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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Distribution centers
698 Tolman Crk Rd Ashland, OR 97520-1472
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1501971
Property summary
AI-generated overview
This exceptional 6,260-square-foot warehouse, located at 698 Tolman Creek Rd, Ashland, OR 97520, presents a unique opportunity for businesses seeking a state-of-the-art industrial space. Built in 2020, this single-story building boasts a substantial 22-foot clear ceiling height, providing ample vertical space for various operational needs. The property sits on a generous 2.24-acre lot, offering ample room for expansion or outdoor storage. Power is robust, featuring a 200-amp, 480-volt, 3-phase power supply, ensuring sufficient capacity for energy-intensive operations. The warehouse is equipped with a wet sprinkler system, enhancing safety and security. The property is zoned E-1, providing flexibility for a range of industrial uses. Conveniently located near Independent Way, this property offers easy access to major transportation routes. Available for occupancy in February 2024, this modern and efficient warehouse is an ideal solution for businesses seeking a high-quality industrial space in Ashland, Oregon. The APN is 10902142. Don't miss this chance to secure this prime industrial property.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Total area
26,350 SF
Lot
2.24 ac (97,574 SF)
Zoning code
E-1
APN
1-0902142
UPID
US71-1501971
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
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$1.95M
Owner & transaction history
Ipco Development Corp · 26 yrs held
Ipco Development Corp
since 2000
2 recorded transactions
Zoning & alternative use
E-1 · Ashland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.6M
+7.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,390,000
Current use
INDUSTRIAL (GENERAL)
$2,565,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10%
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
$74 / 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
$27,773
Tax year 2023
Assessed value
$1,745,372
Assessed 2023
Previous assessed
$1,721,230
+1.4% YoY
Effective rate
1.59%
On assessed value
Assessed land
$508,712
Assessed improvement
$1,236,660
Land market value
$1,024,530
Improvement market value
$1,334,380
Total market value
$2,358,910
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
2
Total area
26,350 SF
Lot
2.24 ac (97,574 SF)
Zoning code
E-1
APN
1-0902142
UPID
US71-1501971
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1985
Heating
NONE
Buildings
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Ipco Development Corp
Entity
Mailing address
1425 GRN MDWS WAY, ASHLAND, OR 97520-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
May 9, 2000
—
Ipco Development Corp
Independent Printing Co INC
Grant Deed
related
—
—
—
Ipco Development Corp
—
Deed Of Trust
related
$840,000 · Umpqua Bank
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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