferson, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jefferson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$870,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$840,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1920
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Patrick M Mcwhorter
Individual
Mailing address
35499 E LACOMB RD, LEBANON, OR 97355-9154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Aug 2, 2006
—
Patrick M Mcwhorter
Mcwhorter,patrick M
Quit Claim Deed
related
—
Aug 2, 2006
$234,000
Patrick M Mcwhorter
Merton,trent D
Warranty Deed
—
Aug 2, 2006
$120,000
Patrick M Mcwhorter
Merton,mickey H & Lynn D
Warranty Deed
—
Oct 4, 2004
$120,000
Trent D Merton
Merton,mickey H & Lynn D
Warranty Deed
related
$125,000 · Silver Falls Bank
Dec 2, 1987
—
Mickey H Merton
Unknown
Grant Deed
related
—
—
—
Patrick M Mcwhorter
—
Deed Of Trust
related
$214,500 · Willamette Cmnty Bk
—
—
Mickey H Merton
—
Deed Of Trust
related
$84,000 · Key Bank Of Oregon
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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