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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Office Spaces
51 Water St, Ashland, OR 97520-1841
Trust Owned
17-yr Hold
Free & Clear
Property ID
US71-0506576
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
6,633 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
1-0873585
UPID
US71-0506576
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
-
The Blue Giraffe Spa & Salon Spa & Massage Center
-
Beasy's On the Creek Restaurant
-
Scheneider Richard A Law Firm
-
Dr. J.C. Morris Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.21M
Owner & transaction history
Lmh Charitable Remainder Trust · 17 yrs held
Lmh Charitable Remainder Trust
since 2008
3 recorded transactions
Zoning & alternative use
C-1 · Ashland, 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 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%
$1,145,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,905,000
Current use
RESTAURANT
$1,640,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$1,565,000
Change: -18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,535,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$182 / 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
$18,081
Tax year 2023
Assessed value
$1,136,310
Assessed 2023
Previous assessed
$1,103,220
+3.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$286,520
Assessed improvement
$849,790
Land market value
$407,780
Improvement market value
$1,209,550
Total market value
$1,617,330
Applied tax rate
501.0000
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
Heating
NONE
Total area
6,633 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
1-0873585
UPID
US71-0506576
Jurisdiction
JACKSON
Zoning & alternative use
C-1 · Ashland, OR
Zoning C-1 · permitted uses
C-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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Lmh Charitable Remainder Trust
Trust
Free & Clear · 17 yrs held
Mailing address
51 WATER ST STE #222, ASHLAND, OR 97520-1841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2008
—
Lmh Charitable Remainder Trust
Haines,lloyd M
Warranty Deed
related
—
—
—
Lloyd M Haines
—
Deed Of Trust
related
$350,000 · Us Bank NA
—
—
Lloyd M Haines
—
Deed Of Trust
related
$900,000 · Us Bank NA
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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