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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Office buildings
1302 3rd St Bend, OR 97701-4333
Individually Owned
5-yr Hold
Free & Clear
Property ID
US71-0747045
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
7,388 SF
Lot
0.22 ac (9,583 SF)
APN
171233 BB 05000
UPID
US71-0747045
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
-
BestMed Urgent Care Medical Clinic
-
Dr. Keith E. Harrington, MD Physician
-
Jessica J. Oddo, FNP Physician
-
Daly Brian J Physician
-
Dr. Christopher P. Digiulio, MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.31M
Owner & transaction history
State Of Oregon · 5 yrs held
State Of Oregon
since 2021
Last sale
$24,500
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+27.7%
Auto repair, garage
$2.8M
+20.8%
Apartment house (5+ units)
$2.8M
+20.6%
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
OFFICE BUILDING
$2,340,000
Current use
RETAIL STORES
$2,985,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,825,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,820,000
Change: +21% · Conversion: Easy
RESTAURANT
$2,735,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,570,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$2,360,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $25k (Mar 29 2021)
Last sale anchor
$25k
Mar 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
$313 / 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
$15,998
Tax year 2023
Assessed value
$1,000,680
Assessed 2023
Previous assessed
$943,243
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$623,040
Improvement market value
$868,850
Total market value
$1,491,890
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Total area
7,388 SF
Lot
0.22 ac (9,583 SF)
APN
171233 BB 05000
UPID
US71-0747045
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
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
1978
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 218, SISTERS, OR 97759-0218
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2021
—
State Of Oregon
Mountain Medical Group LLC
Quit Claim Deed
related
—
Mar 29, 2021
$24,500
State Of Oregon
Bodtker Building LLC
Warranty Deed
—
Dec 11, 2008
—
Bodtker Building LLC
Reed William R JR & Jan
Grant 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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