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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Industrial land
4100 Empire Dr Prineville, OR 97754-3437
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0246496
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
56.65 ac (2,467,674 SF)
Zoning code
M1; LIGHT INDUSTRIAL
APN
1515020000300
UPID
US71-0246496
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
James A Draper · 4 yrs held
James A Draper
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
M1; LIGHT INDUSTRIAL · Prineville, 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 Prineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prineville 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
$2,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.47M (Aug 3 2021)
Last sale anchor
$2.47M
Aug 3 2021
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
—
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
$23,875
Tax year 2023
Assessed value
$1,573,990
Assessed 2023
Previous assessed
$1,528,150
+3.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$2,410,810
Total market value
$2,410,810
Applied tax rate
38.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
56.65 ac (2,467,674 SF)
Zoning code
M1; LIGHT INDUSTRIAL
APN
1515020000300
UPID
US71-0246496
Jurisdiction
CROOK
Zoning & alternative use
M1; LIGHT INDUSTRIAL · Prineville, OR
Zoning M1; LIGHT INDUSTRIAL · permitted uses
M1; LIGHT INDUSTRIAL · Prineville, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prineville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
56.65 ac
Current owner
From public records · entity-resolved
James A Draper
Individual
Mailing address
7700 SW STILLMAN RD, POWELL BUTTE, OR 97753-1554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
—
James A Draper
—
Deed
related
$5,437,500 · First Community Cu
Aug 3, 2021
$2,467,674
James A Draper
Freund Spencer Investment Group LLC
Warranty Deed
$100,000 · Freund Spencer Group LLC
Oct 12, 2020
—
Funsco LLC
William Franzke
Bargain And Sale Deed
—
Sep 27, 2005
—
Brian M Intelkofer
Jeriko Development INC
Warranty Deed
—
Sep 20, 2005
—
Patel Rakes
Jeriko Development INC
Warranty Deed
—
Jul 28, 2005
$489,398
Craig J Glazier
Jeriko Development INC
Warranty Deed
$342,300 · Columbia River Bank
Jun 9, 2005
$112,908
Gregg Geser
Jeriko Development INC
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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