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    Property profile & analytics

    Hwy 62 Prospect, OR 97536

    • Hotels
    • 4,200 SF
    • 22,350.82 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Last Sale
    Oct 28, 2021
    Location Intelligence
    Property ID
    US71-1469139
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for Hwy 62

    Lot size
    22,350.82 lot acres
    Property size
    4,200 SF
    Property type
    Hotels
    APN
    1-0507835
    APU
    10507835

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    Jackson
    State
    Oregon
    Longitude
    -122.461
    Latitude
    42.8681
    CBSA code
    32780
    CBSA name
    MEDFORD, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,052
    $0.00
    $253,610
    $253,610
    -
    $0.00
    $358,880
    $358,880

    Comparable in this City

    • Value Estimation
      $450,000
      660 SF

      Hwy 62

      HOTEL-RESORT • 660 SF
      Hwy 62, Prospect, OR 97536
      View Details
    • Value Estimation by Request
      9,048 SF

      391 Ml Crk Dr

      HOTEL-RESORT • 9,048 SF
      391 Ml Crk Dr, Prospect, OR 97536-9756
      View Details
    • Value Estimation by Request
      1,000 SF

      291 Ml Crk Dr

      COMMERCIAL (GENERAL) • 1,000 SF
      291 Ml Crk Dr, Prospect, OR 97536-9722
      View Details
    • Value Estimation by Request
      141.04 Acres

      School Marm Cr Rd

      CENTRALLY ASSESSED • 141.04 Acres
      School Marm Cr Rd, Prospect, OR 97536
      View Details
    • Value Estimation by Request
      651.74 Acres

      2555 Ulrich Rd

      RADIO OR TV STATION • 651.74 Acres
      2555 Ulrich Rd, Prospect, OR 97536
      View Details
    • Value Estimation
      $245,000
      6,250 SF

      Ml Cr Dr

      MINI-WAREHOUSE, STORAGE • 6,250 SF
      Ml Cr Dr, Prospect, OR 97536
      View Details

    Similar Nearby for Sale

    • New
      $130,000
      0.62 Acres

      Prospect, Oregon Commercial Land

      0.62-acre lot with utilities in Prospect, Oregon.
      285 Mill Creek Dr, Prospect, OR 97536
      View Details
    • $130,000
      0.62 Acres

      Prospect, Oregon Commercial Land

      0.62-acre lot with utilities in Prospect, Oregon.
      285 Mill Creek Dr, Prospect, OR 97536
      View Details
    • $300,000
      1,188 SF

      Home Near Lost Creek Lake

      Well-maintained 3-bedroom home near Lost Creek Lake.
      102 Manzanita Dr, Prospect, OR 97536
      View Details
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    Hwy 62
    Prospect, OR 97536
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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