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Property profile & analytics
OFF-MARKET
Estimated value
$9,235,000
Office buildings
1070 Bond St Bend, OR 97703-2044
Entity Owned
22-yr Hold
Free & Clear
Property ID
US71-0354790
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
26,023 SF
Lot
0.24 ac (10,454 SF)
APN
171232 AC 07800
UPID
US71-0354790
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
-
Brosterhouse Storage Storage Facility
-
First Interstate Bank Bank Loan Service
-
Bank of the Cascades Bank Credit Union
-
First Interstate Bank - Home Loans: Matt Davidson Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.23M
Blend (final)
Blend
$9.24M
Owner & transaction history
Bank Of The Cascades · 22 yrs held
Bank Of The Cascades
since 2004
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.5M
+29.5%
Auto repair, garage
$9.9M
+22.6%
Apartment house (5+ units)
$9.9M
+22.4%
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
$8,115,000
Current use
RETAIL STORES
$10,510,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,945,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,930,000
Change: +22% · Conversion: Easy
RESTAURANT
$9,640,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,070,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$8,305,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$9.24M
Range $8.31M – $10.16M · ±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
$355 / 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
$80,841
Tax year 2023
Assessed value
$5,056,740
Assessed 2023
Previous assessed
$4,766,470
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$2,979,230
Improvement market value
$7,367,680
Total market value
$10,346,910
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
NONE
Total area
26,023 SF
Lot
0.24 ac (10,454 SF)
APN
171232 AC 07800
UPID
US71-0354790
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
$8.1M
RETAIL STORES
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
RESTAURANT
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$8.3M
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
1989
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Bank Of The Cascades
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 30918, BILLINGS, MT 59116-0918
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2004
—
Bank Of The Cascades
Mosgrove,shauna L
Warranty Deed
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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