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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Commercial real estate
540 Pne St, Central Point, OR 97502-2445
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-1465192
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
1,610 SF
Lot
0.35 ac (15,246 SF)
Zoning code
TOD-EC
APN
1-0133931
UPID
US71-1465192
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
$2.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Covey Holding LLC · 3 yrs held
Covey Holding LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
TOD-EC · Central Point, 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 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
$2,115,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.00M (Feb 10 2023)
Last sale anchor
$2.00M
Feb 10 2023
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
$1,276 / 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
$8,026
Tax year 2023
Assessed value
$477,030
Assessed 2023
Previous assessed
$463,140
+3.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$176,890
Assessed improvement
$300,140
Land market value
$176,270
Improvement market value
$327,530
Total market value
$503,800
Applied tax rate
607.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
1,610 SF
Lot
0.35 ac (15,246 SF)
Zoning code
TOD-EC
APN
1-0133931
UPID
US71-1465192
Jurisdiction
JACKSON
Zoning & alternative use
TOD-EC · Central Point, OR
Zoning TOD-EC · permitted uses
TOD-EC · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Covey Holding LLC
Entity
Mailing address
PO BOX 1161, MEDFORD, OR 97501-0087
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$2,000,000
Covey Holding LLC
Partridge & Company
Warranty Deed
—
Feb 9, 2018
—
Patridge & Co Of Nevada LLC
—
Deed
related
$1,685,000 · Peoples Bk/commerce
Apr 4, 2014
—
Patridge & Co Of Nevada LLC
Patridge William & B Trust
Quit Claim Deed
related
—
Apr 4, 2014
$2,000,000
Covey Holdings LLC
Patridge & Co Of Nevada LLC
Grant Deed
related
—
Dec 17, 2007
—
Patridge,william & Barbara Trust
—
Deed Of Trust
related
$1,300,000 · Sterling Savings Bank
Feb 23, 2007
—
Patridge,william & Barbara Trust
Patridge,william C & Barbara J
Quit Claim Deed
related
—
Sep 17, 2002
—
William C Patridge
Central Point Lodge #135 Ttee
Grant Deed
$326,500 · Community Bank Of Grants Pass
—
—
William C Patridge
—
Deed Of Trust
related
$245,000 · Peoples Bank Of Commerce
—
—
Patridge & Co Nevada LLC
—
Deed Of Trust
related
$292,000 · Peoples Bk/commerce
—
—
Patridge & Co Of Nevada LLC
—
Deed Of Trust
related
$1,685,000 · Peoples Bk/commerce
—
—
William C Patridge
—
Deed Of Trust
related
$442,000 · Community Bank Of Grants Pass
—
—
William C Patridge
—
Deed Of Trust
related
$640,000 · Community Bank Of Grants Pass
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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