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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Retail space
1346 Galveston Ave Bend, OR 97703-2436
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-0061410
Property summary
AI-generated overview
This exceptional 1,792 square foot retail property, built in 1991, is located at 1346 NW Galveston Ave, Bend, Oregon, 97703, in Deschutes County. Zoned Commercial Convenience (CC), it offers a wide-open layout with high-end finishes and abundant natural light from large windows across the entire front. The property boasts excellent visibility and monument signage opportunities on busy Galveston Avenue, which sees a high average daily traffic count of 12,800 (AADT 2022). Six on-site parking spaces provide convenient access directly off Galveston Avenue. The 0.13-acre lot provides ample space for customers and staff. This property presents a unique opportunity for businesses seeking maximum exposure and accessibility in a thriving Bend location. The asking price is $1,495,000.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1991
Total area
1,792 SF
Lot
0.13 ac (5,663 SF)
APN
171231 DB 06700
UPID
US71-0061410
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
$1.07M
Blend (final)
Blend
$1.23M
Owner & transaction history
1346 Nw Galveston LLC · 3 yrs held
1346 Nw Galveston LLC
since 2023
Last sale
$1.4M
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
$1,235,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.37M (Apr 18 2023)
Last sale anchor
$1.37M
Apr 18 2023
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
$684 / 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
$6,787
Tax year 2023
Assessed value
$424,560
Assessed 2023
Previous assessed
$400,200
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$452,330
Improvement market value
$648,010
Total market value
$1,100,340
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
1991
Heating
NONE
Total area
1,792 SF
Lot
0.13 ac (5,663 SF)
APN
171231 DB 06700
UPID
US71-0061410
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
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
1346 Nw Galveston LLC
Entity
Free & Clear · 3 yrs held
Mailing address
61846 HOSMER LK DR, BEND, OR 97702-3771
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$1,367,500
1346 Nw Galveston LLC
Cashman Properties LLC
Warranty Deed
—
Sep 26, 2012
—
Cashman John W & Heather A Trust
Cashman,john W & Heather A
Quit Claim Deed
related
—
Mar 31, 2011
$455,000
John W Cashman
Loyl Grapes LLC
Warranty Deed
$409,500 · Us Bank NA
Oct 27, 2010
—
Geo Ents LLC
Rick Peak Dev LLC
Quit Claim Deed
related
—
Jan 8, 2010
—
Geo Ents LLC
Wilkinson,peter J
Grant Deed
related
—
Dec 29, 2009
—
Geo Ents LLC
Wilkinson,peter J
Deed In Lieu Of Foreclosure
—
Jun 19, 2007
$650,000
Owner Name Unavailable
Owner Name Unavailable
Grant 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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