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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Industrial land
325 Ice Cream Dr Central Point, OR 97502-3654
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0414316
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.73 ac (162,479 SF)
Zoning code
M-1
APN
1-0982000
UPID
US71-0414316
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
Parr Lumber Company · 3 yrs held
Parr Lumber Company
since 2023
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
M-1 · Central Point, 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 Central Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Point 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
$1,690,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.60M (May 3 2023)
Last sale anchor
$1.60M
May 3 2023
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
—
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
$9,970
Tax year 2023
Assessed value
$579,360
Assessed 2023
Previous assessed
$562,490
+3.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$579,360
Land market value
$869,230
Total market value
$869,230
Applied tax rate
4,949.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
3.73 ac (162,479 SF)
Zoning code
M-1
APN
1-0982000
UPID
US71-0414316
Jurisdiction
JACKSON
Zoning & alternative use
M-1 · Central Point, OR
Zoning M-1 · permitted uses
M-1 · Central Point, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Central Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.73 ac
Current owner
From public records · entity-resolved
Parr Lumber Company
Entity
Free & Clear · 3 yrs held
Mailing address
5630 NE CENTURY BLVD, HILLSBORO, OR 97124-8620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 3, 2023
$1,600,000
Parr Lumber Company
Gazelle Investments LLC
Warranty Deed
—
Apr 22, 2011
—
Gazelle Investments LLC
—
Trustees Deed
related
$1,000,000 · Rogue FCU
Jan 31, 2008
—
Gazelle Investments LLC
Gazelle Investments
Quit Claim Deed
—
May 9, 2006
—
Gazelle Investments
—
Grant Deed
related
$1,850,000 · Us Bank NA
Jul 18, 2005
$731,808
Gazelle Investments
Modoc Orchards
Warranty Deed
—
Jun 7, 2005
—
Orchards Modoc
Galpin,c A
Affidavit Of Death
related
—
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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