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Property profile & analytics
OFF-MARKET
Office Spaces
323 7th St Grants Pass, OR 97526-2127
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0826373
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1983
Total area
3,880 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CBD; CENTRAL BUS DIST
APN
36-05-17-BC-012600
UPID
US71-0826373
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
-
Bill Thorp - State Farm Insurance Agent Insurance Agency
-
State Farm Insurance Insurance Agency
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
William C Thorp III · 1 yrs held
William C Thorp III
since 2025
7 recorded transactions
Zoning & alternative use
CBD; CENTRAL BUS DIST · Grants Pass, 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 Grants Pass submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grants Pass 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
$5,179
Tax year 2023
Assessed value
$387,180
Assessed 2023
Previous assessed
$346,290
+11.8% YoY
Effective rate
1.34%
On assessed value
Land market value
$301,930
Improvement market value
$176,690
Total market value
$478,620
Applied tax rate
13.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
3,880 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CBD; CENTRAL BUS DIST
APN
36-05-17-BC-012600
UPID
US71-0826373
Jurisdiction
JOSEPHINE
Zoning & alternative use
CBD; CENTRAL BUS DIST · Grants Pass, OR
Zoning CBD; CENTRAL BUS DIST · permitted uses
CBD; CENTRAL BUS DIST · Grants Pass, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grants Pass. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
William C Thorp III
Individual
Mailing address
PO BOX 520, GRANTS PASS, OR 97528-0043
Ownership since
2025
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
Apr 23, 2025
—
William C Thorp III
—
Deed
related
$445,000 · Evergreen Fsla
Jul 26, 2016
—
William C Thorp III
—
Deed
related
$382,000 · Evergreen Fed'l S&l
—
—
Wtw Dev LLC
—
Deed Of Trust
related
$2,964,188 · Washington Fed'l Svgs
—
—
William C Thorp III
—
Deed Of Trust
related
$382,000 · Evergreen Fed'l S&l
—
—
William C Thorp III
—
Deed Of Trust
related
$447,521 · Home Valley Bank
—
—
William C Thorp III
—
Deed Of Trust
related
—
—
—
William C Thorp III
—
Deed Of Trust
related
$500,000 · Home Valley 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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