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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Manufacturing properties
1125 2nd St, Bend, OR 97701-4545
Individually Owned
Absentee Owner
Free & Clear
Property ID
US71-0868220
Property summary
AI-generated overview
This exceptional 5,050-square-foot property at 1125 NE 2nd Street in Bend, Oregon, presents a unique opportunity for a single tenant. Situated in Deschutes County, this building boasts a versatile design encompassing both executive office space and warehouse functionality, perfectly suited for a business requiring both. The property features a total of 10 parking spaces for convenient employee and client access, along with two drive-in bays for efficient loading and unloading. The zoning is designated Mixed Employment (ME), allowing for a variety of commercial uses. The entire 5,050 square feet is currently vacant, providing immediate occupancy for the new owner. The building's location in Bend, Oregon, offers access to a thriving business community and a desirable lifestyle. The property's address is 1125 NE 2nd St, Bend, OR 97701. This is a single-tenant property, offering a streamlined and efficient workspace. The ample parking and drive-in bays make this an ideal location for businesses requiring easy access and convenient logistics. This versatile space is ready for immediate occupancy and presents a compelling opportunity for a discerning business owner.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Total area
5,050 SF
Lot
0.28 ac (12,197 SF)
APN
171232 AD 02400
UPID
US71-0868220
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
-
Humm Kombucha Taproom Production Facility Brewery & Distillery
-
Manzanita Grill Bend LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.45M
Owner & transaction history
Dennis & Norma Jean Thompson Martia
Dennis & Norma Jean Thompson Martia
since 2025
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+83.0%
Auto repair, garage
$1.9M
+73.2%
Apartment house (5+ units)
$1.9M
+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)
$1,115,000
Current use
RETAIL STORES
$2,040,000
Change: +83% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,930,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,925,000
Change: +73% · Conversion: Difficult
RESTAURANT
$1,870,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,760,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$1,610,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$1,600,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.27M (Jun 30 2025)
Last sale anchor
$1.27M
Jun 30 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
$286 / 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
$8,444
Tax year 2023
Assessed value
$742,300
Assessed 2023
Previous assessed
$699,710
+6.1% YoY
Effective rate
1.14%
On assessed value
Land market value
$392,290
Improvement market value
$678,190
Total market value
$1,070,480
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
3
Total area
5,050 SF
Lot
0.28 ac (12,197 SF)
APN
171232 AD 02400
UPID
US71-0868220
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
$1.1M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
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
1989
Heating
NONE
Buildings
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dennis & Norma Jean Thompson Martia
Individual
Free & Clear · 0 yrs held
Mailing address
17940 PKWY LN, BEND, OR 97703-9168
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Dennis & Norma Jean Thompson Martia
Taylor Development LLC
Bargain & Sale Deed
—
Sep 30, 2025
$1,274,090
Taylor Development LLC
Dennis & Norma Jean Thompson Marita
Warranty Deed
—
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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