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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office Spaces
542 Washington St, Ashland, OR 97520-1776
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1874717
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Total area
4,512 SF
Lot
0.15 ac (6,534 SF)
Zoning code
E-1
APN
1-0968996
UPID
US71-1874717
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
-
Rogue Psychoanalytic Physician
-
Absolute Realty Real Estate Agency
-
Inkzappers Laser Tattoo Removal Tattoo & Piercing Shop
-
Col Douglas PhD Physician Medical Clinic
-
SilverTree Wealth Partners Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$960k
Owner & transaction history
Erickson Construction LLC · 1 yrs held
Erickson Construction LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
E-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%
$780,000
6.5%
$720,000
7%
$665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,295,000
Current use
MEDICAL BUILDING
$1,065,000
Change: -18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $1.05M (Apr 1 2025)
Last sale anchor
$1.05M
Apr 1 2025
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
$213 / 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
$9,932
Tax year 2023
Assessed value
$664,700
Assessed 2023
Previous assessed
$645,340
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$201,590
Assessed improvement
$463,110
Land market value
$129,700
Improvement market value
$580,800
Total market value
$710,500
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
Year built
2006
Heating
NONE
Total area
4,512 SF
Lot
0.15 ac (6,534 SF)
Zoning code
E-1
APN
1-0968996
UPID
US71-1874717
Jurisdiction
JACKSON
Zoning & alternative use
E-1 · Ashland, OR
Zoning E-1 · permitted uses
E-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
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
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
Year built
2006
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Erickson Construction LLC
Entity
Free & Clear · 1 yrs held
Mailing address
100 S FOOTHILL RD, MEDFORD, OR 97504-7748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 1, 2025
$1,050,000
Erickson Construction LLC
Eqt Tr Co Custodian
Bargain & Sale Deed
—
Mar 29, 2019
$775,000
Equity Trust Co Custodian
Nellessen Arthur F F/tr
Warranty Deed
$425,000 · Nellessen Arthur F F/tr (pt)
Mar 29, 2019
—
Nellessen,arthur F Family Trust
Nellessen,arthur F
Quit Claim Deed
related
—
May 18, 2018
—
Arthur F Nellessen
Nellessen A F & M M 2008
Quit Claim Deed
related
—
Nov 25, 2008
—
Nellessen,arthur F & M M 2 Trust
Nellessen,arthur F
Quit Claim Deed
related
—
Mar 5, 2007
$935,000
Arthur F Nellessen
Irvine Investments INC
Warranty Deed
—
Dec 22, 2005
—
Irvine Investments INC
Irvine,doug & Dionne
Quit Claim Deed
related
—
Oct 7, 2004
—
Doug Irvine
—
Trustees Deed
related
$750,000 · Bank Of The Cascades
Jan 29, 2004
$155,000
Doug Irvine
Washington Plaza Developement
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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