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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
515 California Ave North Bend, OR 97459-3452
Entity Owned
Free & Clear
Property ID
US71-0959469
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
15,570 SF
Lot
1.53 ac (66,647 SF)
Zoning code
M-H
APN
25 S 13 W 15 AA 301
UPID
US71-0959469
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
-
Willamette Graystone Inc Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.13M
Owner & transaction history
WILLAMETTE GRAYSTONE, INC
WILLAMETTE GRAYSTONE, INC
Zoning & alternative use
M-H · North Bend, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
esidential Zone R-M 18.24 Residential Transition Zone R-T 18.28 Limited Commercial Zone C-L 18.32 General Commercial Zone C-G 18.36 Central Commercial Zone C-C 18.40 Light Industrial Zone M-L 18.44 Heavy Industrial Zone M-H 18.48 Floodplain Zone F-P 18.50 Tsunami Hazard Overlay Zone 18.52 Airport Zone A-Z 18.56 North Bend Airport Overlay Zoning 18.60 Conditi…
Zone name
Heavy Industrial Zone
General category
RESIDENTIAL
Zone area
210.90 ac
Source
view
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$72 / 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
$9,215
Tax year 2023
Assessed value
$599,020
Assessed 2023
Previous assessed
$581,580
+3.0% YoY
Effective rate
1.54%
On assessed value
Land market value
$530,010
Improvement market value
$408,860
Total market value
$938,870
Applied tax rate
61,360.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Heating
NONE
Total area
15,570 SF
Lot
1.53 ac (66,647 SF)
Zoning code
M-H
APN
25 S 13 W 15 AA 301
UPID
US71-0959469
Jurisdiction
COOS
Zoning & alternative use
M-H · North Bend, ORZoning M-H · permitted uses
M-H · North Bend, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
esidential Zone R-M 18.24 Residential Transition Zone R-T 18.28 Limited Commercial Zone C-L 18.32 General Commercial Zone C-G 18.36 Central Commercial Zone C-C 18.40 Light Industrial Zone M-L 18.44 Heavy Industrial Zone M-H 18.48 Floodplain Zone F-P 18.50 Tsunami Hazard Overlay Zone 18.52 Airport Zone A-Z 18.56 North Bend Airport Overlay Zoning 18.60 Conditional Uses 18.64 Planned Housing Developments 18.68 Off-Street Parking and Loading 1
Zone name
Heavy Industrial Zone
General category
RESIDENTIAL
Zone area
210.90 ac
Source
view
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Lot
1.53 ac
Current owner
From public records · entity-resolved
WILLAMETTE GRAYSTONE, INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 80615, INDIANAPOLIS, IN 46280-0615
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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