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    Property profile & analytics

    505 Main St Cove, OR 97824-8440

    • Retail space
    • 2,488 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Last Sale
    Mar 01, 2022
    Location Intelligence
    Property ID
    US71-1050120
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Steakhouse at Cove / Restaurant / Steak House
    • Lee's Beans / Coffee Stand

    Property Details for 505 Main St

    Year built
    1998
    Lot size
    0.18 lot acres
    Property size
    2,488 SF
    Zone code
    CV-C;COMMERCIAL
    Property type
    Retail space
    APN
    03S4016DD 3100
    APU
    03S4016DD3100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cove
    County
    Union
    State
    Oregon
    Longitude
    -117.813
    Latitude
    45.2968
    CBSA code
    29260
    CBSA name
    LA GRANDE, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,384
    $48,190
    $200,120
    $248,310
    -
    $48,190
    $200,120
    $248,310

    Comparable in this City

    • Value Estimation by Request
      840 SF

      702 Main St

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      702 Main St, Cove, OR 97824-8428
      View Details
    • Value Estimation by Request
      0.14 Acres

      604 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      604 Main St, Cove, OR 97824
      View Details
    • Value Estimation by Request
      1,860 SF

      601 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      601 Main St, Cove, OR 97824-8429
      View Details
    • Value Estimation by Request
      5.03 Acres

      Cove, OR 97824

      INDUSTRIAL - VACANT LAND • 5.03 Acres
      Cove, OR 97824
      View Details
    • Value Estimation by Request
      0.05 Acres

      Cove, OR 97824

      VACANT COMMERCIAL LAND • 0.05 Acres
      Cove, OR 97824
      View Details
    • Value Estimation by Request
      2,250 SF

      Cove, OR 97824

      CHARITABLE ORGANIZATION • 2,250 SF
      Cove, OR 97824
      View Details

    Similar Nearby for Sale

    • $185,000
      2.71 Acres

      Cove, Oregon Land Opportunity

      2.71-acre homesite with panoramic views and water rights.
      Ruth Ln, Cove, OR 97824
      View Details
    • $300,000
      3.89 Acres

      Cove Land with Mountain Views

      3.89 acres with valley and mountain views in Cove, Oregon.
      Antles Ln, Cove, OR 97824
      View Details
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    505 Main St
    Cove, OR 97824-8440
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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