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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
Manufacturing properties
1266 Lk Rd, Redmond, OR 97756-8611
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1009836
Property summary
AI-generated overview
This exceptional sublease opportunity presents a 33,725-square-foot warehouse situated on a 2.99-acre lot in Deschutes County, Redmond. The property boasts a single-tenant occupancy within a complex of three buildings, offering convenient access to Highway 97 via Veterans Way. The warehouse features a combination of grade-level and dock-high loading bays, ensuring efficient material handling. Power is provided by a robust 1200v 3-phase electrical system, suitable for a variety of industrial uses. The property includes extensively upgraded office and warehouse spaces, creating a highly desirable and functional work environment. Beyond the main building, a gated yard provides ample secure outdoor storage for vehicles and equipment. This is an ideal location for businesses seeking a well-maintained, spacious, and strategically located warehouse facility. The property is classified as Industrial and Land, with Commercial subtype. The total building area encompasses 33,725 square feet, distributed across one suite. This sublease presents a rare chance to secure a high-quality industrial space in a thriving location. Contact us today to arrange a viewing and explore the possibilities.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Total area
16,350 SF
Lot
2.99 ac (130,244 SF)
APN
151316 DD 00107
UPID
US71-1009836
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
$2.33M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.55M
Owner & transaction history
Charron Properties Incorporated · 4 yrs held
Charron Properties Incorporated
since 2021
Last sale
$3.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.3M
+110.9%
Medical building
$5.2M
+106.1%
Office building
$4.5M
+76.5%
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 Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond 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
$4,315,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,515,000
6.5%
$2,325,000
7%
$2,155,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,530,000
Current use
RETAIL STORES
$5,340,000
Change: +111% · Conversion: Moderate
MEDICAL BUILDING
$5,220,000
Change: +106% · Conversion: Difficult
OFFICE BUILDING
$4,470,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.19M – $3.90M · ±10% · vs last sale $3.61M (Oct 15 2021)
Last sale anchor
$3.61M
Oct 15 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
$217 / 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
$31,037
Tax year 2023
Assessed value
$2,768,130
Assessed 2023
Previous assessed
$1,377,110
+101.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$353,490
Improvement market value
$4,960,080
Total market value
$5,313,570
Applied tax rate
2,001.0000
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
1988
Heating
NONE
Buildings
5
Total area
16,350 SF
Lot
2.99 ac (130,244 SF)
APN
151316 DD 00107
UPID
US71-1009836
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
$2.5M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1988
Heating
NONE
Buildings
5
Lot
2.99 ac
Current owner
From public records · entity-resolved
Charron Properties Incorporated
Entity
Free & Clear · 4 yrs held
Mailing address
8670 LEAVESLEY RD, GILROY, CA 95020-9112
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$3,611,375
Charron Properties Incorporated
James Robert Ullrich
Special Warranty Deed
—
Jul 13, 2020
—
Ullrich Family Trust
William R Ullrich
Quit Claim 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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