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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Medical Office Space
370 Hersey St Ashland, OR 97520-2361
Trust Owned
19-yr Hold
Free & Clear
Property ID
US71-0081347
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
4,007 SF
Lot
0.34 ac (14,810 SF)
Zoning code
E-1
APN
1-0593021
UPID
US71-0081347
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
-
Rogue Valley Foot & Ankle Physician
-
David Beaudoin Physician
-
Timothy Palmesano Physician
-
Linda Muhlenkamp Physician
-
Jeffrey Garbi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Serlin,allen Trust · 19 yrs held
Serlin,allen Trust
since 2007
6 recorded transactions
Zoning & alternative use
E-1 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$945,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$158 / 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
$12,602
Tax year 2023
Assessed value
$791,970
Assessed 2023
Previous assessed
$768,910
+3.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$81,360
Assessed improvement
$710,610
Land market value
$324,920
Improvement market value
$843,920
Total market value
$1,168,840
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Total area
4,007 SF
Lot
0.34 ac (14,810 SF)
Zoning code
E-1
APN
1-0593021
UPID
US71-0081347
Jurisdiction
JACKSON
Zoning & alternative use
E-1 · Ashland, OR
Zoning E-1 · permitted uses
E-1 · 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
MEDICAL BUILDING Current
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$925,000
MEDICAL BUILDING Current
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
Year built
1998
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Serlin,allen Trust
Trust
Free & Clear · 19 yrs held
Mailing address
71 WATER ST APT #203, ASHLAND, OR 97520-1865
Ownership since
2007
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
Apr 26, 2007
$1,150,000
Serlin,allen Trust
Therapeutic Investments LLC
Warranty Deed
—
Mar 14, 2000
$460,000
Therapeutic Investments LLC
Ape Investments LLC
Grant Deed
$444,500 · Bank Of Southern Oregon
Dec 21, 1998
—
Therapeutic Investments LLC
—
Grant Deed
related
$300,000 · Bank Of Southern Oregon
Sep 1, 1998
$80,000
Therapeutic Investments LLC
Terrile,james L
Grant Deed
—
Feb 29, 1984
$22,000
Terrile,james L
Garrett,keith W
Grant Deed
related
—
Nov 4, 1983
—
Garrett,keith W
—
Deed Of Trust
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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