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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Office buildings
1011 Emkay Dr, Bend, OR 97702-3162
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0068224
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
19,964 SF
Lot
1.24 ac (54,014 SF)
APN
181206 D0 00900
UPID
US71-0068224
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
-
Holistic Therapy Services, LLC Crisis Center Medical Clinic
-
Fortress Tax Relief Law Firm
-
Complete Wellness Mental Health Clinic Mental Health Service
-
Cascade College Advisors High School Vocational School
-
QVI Risk Solutions Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.00M
Owner & transaction history
403 Nw Greenwood LLC · 1 yrs held
403 Nw Greenwood LLC
since 2024
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.1M
+27.8%
Auto repair, garage
$7.6M
+20.9%
Apartment house (5+ units)
$7.6M
+20.7%
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
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
$6,310,000
Current use
RETAIL STORES
$8,065,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,630,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,620,000
Change: +21% · Conversion: Easy
RESTAURANT
$7,395,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,950,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$6,370,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±10% · vs last sale $4.46M (Jun 4 2024)
Last sale anchor
$4.46M
Jun 4 2024
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
$250 / 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
$45,179
Tax year 2023
Assessed value
$2,826,040
Assessed 2023
Previous assessed
$2,663,820
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$2,906,950
Improvement market value
$1,888,900
Total market value
$4,795,850
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
NONE
Total area
19,964 SF
Lot
1.24 ac (54,014 SF)
APN
181206 D0 00900
UPID
US71-0068224
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
OFFICE BUILDING Current
Est. value
$6.3M
RETAIL STORES
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
RESTAURANT
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.4M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Lot
1.24 ac
Current owner
From public records · entity-resolved
403 Nw Greenwood LLC
Entity
Mailing address
14154 PO BOX 4938TH LN, SUNRIVER, OR 97707-4938
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 4, 2024
$4,459,000
403 Nw Greenwood LLC
Hakuaina LLC
Warranty Deed
$2,200,000 · Hakuaina LLC
Jun 30, 2006
$3,500,000
Hakuaina LLC
Mallard Investments INC
Warranty Deed
$1,650,000 · Bankers Mutual
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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