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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
Sublimity, OR 97385
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-1264178
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
2,104 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C
APN
081W34CA02300
UPID
US71-1264178
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
$563k
Blend (final)
Blend
$565k
Owner & transaction history
Milan E Castillo · 7 yrs held
Milan E Castillo
since 2019
5 recorded transactions
Zoning & alternative use
C · Sublimity, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide areas for the broad range of commercial operations and services required to meet the economic needs of the City of Sublimity.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
60.63 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$750,000
+30.6%
Medical building
$675,000
+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 Sublimity submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sublimity 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
OFFICE BUILDING
$575,000
Current use
AUTO REPAIR, GARAGE
$750,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$269 / 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
$2,956
Tax year 2021
Assessed value
$248,180
Assessed 2023
Previous assessed
$240,960
+3.0% YoY
Effective rate
1.19%
On assessed value
Land market value
$50,400
Improvement market value
$292,230
Total market value
$342,630
Applied tax rate
29,180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2008
Heating
NONE
Stories
1
Total area
2,104 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C
APN
081W34CA02300
UPID
US71-1264178
Jurisdiction
MARION
Zoning & alternative use
C · Sublimity, ORZoning C · permitted uses
C · Sublimity, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide areas for the broad range of commercial operations and services required to meet the economic needs of the City of Sublimity.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
60.63 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$750,000
MEDICAL BUILDING
Est. value
$675,000
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
2008
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Milan E Castillo
Individual
Mailing address
7807 ALBUS RD SE, AUMSVILLE, OR 97325-9715
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
$200,000
Milan E Castillo
Tabor,stephen L & Bonnie J
Warranty Deed
$225,000 · Stephen L & Bonnie J Tabor
May 8, 2009
$40,000
Connie L Flowers
Tabor,stephen L & Bonnie J
Warranty Deed
—
Aug 11, 2006
$80,000
Stephen L Tabor
Heuberger,raymond P
Warranty Deed
$80,000 · Raymond P Heuberger
—
—
Stephen L Tabor
—
Deed Of Trust
related
$155,000 · Novella C Yeley
—
—
Stephen L Tabor
—
Deed Of Trust
related
$450,000 · Kinler Robert J Trust (tr)
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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