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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Industrial properties
1015 Emkay Dr, Bend, OR 97702-1010
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0968356
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1992
Total area
16,556 SF
Lot
1.24 ac (54,014 SF)
APN
181206 D0 00800
UPID
US71-0968356
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
-
Grace Bio-Labs Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$5.29M
Owner & transaction history
Colorado Point LLC
Colorado Point LLC
since 2025
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.7M
+83.0%
Auto repair, garage
$6.3M
+73.2%
Apartment house (5+ units)
$6.3M
+72.9%
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
INDUSTRIAL (GENERAL)
$3,655,000
Current use
RETAIL STORES
$6,685,000
Change: +83% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,330,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,315,000
Change: +73% · Conversion: Difficult
RESTAURANT
$6,135,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,765,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$5,285,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$5,230,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±10% · vs last sale $5.90M (Jun 4 2025)
Last sale anchor
$5.90M
Jun 4 2025
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
$319 / 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
$30,818
Tax year 2023
Assessed value
$1,927,730
Assessed 2023
Previous assessed
$1,817,080
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,642,540
Improvement market value
$3,437,000
Total market value
$5,079,540
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1992
Heating
NONE
Total area
16,556 SF
Lot
1.24 ac (54,014 SF)
APN
181206 D0 00800
UPID
US71-0968356
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
$3.7M
RETAIL STORES
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
RESTAURANT
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
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
1992
Heating
NONE
Lot
1.24 ac
Current owner
From public records · entity-resolved
Colorado Point LLC
Entity
Mailing address
19590 GRN LKS LOOP, BEND, OR 97702-1092
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$5,900,000
Colorado Point LLC
Rivers East 1 LLC
Warranty Deed
$3,310,000 · Summit Bank
Feb 4, 2021
—
Rivers East I LLC
—
Deed
related
$1,435,000 · Us Bank NA
Nov 30, 2017
—
Rivers East I LLC
—
Deed
related
$1,516,000 · First Interstate Bank
Feb 16, 2017
—
Rivers East I LLC
Rivers East LLC
Quit Claim Deed
—
Mar 28, 2016
$2,000,000
Rivers East LLC
Bellatrix Properties LLC
Warranty Deed
—
Feb 2, 2016
—
Bellatrix Properties LLC
—
Trustees Deed
related
$350,000 · Wells Fargo Bk
May 28, 2010
—
Bellatrix Properties LLC
Bellatrix Systems INC
Quit Claim Deed
—
Dec 19, 2007
—
Bellatrix Systems INC
—
Trustees Deed
related
$350,000 · High Desert 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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