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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Manufacturing properties
1004 Emkay Dr Bend, OR 97702-1592
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0158332
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
18,430 SF
Lot
0.99 ac (43,124 SF)
APN
181206 A0 01700
UPID
US71-0158332
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
Current use
Occupant on record · Public records
-
Norman Wood Products Building Supply Hardware & Home Improvement
-
BCG-Bend Commercial Glass and Door Hardware & Home Improvement Interior Design
-
Dutch American Import Co Inc Big Box & Wholesale Store
-
Cabinet Shop Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.97M
Owner & transaction history
Lyon Holdings INC · 4 yrs held
Lyon Holdings INC
since 2022
Last sale
$3.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.9M
+44.6%
Office building
$5.8M
+43.2%
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 Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bend 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
$3,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,620,000
7%
$2,430,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,065,000
Current use
MEDICAL BUILDING
$5,880,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$5,825,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±10% · vs last sale $3.55M (Mar 12 2021)
Last sale anchor
$3.55M
Mar 12 2021
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
$215 / 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
$25,626
Tax year 2023
Assessed value
$1,602,930
Assessed 2023
Previous assessed
$1,510,930
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,311,820
Improvement market value
$2,532,350
Total market value
$3,844,170
Applied tax rate
1,001.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Heating
NONE
Total area
18,430 SF
Lot
0.99 ac (43,124 SF)
APN
181206 A0 01700
UPID
US71-0158332
Jurisdiction
DESCHUTES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE 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
1993
Heating
NONE
Lot
0.99 ac
Current owner
From public records · entity-resolved
Lyon Holdings INC
Entity
Mailing address
70 SW CENTURY DR STE #100, BEND, OR 97702-3558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 20, 2022
—
Lyon Holdings INC
Lyon Property Holdings LLC
Lease
$1,490,000 · Lyon Property Holdings LLC
Mar 12, 2021
$3,550,000
Lyon Property Holdings LLC
Jacob G C Schep
Warranty Deed
$1,482,300 · Summit Bank
Mar 12, 2021
—
Lyon Property Holdings LLC
—
Deed
related
$1,482,300 · Summit Bank
—
—
Schep Jacob G C Family Trust
—
Deed Of Trust
related
$877,500 · Fairway America LLC
—
—
Schep Jacob G C Family Trust
—
Deed Of Trust
related
$800,000 · Zions First National 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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