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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Office Spaces
521 Vilas Rd Central Point, OR 97502-3234
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0211515
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
6,000 SF
Lot
1.96 ac (85,378 SF)
Zoning code
AD-MU
APN
1-0181859
UPID
US71-0211515
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
$955k
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.03M
Owner & transaction history
Graddy Commercial Rentals INC · 20 yrs held
Graddy Commercial Rentals INC
since 2005
7 recorded transactions
Zoning & alternative use
AD-MU · Central Point, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+85.9%
Medical building
$1.5M
+73.9%
Neighborhood: shopping center
$1.2M
+43.0%
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 Central Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Point 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%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$870,000
Current use
RESTAURANT
$1,620,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$1,515,000
Change: +74% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,245,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$970,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$172 / 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
$7,854
Tax year 2023
Assessed value
$623,300
Assessed 2023
Previous assessed
$605,150
+3.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$81,220
Assessed improvement
$542,080
Land market value
$264,940
Improvement market value
$489,650
Total market value
$754,590
Applied tax rate
628.0000
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
OTHER
Units
1
Total area
6,000 SF
Lot
1.96 ac (85,378 SF)
Zoning code
AD-MU
APN
1-0181859
UPID
US71-0211515
Jurisdiction
JACKSON
Zoning & alternative use
AD-MU · Central Point, OR
Zoning AD-MU · permitted uses
AD-MU · Central Point, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Central Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$870,000
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$970,000
RETAIL STORES
Est. value
$955,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
OTHER
Units
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Graddy Commercial Rentals INC
Entity
Mailing address
4100 CARLTON AVE, CENTRAL POINT, OR 97502-1750
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2005
—
Graddy Commercial Rentals INC
Graddys Equipment Sales INC
Quit Claim Deed
related
—
Nov 8, 2005
—
Graddys Commercial Rentals INC
Graddys Equipment Sales INC
Quit Claim Deed
—
Aug 23, 1991
$61,250
Robert E Bellamy
Winmill,c Thomas
Grant Deed
related
—
Feb 22, 1988
$31,200
C Thomas Winmill
Christman,robert
Grant Deed
related
—
May 5, 1981
—
Christman,robert
—
Deed Of Trust
related
—
—
—
Graddy Commercial Rentals INC
—
Deed Of Trust
related
$30,000 · Premierwest Bank
—
—
Robert E Bellamy
—
Deed Of Trust
related
$100,000 · Individual
—
—
Bellamy Lumber Company
—
Deed Of Trust
related
$31,280 · Blackhurst Hornecker Hassen &
—
—
Wayne Graddy
—
Deed Of Trust
related
$250,000 · Premierwest Bank
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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