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Financial
Distress signals
Property profile

405 1st St Hermiston, OR 97838

OFF-MARKET
Other office properties
Property ID
US71-1017620
7,184 SF 0.28 ac lot Built 1975
Last sale Sep 2026 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a specialty commercial site located at 405 N 1st St in Hermiston, Oregon. It is operated as a NNN (triple-net) style investment and includes an on-site cellular tower located behind the building, with a cell tower lease associated with that tower.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$529k
Assessed land$166k
Assessed improvement$363k
Effective rate2.15%

Value estimate

· Oct 2026
$300k
$270k – $330k
CAP approach$1.15M
Submarket $/SF estimate$1.09M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$65 – $180
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
ENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESIDENTIAL ZONE (R-4). § 157.029 RECREATIONAL RESIDENTIAL ZONE (RR). Article IV COMMERCIAL ...
General categoryCOMMERCIAL
JurisdictionUMATILLA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility14.2
Storage Facility13.8
Kitchen & Bath13.4

Location

405 1st St Hermiston, OR 97838-1843
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
505 Main, Hermiston, OR 97838-1953 $875,000 May 2024 6,370 SF
114 Main, Hermiston, OR 97838-1838 $360,000 Sep 2023 5,760 SF
236 Newport, Hermiston, OR 97838-2449 $675,000 Oct 2022 4,092 SF
408 Main, Hermiston, OR 97838-1999 $1,044,000 Apr 2022 5,220 SF
106 Gladys, Hermiston, OR 97838 $795,000 Oct 2021 8,552 SF
204 Main, Hermiston, OR 97838-1840 $265,000 Feb 2020 4,238 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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