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Property profile & analytics
FOR SALE
Commercial real estate
1033 NW Bond St Bend, OR 97703
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0482665
For Sale
1 / 9
$5,000,000
1033 NW Bond St, Bend, OR 97703
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
8,000 SF
Lot
0.16 ac (6,970 SF)
APN
171232 AC 07300
UPID
US71-0482665
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
-
Bend Comedy Nightclub Theater & Performing Art Venue
-
Paul Hackett Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
The Downing Hotal And Cafe LLC · 3 yrs held
The Downing Hotal And Cafe LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+15.9%
Auto repair, garage
$3.1M
+9.7%
Apartment house (5+ units)
$3.1M
+9.5%
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
$2,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,735,000
7%
$1,610,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,790,000
Current use
RETAIL STORES
$3,230,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,060,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,055,000
Change: +10% · Conversion: Moderate
RESTAURANT
$2,965,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$2,555,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$2,495,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.45M (Nov 7 2022)
Last sale anchor
$2.45M
Nov 7 2022
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
$280 / 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
$23,865
Tax year 2023
Assessed value
$1,492,820
Assessed 2023
Previous assessed
$1,407,130
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,658,380
Improvement market value
$1,658,400
Total market value
$3,316,780
Applied tax rate
1,061.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1920
Heating
NONE
Buildings
2
Total area
8,000 SF
Lot
0.16 ac (6,970 SF)
APN
171232 AC 07300
UPID
US71-0482665
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
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
RETAIL STORES
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1920
Heating
NONE
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
The Downing Hotal And Cafe LLC
Entity
Mailing address
222 W CAMINO ALTURAS, PALM SPRINGS, CA 92264-8980
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Downing Hotel And Cafe LLC
—
Deed
related
$1,500,000 · Selco Community Cu
Dec 28, 2023
—
The Downing Hotel And Cafa LLC
—
Deed
related
$400,000 · Selco Community Cu
Jan 5, 2023
—
The Downing Hotel And Cafe LLC
—
Deed
related
$500,000 · Selco Community Cu
Nov 7, 2022
$2,450,000
The Downing Hotal And Cafe LLC
Maverick Decatur Georgia LLC
Warranty Deed
—
Jan 25, 2010
—
Maverick Decatur Georgia LLC
Bond Street Holdings LLC
Deed In Lieu Of Foreclosure
—
Jul 8, 2005
$2,500,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
—
Jul 8, 2005
$2,200,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
—
—
—
Chester P Hackett
—
Deed Of Trust
related
$380,000 · Liberty Bank
—
—
Chester P Hackett
—
Deed Of Trust
related
$15,000 · Urban Renewal Agency
—
—
Chester P Hackett
—
Deed Of Trust
related
$53,297 · Oregon State
—
—
Bond Street Holdings LLC
—
Deed Of Trust
related
—
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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