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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Theaters & concert halls
355 Theater Ln Hermiston, OR 97838-1034
Entity Owned
6-yr Hold
Free & Clear
Property ID
US71-1011780
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2003
Total area
25,704 SF
Lot
8.07 ac (351,573 SF)
Zoning code
C-2
APN
4N2803D001102
UPID
US71-1011780
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
-
Hermiston Cinema Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Hermiston Theatre Properties LLC · 6 yrs held
Hermiston Theatre Properties LLC
since 2019
2 recorded transactions
Zoning & alternative use
C-2 · Hermiston, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESIDENTIAL ZONE (R-4). § 157.029 RECREATIONAL RESIDENTIAL ZONE (RR). Article IV COMMERCIAL ZONES § 157.040 CENTRAL COMMERCIAL ZONE (C-1). § 157.041 OUTLYING COMMERCIAL ZONE (C-2). § 157.042 DOWNTOWN COMMERCIAL OVERLAY ZONE (DCO). § 157.043 NEIGHBORHOOD COMMERCIAL OVERLAY ZONE (NCO). Article V INDUSTRIAL ZONES § 1…
Zone name
Outlying Commercial
General category
COMMERCIAL
Zone area
566.62 ac
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 Hermiston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermiston 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
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$23 / 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
$60,420
Tax year 2023
Assessed value
$3,166,760
Assessed 2023
Previous assessed
$3,846,870
-17.7% YoY
Effective rate
1.91%
On assessed value
Assessed land
$666,920
Assessed improvement
$2,499,840
Land market value
$666,920
Improvement market value
$2,499,840
Total market value
$3,166,760
Applied tax rate
801.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2003
Heating
NONE
Total area
25,704 SF
Lot
8.07 ac (351,573 SF)
Zoning code
C-2
APN
4N2803D001102
UPID
US71-1011780
Jurisdiction
UMATILLA
Zoning & alternative use
C-2 · Hermiston, ORZoning C-2 · permitted uses
C-2 · Hermiston, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESIDENTIAL ZONE (R-4). § 157.029 RECREATIONAL RESIDENTIAL ZONE (RR). Article IV COMMERCIAL ZONES § 157.040 CENTRAL COMMERCIAL ZONE (C-1). § 157.041 OUTLYING COMMERCIAL ZONE (C-2). § 157.042 DOWNTOWN COMMERCIAL OVERLAY ZONE (DCO). § 157.043 NEIGHBORHOOD COMMERCIAL OVERLAY ZONE (NCO). Article V INDUSTRIAL ZONES § 157.055 LIGHT INDUSTRIAL ZONE (M-1). § 157.056 HEAVY INDUSTRIAL ZONE (M-2). § 157.05
Zone name
Outlying Commercial
General category
COMMERCIAL
Zone area
566.62 ac
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
8.07 ac
Current owner
From public records · entity-resolved
Hermiston Theatre Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1146, THE DALLES, OR 97058-9146
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2019
$65,000
Hermiston Theatre Properties LLC
Raymond R Kopacz
Re-recorded Document
related
—
Feb 20, 2014
—
Goodwill Industries Of The Columbia
Hermiston Theatre Properties LLC
Warranty Deed
—
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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