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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Medical Office Space
307 Hancock St, Newberg, OR 97132-2825
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0833984
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1900
Total area
3,294 SF
Lot
0.33 ac (14,375 SF)
Zoning code
C2
APN
R3219AB 01000
UPID
US71-0833984
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
-
Valley Eye & Laser Center: Jahnke Jonathan D MD Ophthalmologist (Bike/Boat/Book/etc) Store
-
Lenza Eye Center Eye Care Center
-
Dr. Sarah Gibson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Zeyes Real Estate LLC · 4 yrs held
Zeyes Real Estate LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
C2 · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$1,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.07M (Nov 23 2021)
Last sale anchor
$1.07M
Nov 23 2021
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
$337 / 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
$11,778
Tax year 2023
Assessed value
$740,740
Assessed 2023
Previous assessed
$740,740
+0.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$420,125
Improvement market value
$764,042
Total market value
$1,184,167
Applied tax rate
29.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Bathrooms
2
Total area
3,294 SF
Lot
0.33 ac (14,375 SF)
Zoning code
C2
APN
R3219AB 01000
UPID
US71-0833984
Jurisdiction
YAMHILL
Zoning & alternative use
C2 · Newberg, OR
Zoning C2 · permitted uses
C2 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
YES
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Zeyes Real Estate LLC
Entity
Mailing address
1100 N MAIN AVE, SAN ANTONIO, TX 78212-4712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$1,070,000
Zeyes Real Estate LLC
Slice Of Life Properties LLC
Warranty Deed
$856,000 · Frost Bank
Oct 30, 2013
—
Slice Of Life Properties LLC
Jahnke,patti O
Grant Deed
—
Oct 25, 2000
$20,600
Oregon State Transportation De
Jahnke,jonathan D & Patti O
Grant Deed
—
Jun 12, 1991
—
Jonathon Jahnke
Unknown
Grant Deed
related
—
—
—
Jonathan Jahnke
—
Deed Of Trust
related
$260,000 · First Interstate Bank Oregon
—
—
Jonathan D Jahnke
—
Deed Of Trust
related
$360,000 · Wells Fargo Bank
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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