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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
362 Lithia Way, Ashland, OR 97520-1902
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0399184
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
2,260 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-1-D
APN
1-0068297
UPID
US71-0399184
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
by Request
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$525k
Owner & transaction history
Welles Family Trust · 8 yrs held
Welles Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
C-1-D · Ashland, 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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
by Request
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
MEDICAL BUILDING
$535,000
Change: -18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$232 / 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
$7,658
Tax year 2023
Assessed value
$481,610
Assessed 2023
Previous assessed
$467,590
+3.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$279,880
Assessed improvement
$201,730
Land market value
$395,890
Improvement market value
$211,250
Total market value
$607,140
Applied tax rate
501.0000
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
Heating
NONE
Total area
2,260 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-1-D
APN
1-0068297
UPID
US71-0399184
Jurisdiction
JACKSON
Zoning & alternative use
C-1-D · Ashland, OR
Zoning C-1-D · permitted uses
C-1-D · Ashland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
MEDICAL BUILDING
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Welles Family Trust
Trust
Mailing address
260 SHERIDAN ST, ASHLAND, OR 97520-1523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Randal Welles
—
Deed
related
$100,000 · Wells Fargo Bank NA
Aug 24, 2017
—
Welles Family Trust
Welles,randal
Quit Claim Deed
related
—
Dec 21, 2012
—
Randal Welles
Welles Radcliffe Trust
Quit Claim Deed
related
—
Dec 19, 2012
—
Randal Welles
Welles Radcliffe Trust
Quit Claim Deed
related
—
Dec 14, 2012
—
Randall Welles
Welles Radcliffe Trust
Quit Claim Deed
related
—
Nov 28, 2011
—
Randall Welles
Mcdougal Holdings Oregon LP
Quit Claim Deed
related
—
Mar 24, 2011
—
Mc Dougal Holding Oregon Ltd P
Welles,radcuffe
Grant Deed
related
—
Jan 25, 2001
—
Radcliffe Welles
Korn Family LLC
Grant Deed
$240,000 · Seller
Nov 5, 1998
—
Korn Family LLC
Korn Trust
Quit Claim Deed
related
—
Jan 17, 1992
$210,500
Korn,irving L Trustee
Lithia Enterprise INC
Grant Deed
related
—
Feb 8, 1985
$125,000
Lithia Enterprise INC
Vesta Equities INC
Grant Deed
related
—
—
—
Radcliffe Welles
—
Deed Of Trust
related
$240,000 · Us Bank NA
—
—
Randal Welles
—
Loan Modification
related
$127,671 · Us Bk
—
—
Randal Welles
—
Loan Modification
related
$23,197 · Us Bk
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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