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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Office Spaces
505 Main St, Hermiston, OR 97838-1953
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US71-0525454
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Total area
6,370 SF
Lot
0.14 ac (5,978 SF)
Zoning code
C-1
APN
4N2811CA05800
UPID
US71-0525454
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
-
American Pacific Mortgage Northwest Loan Service Bank
-
Real Business Solutions Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$820k
Owner & transaction history
Htm Group LLC · 12 yrs held
Htm Group LLC
since 2013
Last sale
$875,000
4 recorded transactions
Zoning & alternative use
C-1 · Hermiston, 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 Hermiston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermiston 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%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $875k (May 15 2024)
Last sale anchor
$875k
May 15 2024
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
$129 / 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
$7,767
Tax year 2023
Assessed value
$360,450
Assessed 2023
Previous assessed
$349,960
+3.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$50,770
Assessed improvement
$309,680
Land market value
$50,950
Improvement market value
$659,090
Total market value
$710,040
Applied tax rate
818.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1976
Heating
NONE
Total area
6,370 SF
Lot
0.14 ac (5,978 SF)
Zoning code
C-1
APN
4N2811CA05800
UPID
US71-0525454
Jurisdiction
UMATILLA
Zoning & alternative use
C-1 · Hermiston, OR
Zoning C-1 · permitted uses
C-1 · Hermiston, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermiston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Htm Group LLC
Entity
Mailing address
505 E MAIN ST, HERMISTON, OR 97838-1953
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2017
—
Htm Group LLC
—
Deed
related
$355,811 · Banner Bank
Sep 10, 2013
—
Htm Group LLC
Kimberly M Arbogast
Bargain And Sale Deed
—
Jul 21, 2011
—
Judith K Wright
Judith K Wright
Intrafamily Transfer
related
—
Jun 20, 2011
—
Baker Boyer Bank
Judith K Wright
Personal Representative 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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