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Property profile & analytics
OFF-MARKET
Office buildings
311 Water St Silverton, OR 97381-2134
Individually Owned
29-yr Hold
Free & Clear
Property ID
US71-1728032
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Total area
884 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DC
APN
061W35CB11800
UPID
US71-1728032
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
-
The Old Oak Oven Take-out & Catering
-
Rustic Melt Restaurant
-
Fire Side~ Food Truck ~Russian ~American ~Cuisine ~ Food Processing Plant
-
Silverton Bake Shop Bakery Specialty Food Shop
-
The Den Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lumsden,derek & Vona L · 29 yrs held
Lumsden,derek & Vona L
since 1996
7 recorded transactions
Zoning & alternative use
DC · Silverton, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,412
Tax year 2023
Assessed value
$84,930
Assessed 2023
Previous assessed
$82,460
+3.0% YoY
Effective rate
1.66%
On assessed value
Land market value
$34,450
Improvement market value
$156,970
Total market value
$191,420
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
884 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DC
APN
061W35CB11800
UPID
US71-1728032
Jurisdiction
MARION
Zoning & alternative use
DC · Silverton, OR
Zoning DC · permitted uses
DC · 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.
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lumsden,derek & Vona L
Individual
Free & Clear · 29 yrs held
Mailing address
PO BOX 1304, SILVERTON, OR 97381-0079
Ownership since
1996
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
Jul 23, 1996
$59,900
Lumsden,derek & Vona L
Joseph J Davis Trustee
Trustees Deed
—
Jul 23, 1996
$79,000
Butler,donna L
Lumsden,derek & Vone L
Trustees Deed
$59,250 · First Security Bank Oregon
Mar 1, 1989
—
Joseph J Davis
Unknown
Grant Deed
related
—
—
—
Donna L Butler
—
Deed Of Trust
related
$20,000 · Us National Bank Oregon
—
—
Donna L Butler
—
Deed Of Trust
related
$84,000 · West Coast Bank
—
—
Donna L Butler
—
Deed Of Trust
related
$87,000 · Sunset Mortgage Co
—
—
Donna L Butler
—
Deed Of Trust
related
$105,000 · Quicken Lns
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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