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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Retail space
1124 Newport Ave Bend, OR 97703-1620
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0519264
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1915
Total area
2,428 SF
Lot
0.13 ac (5,663 SF)
APN
171231 AA 05200
UPID
US71-0519264
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
-
the Pantry Cafe & Coffee Shop
-
Grey Duck Ice Cream Grocery & Convenience Store Specialty Food Shop
-
A Broken Angel ~ Vegan Food Cart + Catering Restaurant
-
Bar Fiori Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$1.05M
Owner & transaction history
Patronas Rubini LLC · 5 yrs held
Patronas Rubini LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
RETAIL STORES
$980,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$845,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.30M (Apr 29 2021)
Last sale anchor
$1.30M
Apr 29 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
$432 / 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
$3,408
Tax year 2023
Assessed value
$213,150
Assessed 2023
Previous assessed
$200,930
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$511,490
Improvement market value
$973,800
Total market value
$1,485,290
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
2
Total area
2,428 SF
Lot
0.13 ac (5,663 SF)
APN
171231 AA 05200
UPID
US71-0519264
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
RETAIL STORES Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$845,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1915
Heating
NONE
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Patronas Rubini LLC
Entity
Mailing address
3304 NW FAIRWAY HTS DR, BEND, OR 97703-6826
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
$1,300,000
Patronas Rubini LLC
1124 Newport Partners LLC
Warranty Deed
—
Nov 19, 2020
—
1124 Newport Partners LLC
—
Deed
related
$650,000 · First Interstate Bank
Aug 24, 2018
—
1124 Newport Partners LLC
—
Deed
related
$225,000 · Bruckner Allan D Charitab (ct)
Sep 18, 2017
$765,000
1124 Newport Partners LLC
Devore,robert L & Mary J
Warranty Deed
$565,000 · Robert L & Mary J Devore
—
—
Robert L Devore
—
Deed Of Trust
related
$158,972 · Umpqua Bank
—
—
Robert L Devore
—
Deed Of Trust
related
$130,000 · Bank Of The Cascades
—
—
1124 Newport Partners LLC
—
Deed Of Trust
related
$225,000 · Bruckner Allan D Charitab (ct)
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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