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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    315 Oak St Hood River, OR 97031-2062

    • Retail space
    • 4,728 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2022
    $2,700,000
    Value Estimations
    $2,815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0801392
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 315 Oak St

    Year built
    1906
    Lot size
    0.12 lot acres
    Property size
    4,728 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    3N10E25CD11900
    APU
    3N10E25CD11900

    Description

    This exceptional 3,200 square foot creative office space is located on the third floor of a beautifully renovated building at 315 Oak St, Hood River, OR 97031. The building, constructed in 1920 and extensively renovated in 2023, offers a blend of historic charm and modern functionality. This single-tenant space boasts stunning views and features a layout including separate offices, perfect for a variety of businesses. The entire building encompasses 12,529 square feet, distributed across three stories. Parking is available (open parking). The building is classified as Class B. Note that there are no elevators in this building. This prime location in downtown Hood River provides excellent accessibility and visibility. The space is immediately available. This is a unique opportunity to secure a highly desirable and recently renovated office space in a vibrant Oregon city. The property is situated at 45.70866 latitude and -121.5141371 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,815,000
      ML approach
      $2,685,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hood River
    County
    Hood River
    State
    Oregon
    Longitude
    -121.514
    Latitude
    45.7086
    CBSA code
    26220
    CBSA name
    HOOD RIVER, 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
    $17,021
    $131,840
    $1,003,080
    $1,134,920
    -
    $198,360
    $2,293,330
    $2,491,690

    Comparable in this City

    • Value Estimation
      $390,000
      6.16 Acres

      2790 Cascade Ave

      RETAIL STORES (PERSONAL SERVICES) • 6.16 Acres
      2790 Cascade Ave, Hood River, OR 97031
      View Details
    • Value Estimation
      $325,000
      1,072 SF

      1204 13th St

      RETAIL STORES (PERSONAL SERVICES) • 1,072 SF
      1204 13th St, Hood River, OR 97031-1612
      View Details
    • Value Estimation
      $330,000
      1,824 SF

      1208 Belmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,824 SF
      1208 Belmont Ave, Hood River, OR 97031-1752
      View Details
    • Value Estimation
      $460,000
      6,198 SF

      12 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 6,198 SF
      12 Oak St, Hood River, OR 97031-2368
      View Details
    • Value Estimation
      $530,000
      3,618 SF

      2525 Cascade Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,618 SF
      2525 Cascade Ave, Hood River, OR 97031-1077
      View Details
    • Value Estimation
      $440,000
      2,551 SF

      416 Cascade Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,551 SF
      416 Cascade Ave, Hood River, OR 97031-2023
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,000 SF

      Hood River Industrial Property

      34,000 SF Warehouse/Factory, Oregon
      3030 Lower Mill Dr, Hood River, OR 97031
      View Details
    • $299,000

      Land with Territorial Views

      Land in Hood River with territorial views and freeway access.
      435 Frankton Rd, Hood River, OR 97031
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    • $399,000

      Ready-to-Build Lots in Hood River

      Desirable Westside location with utilities and ADU potential.
      Carr Dr, Hood River, OR 97031
      View Details
    • $2,950,000
      3.37 Acres

      Prime Hood River Commercial Land

      3.37 Acres, Zoned COM, $2.95M
      3540 Cascade Ave, Hood River, OR 97031
      View Details
    • $424,950
      0.17 Acres

      Downtown Hood River View Lot

      Rare R3 zoned lot with Columbia River and Mt. Adams views.
      1534 Lincoln St, Hood River, OR 97031
      View Details
    • New
      $450,000
      43.76 Acres

      Hood River Timbered Land

      43+ acres of timbered land in Hood River Valley.
      3125 Dee Hwy, Hood River, OR 97031
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      1,800 SF

      Restaurant Space with Outdoor Seating

      Highly visible restaurant space with indoor and outdoor seating.
      4070 Westcliff Dr, Hood River, OR 97031
      View Details
    • $7,000 /Mo
      9,868 SF

      Downtown Hood River Restaurant/Theater Space

      Turn-key restaurant and theater space in downtown Hood River.
      107-111 Oak St, Hood River, OR 97031
      View Details
    • $1.35 SF/Yr
      982 SF

      Combined Office Suites For Lease

      Combined office suites with private offices and open work areas.
      202 Wasco Loop, Hood River, OR 97031
      View Details
    • $8 SF/Yr
      100,000 SF

      Industrial Flex Space Available

      Industrial flex space with natural light and easy highway access.
      902 Wasco St, Hood River, OR 97031
      View Details
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    315 Oak St
    Hood River, OR 97031-2062
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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