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Property profile & analytics
OFF-MARKET
Estimated value
$16,660,000
Retail space
115 Sisemore St Bend, OR 97703
Entity Owned
11-yr Hold
Free & Clear
Property ID
US71-1827492
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2015
Total area
42,185 SF
Lot
2.88 ac (125,453 SF)
APN
171232 DC 13800
UPID
US71-1827492
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
-
Market of Choice Bend Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.66M
Blend (final)
Blend
$16.66M
Owner & transaction history
Lava LLC|wv Colorado Crossing LLC · 11 yrs held
Lava LLC|wv Colorado Crossing LLC
since 2014
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
RETAIL STORES
$17,040,000
Current use
AUTO REPAIR, GARAGE
$16,125,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,095,000
Change: -6% · Conversion: Difficult
RESTAURANT
$15,630,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,700,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$16.66M
Range $14.99M – $18.33M · ±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
$395 / 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
$84,038
Tax year 2023
Assessed value
$5,256,740
Assessed 2023
Previous assessed
$4,903,550
+7.2% YoY
Effective rate
1.60%
On assessed value
Land market value
$5,136,030
Improvement market value
$5,098,120
Total market value
$10,234,150
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
2015
Heating
NONE
Stories
1
Bathrooms
1
Total area
42,185 SF
Lot
2.88 ac (125,453 SF)
APN
171232 DC 13800
UPID
US71-1827492
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
$17.0M
AUTO REPAIR, GARAGE
Est. value
$16.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.1M
RESTAURANT
Est. value
$15.6M
COMMERCIAL (GENERAL)
Est. value
$14.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2015
Heating
NONE
Stories
1
Bathrooms
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Lava LLC|wv Colorado Crossing LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2862 WILLAMETTE ST STE B, EUGENE, OR 97405-3283
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2016
—
Lava LLC
—
Deed
related
$5,700,000 · Umpqua Bk
Nov 17, 2014
$1,775,000
Lava LLC|wv Colorado Crossing LLC
Market Of Choice INC
Grant Deed
—
Oct 14, 2011
$1,170,000
Market Of Choice INC
Willamette Valley Co
Warranty Deed
—
May 26, 2011
$945,000
Willamette Valley Co
Home Fedl Bk
Grant Deed
—
Dec 9, 2010
$1,941,199
Home Fedl Bk
Sheriff Of Deschutes County
Trustees Deed
related
—
Nov 24, 2010
—
Home Fedl Bk
Liberty Bank Eugene Oregon
Grant Deed
related
—
May 12, 2010
$1,941,199
Liberty Bk
Sheriff Of Deschutes County
Trustees Deed
related
—
May 15, 2006
$3,365,000
Colorado Street Dev Ptrs LLC
Devenport Louise R Trust
Warranty Deed
$3,285,000 · Liberty Bank
—
—
Lava LLC
—
Deed Of Trust
related
$5,700,000 · Umpqua Bk
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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