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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
731 Main St, Ashland, OR 97520-1752
Entity Owned
Free & Clear
Property ID
US71-0693751
Property summary
AI-generated overview
This exceptional 1,713-square-foot Class A office space, located on Main Street near downtown Ashland, is perfectly suited for a variety of professional uses. Recently renovated in 2024, this single-tenant building boasts a fresh, modern aesthetic. The interior layout includes four private offices, a dedicated conference room, a restroom, and ample storage space. The high ceilings, measuring 9 feet, contribute to a spacious and airy feel. The property sits on a 1.713-acre lot and includes 8 total parking spaces, offering convenient access for staff and clients. The building benefits from a strong surrounding community, including residential condo owners and established professional businesses. Utilities are 3-Net. The property features 300 Amps of power. No elevator is present. The zoning is R-2, and the Assessor's Parcel Number (APN) is 10982922. Built in 2003, this property offers a blend of established infrastructure and contemporary upgrades, making it an ideal location for discerning businesses seeking a prestigious and functional workspace. The property is conveniently located near Grant St. Annual property taxes are $0.26 per square foot.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
4,668 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R-2
APN
1-0982922
UPID
US71-0693751
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
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
HILLVIEW RESIDENCES LLC
HILLVIEW RESIDENCES LLC
Zoning & alternative use
R-2 · 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%
$1,130,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$161 / 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
$15,237
Tax year 2023
Assessed value
$957,570
Assessed 2023
Previous assessed
$929,680
+3.0% YoY
Effective rate
1.59%
On assessed value
Assessed improvement
$957,570
Improvement market value
$1,410,700
Total market value
$1,410,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Total area
4,668 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R-2
APN
1-0982922
UPID
US71-0693751
Jurisdiction
JACKSON
Zoning & alternative use
R-2 · Ashland, OR
Zoning R-2 · permitted uses
R-2 · 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
MEDICAL BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING Current
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
2003
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
HILLVIEW RESIDENCES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1145, ASHLAND, OR 97520-0039
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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