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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Warehouses
115 Columbia St, Bend, OR 97702-1014
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0399831
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Total area
20,000 SF
Lot
2.17 ac (94,525 SF)
APN
181206 AA 01900
UPID
US71-0399831
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.63M
Owner & transaction history
Fredland LLC · 6 yrs held
Fredland LLC
since 2019
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
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
WAREHOUSE, STORAGE
$4,905,000
Current use
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±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
$182 / 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
$19,886
Tax year 2023
Assessed value
$1,256,470
Assessed 2023
Previous assessed
$1,184,360
+6.1% YoY
Effective rate
1.58%
On assessed value
Land market value
$1,719,380
Improvement market value
$4,173,320
Total market value
$5,892,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Heating
NONE
Total area
20,000 SF
Lot
2.17 ac (94,525 SF)
APN
181206 AA 01900
UPID
US71-0399831
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
WAREHOUSE, STORAGE Current
Est. value
$4.9M
WAREHOUSE, STORAGE Current
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
1976
Heating
NONE
Lot
2.17 ac
Current owner
From public records · entity-resolved
Fredland LLC
Entity
Mailing address
68879 CHESTNUT DR, SISTERS, OR 97759-9601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
$3,320,000
Fredland LLC
Nosler Investments LLC
Warranty Deed
$2,015,000 · Columbia State Bank
Mar 2, 2018
—
Nosier Investments LLC
—
Deed
related
$1,084,000 · Columbia St Bk-portland Cbc 1
Dec 15, 2014
—
Ld Acquisition Co 9 LLC
—
Loan Modification
related
$390,000,000 · Suntrust Bk
Dec 21, 2012
—
Ld Acquisition Co 9 LLC
—
Deed Of Trust
related
$45,000,000 · Bank Of America
Jun 8, 2012
$1,000,000
Nosler Investments LLC
Mt Bachelor INC
Warranty Deed
—
May 27, 2011
—
Mt Bachelor INC
—
Deed Of Trust
related
$340,000,000 · Bank Of America
Dec 18, 2009
—
Mt Bachelor INC
—
Deed Of Trust
related
$176,375,420 · Bank Of America
—
—
Nosler Investments LLC
—
Deed Of Trust
related
$900,000 · Columbia State Bank
—
—
Nosler Investments LLC
—
Loan Modification
related
$1,047,900 · Columbia State Bank
—
—
Nosier Investments LLC
—
Loan Modification
related
$1,084,000 · Columbia St Bk-portland Cbc 1
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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