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Financial
Distress signals
Property profile

596 Hoffman Rd Independence, OR 97351

FOR SALE
Other industrial land
Property ID
US71-0762765
1.25 ac lot Built 1987
Last sale Jul 2026 · $3,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an industrial facility in Independence, Oregon, historically configured for manufacturing and arranged with multiple work stations. It includes grade-level loading doors, heavy electrical power infrastructure, and a fully built-out office area supporting on-site operations. The site is within a mixed zoning environment that includes Light Industrial (IL) and Heavy Industrial (IH) designations, which can allow uses beyond manufacturing and distribution subject to the applicable…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$631
Tax billed · 2023
Assessed value$33k
Assessed land$33k
Effective rate1.91%

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k
NOI build-up
Gross scheduled income$244
Vacancy & credit loss−$12
Operating expenses−$69
NOI$163

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
$163 estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IH
H. Heavy Industrial (IH) I. Industrial Park (IP) J. Residential Single Family Airpark Overlay (RSA) K. Public Services (PS) L. Willamette...
General categoryINDUSTRIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.5
HVAC Service9.3
Smoke and Vape Shop9.1

Location

596 Hoffman Rd Independence, OR 97351
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Independence, OR 97351 $2,950,000 May 2022 No data
Independence, OR 97351 $348,480 Dec 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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