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Property profile & analytics
OFF-MARKET
Estimated value
$185,000
Medical Office Space
403 Water St Silverton, OR 97381-2136
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-0583959
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1966
Total area
600 SF
Lot
0.16 ac (6,970 SF)
Zoning code
DC
APN
061W35CB12100
UPID
US71-0583959
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
-
Silver Falls Terrariums Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$185k
Owner & transaction history
Gregg E Harris · 2 yrs held
Gregg E Harris
since 2023
Last sale
$152,000
6 recorded transactions
Zoning & alternative use
DC · Silverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended as Silvertons center of vital retail activity, services, entertainment, mixed use, civic buildings and public spaces to preserve and enhance Silvertons downtown as the historic heart of the community.
Zone name
Downtown Commercial
General category
MIXED_USE
Zone area
24.81 ac
Source
Realmo
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 Silverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverton 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
$185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$185k
Range $167k – $204k · ±10% · vs last sale $152k (Aug 16 2023)
Last sale anchor
$152k
Aug 16 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
$308 / 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
$1,447
Tax year 2023
Assessed value
$87,000
Assessed 2023
Previous assessed
$84,470
+3.0% YoY
Effective rate
1.66%
On assessed value
Land market value
$51,260
Improvement market value
$82,600
Total market value
$133,860
Applied tax rate
4,020.0000
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
DENTAL BUILDING
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Total area
600 SF
Lot
0.16 ac (6,970 SF)
Zoning code
DC
APN
061W35CB12100
UPID
US71-0583959
Jurisdiction
MARION
Zoning & alternative use
DC · Silverton, ORZoning DC · permitted uses
DC · Silverton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended as Silvertons center of vital retail activity, services, entertainment, mixed use, civic buildings and public spaces to preserve and enhance Silvertons downtown as the historic heart of the community.
Zone name
Downtown Commercial
General category
MIXED_USE
Zone area
24.81 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Gregg E Harris
Individual
Free & Clear · 2 yrs held
Mailing address
409 S WATER ST, SILVERTON, OR 97381-2136
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
Aug 16, 2023
—
Gregg E Harris
Gregg E Harris
Intrafamily Transfer
related
—
Aug 7, 2023
—
Gregg E Harris
Gregg E Harris
Intrafamily Transfer
related
—
Mar 29, 2021
$152,000
Gregg E Harris
Karen Mckenzie
Warranty Deed
—
Apr 19, 1996
$30,000
Edward Mckenzie
Barrett,joanne E
Grant Deed
$25,000 · Seller
—
—
Betty K Duer
—
Deed Of Trust
related
$130,000 · Fleet National Bank
—
—
Betty K Duer
—
Deed Of Trust
related
$60,600 · Washington Mutual Fsb
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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