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Property profile & analytics
FOR LEASE
Grocery and convenience stores
301 Westfield St Silverton, OR 97381
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US71-0845568
For Lease
1 / 12
$6,935,000
301 Westfield St, Silverton, OR 97381
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Property summary
AI-generated overview
Silverton Plaza, a thriving retail center in Marion County, offers exceptional leasing opportunities. This mixed-use commercial property boasts a total of 30,562 square feet, with three suites currently available. The minimum leasable space is 962 square feet, while the maximum contiguous space available is 10,000 square feet. A significant portion of the building, totaling 17,962 square feet, is currently vacant and ready for immediate occupancy. The property benefits from strong anchor tenants, including Safeway and Dollar Tree, ensuring high foot traffic and visibility. A diverse and established tenant mix further enhances the property's appeal, with co-tenants such as Verizon Wireless, Papa Murphy's, Domino's Pizza, Willamette Valley Bank, Canine Paradigm, and Dutch Bros. This prime location presents a unique chance for businesses seeking high-traffic exposure and a vibrant commercial environment. The property's strategic positioning within Marion County offers excellent access to a substantial customer base. Contact us today to explore the leasing options and secure your space in this successful retail center. Spaces are available immediately.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
35,357 SF
Lot
3.81 ac (165,964 SF)
Zoning code
GC
APN
061W34DB06300
UPID
US71-0845568
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
-
TNT Fireworks Discount Store Party Supply Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Starbucks Cafe & Coffee Shop
-
Wells Fargo ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.93M
Blend (final)
Blend
$6.94M
Owner & transaction history
M Hashem LP · 24 yrs held
M Hashem LP
since 2002
4 recorded transactions
Zoning & alternative use
GC · Silverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.4M
+63.0%
Restaurant
$10.8M
+54.2%
Office building
$9.7M
+38.6%
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
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
$6,975,000
Current use
MEDICAL BUILDING
$11,365,000
Change: +63% · Conversion: Difficult
RESTAURANT
$10,750,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$9,665,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,055,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$6,795,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,345,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$6.94M
Range $6.24M – $7.63M · ±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
$196 / 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
$52,415
Tax year 2021
Assessed value
$3,318,760
Assessed 2023
Previous assessed
$3,222,100
+3.0% YoY
Effective rate
1.58%
On assessed value
Land market value
$1,367,410
Improvement market value
$3,451,850
Total market value
$4,819,260
Applied tax rate
4,020.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1995
Heating
NONE
Stories
1
Total area
35,357 SF
Lot
3.81 ac (165,964 SF)
Zoning code
GC
APN
061W34DB06300
UPID
US71-0845568
Jurisdiction
MARION
Zoning & alternative use
GC · Silverton, OR
Zoning GC · permitted uses
GC · 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
RETAIL STORES Current
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$11.4M
RESTAURANT
Est. value
$10.8M
OFFICE BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (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
1995
Heating
NONE
Stories
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
M Hashem LP
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2018
—
M Hashem LP
—
Deed
related
$5,750,000 · Miscellaneous Ins Co
Jan 4, 2002
—
M Hashem LP
Us Retail Partners LLC
Grant Deed
$3,300,000 · Minnesota Life Insurance Co
—
—
M Hashem LP
—
Deed Of Trust
related
$5,750,000 · Miscellaneous Ins Co
—
—
M Hashem
—
Deed Of Trust
related
$1,300,000 · Minnesota Life Insurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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