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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Distribution centers
470 Applegate Way Ashland, OR 97520-9303
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0200736
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Total area
8,000 SF
Lot
0.55 ac (23,958 SF)
Zoning code
E-1
APN
1-0919031
UPID
US71-0200736
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
$666k
Blend (final)
Blend
$555k
Owner & transaction history
Applegate Industrial Arts LLC · 18 yrs held
Applegate Industrial Arts LLC
since 2007
7 recorded transactions
Zoning & alternative use
E-1 · Ashland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$780,000
+7.4%
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
WAREHOUSE, STORAGE
$725,000
Current use
INDUSTRIAL (GENERAL)
$780,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$69 / 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
$6,601
Tax year 2023
Assessed value
$434,670
Assessed 2023
Previous assessed
$434,670
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$115,400
Assessed improvement
$319,270
Land market value
$136,080
Improvement market value
$376,490
Total market value
$512,570
Applied tax rate
515.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2003
Heating
NONE
Total area
8,000 SF
Lot
0.55 ac (23,958 SF)
Zoning code
E-1
APN
1-0919031
UPID
US71-0200736
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
WAREHOUSE, STORAGE Current
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$780,000
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
2003
Heating
NONE
Lot
0.55 ac
Current owner
From public records · entity-resolved
Applegate Industrial Arts LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2305 ASHLAND ST STE #104, ASHLAND, OR 97520-3777
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2007
—
Applegate Industrial Arts LLC
Robertson,william P
Warranty Deed
—
Nov 20, 2007
—
William P Robertson
Robertson,william P
Quit Claim Deed
related
—
Nov 20, 2007
$560,000
William P Robertson
Lawyers Exchange-merrick LLC
Warranty Deed
$121,000 · Big Rock Investments LLC
Jun 29, 2007
—
Lawyers Exchange-merrick LLC
Merrick,randall M & Cheryl R
Quit Claim Deed
related
—
Apr 28, 2004
$202,200
William P Robertson
Fabricant,stephen J
Grant Deed
—
Apr 28, 2004
—
Randall M Merrick
Megalafa INC
Grant Deed
related
—
Nov 22, 2002
—
Magalafa INC
Megalafa LLC
Grant Deed
$359,000 · Scott Valley Bank
Jul 20, 2000
$79,500
Megalafa LLC
Page Two Partners
Grant Deed
$59,500 · Seller
—
—
Applegate Industrial Arts LLC
—
Deed Of Trust
related
$268,713 · Big Rock Investments LLC
—
—
Randal M Merrick
—
Deed Of Trust
related
$354,000 · Scott Valley Bank
—
—
William P Robertson
—
Deed Of Trust
related
$33,575 · Stephen J Fabricant
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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