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Property profile & analytics
FOR LEASE
Commercial real estate
663 Jefferson Ave a Metolius, OR 97741
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-1113225
For Lease
$1,450/Mo
663 Jefferson Ave,Unit a, Metolius, OR 97741
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
1,536 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C1
APN
111328-AC-04400
UPID
US71-1113225
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
$95k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$95k
Owner & transaction history
Michael R Jewett · 2 yrs held
Michael R Jewett
since 2024
Last sale
$94,000
2 recorded transactions
Zoning & alternative use
C1 · Metolius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Commercial C1 zone is to create and preserve areas suitable for commercial uses and services on broad basis, to strengthen the area as the logical place for people to gather and create a business center and to serve as the central business area for the City
Zone name
Commercial
General category
COMMERCIAL
Zone area
26.63 ac
Source
Realmo
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 Metolius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Metolius 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
$95,000
ML approach
$95,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$95k
Range $86k – $105k · ±10% · vs last sale $94k (Jan 17 2024)
Last sale anchor
$94k
Jan 17 2024
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
$62 / 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
$3,304
Tax year 2023
Assessed value
$168,870
Assessed 2023
Previous assessed
$163,960
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$25,760
Improvement market value
$261,680
Total market value
$287,440
Applied tax rate
140.0000
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
For Lease
Year built
1998
Heating
NONE
Total area
1,536 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C1
APN
111328-AC-04400
UPID
US71-1113225
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Metolius, ORZoning C1 · permitted uses
C1 · Metolius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Commercial C1 zone is to create and preserve areas suitable for commercial uses and services on broad basis, to strengthen the area as the logical place for people to gather and create a business center and to serve as the central business area for the City
Zone name
Commercial
General category
COMMERCIAL
Zone area
26.63 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
Michael R Jewett
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX T T, FLORENCE, OR 97439-0054
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
Michael R Jewett
Michael R Jewett
Intrafamily Transfer
related
—
May 5, 2005
$94,000
Sharon Lea Mitchell
Vernon E Miller
Warranty 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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