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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
622 Water St, Silverton, OR 97381-1047
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-0945274
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
2,120 SF
Lot
0.28 ac (12,197 SF)
Zoning code
GC
APN
061W34AA00900
UPID
US71-0945274
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
$425k
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$695k
Owner & transaction history
Old Depot Property LLC · 3 yrs held
Old Depot Property LLC
since 2023
Last sale
$805,000
7 recorded transactions
Zoning & alternative use
GC · Silverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+30.6%
Medical building
$680,000
+17.6%
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 Silverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverton 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%
$460,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $805k (Apr 20 2023)
Last sale anchor
$805k
Apr 20 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
$328 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,484
Tax year 2021
Previous assessed
$145,520
Land market value
$74,250
Improvement market value
$208,130
Total market value
$282,380
Applied tax rate
4,920.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
2,120 SF
Lot
0.28 ac (12,197 SF)
Zoning code
GC
APN
061W34AA00900
UPID
US71-0945274
Jurisdiction
MARION
Zoning & alternative use
GC · Silverton, OR
Zoning GC · permitted uses
GC · Silverton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$755,000
MEDICAL BUILDING
Est. value
$680,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1962
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Old Depot Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4673 KINGSTON CT NE, SALEM, OR 97305-2240
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
—
Old Depot Property LLC
Old Depot Property LLC
Intrafamily Transfer
related
—
Feb 25, 2021
—
Old Depot Properties LLC
—
Deed
related
$1,356,450 · Willamette Vly Bk
Jun 23, 2020
—
Old Depot Properties LLC
—
Deed
related
$1,058,025 · Willamette Vly Bk
Jan 15, 2020
$805,000
Old Depot Property LLC
Stumptown Properties LLC
Warranty Deed
—
Apr 12, 2019
$805,000
Old Depot Property LLC
Stumptown Properties LLC
Warranty Deed
$860,000 · Willamette Vly Bk
—
—
Old Depot Properties LLC
—
Loan Modification
related
$1,058,025 · Willamette Vly Bk
—
—
Old Depot Properties LLC
—
Loan Modification
related
$1,356,450 · Willamette Vly Bk
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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