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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Commercial land
1350 Colorado Ave, Bend, OR 97702-3893
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0622602
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1995
Total area
17,004 SF
Lot
1.89 ac (82,328 SF)
APN
181206 D0 01800
UPID
US71-0622602
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
-
Pine Ridge Inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$3.14M
Owner & transaction history
Hh Bend LLC · 4 yrs held
Hh Bend LLC
since 2022
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
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$184 / 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
$14,441
Tax year 2023
Assessed value
$903,330
Assessed 2023
Previous assessed
$175,192
+415.6% YoY
Effective rate
1.60%
On assessed value
Land market value
$3,705,000
Total market value
$3,705,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1995
Heating
NONE
Total area
17,004 SF
Lot
1.89 ac (82,328 SF)
APN
181206 D0 01800
UPID
US71-0622602
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
1995
Heating
NONE
Lot
1.89 ac
Current owner
From public records · entity-resolved
Hh Bend LLC
Entity
Free & Clear · 4 yrs held
Mailing address
115 W JACKSON ST STE 2D, RIDGELAND, MS 39157-2428
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Hh Bend LLC
Pine Ridge Holdings LLC
Bargain And Sale Deed
—
Feb 7, 2022
—
Pine Ridge Holdings LLC
Pri Lodging LLC
Quit Claim Deed
related
—
Feb 4, 2022
—
Pine Ridge Holdings LLC
Pri Lodging LLC
Quit Claim Deed
related
$2,150,000 · Stearns Bank NA
Feb 1, 2022
—
Pr1 Lodging LLC
Pie Ridge Holdings LLC
Quitclaim Deed
related
—
Dec 14, 2020
—
Pine Ridge
Pine Ridge Holdings LLC
Quitclaim Deed
related
—
Jan 16, 2020
—
Pri Lodging LLC
—
Deed
$3,250,000 · Avatar Bend Hotel LLC
Jan 7, 2019
$4,700,000
Round Rock V & S LLC
Pine Ridge Inn Bend LLC
Warranty Deed
—
Oct 19, 2017
—
Moilanen Family Trust
Inn Oregon Investments LLC
Quitclaim Deed
related
—
Mar 2, 2017
—
Oregon Investments LLC
—
Trust Deed
related
$400,000 · Lblm Invs
Feb 7, 2014
—
Inn Oregon Investments LLC
Pine Ridge Inn Vacation Club INC
Bargain And Sale Deed
$1,500,000 · Us Bank NA
Feb 7, 2014
$1,860,000
Pine Ridge Inn Bend LLC
Inn Oregon Investments LLC
Warranty Deed
—
Jan 15, 2010
—
Inn Oregon Investments LLC
—
Trustees Deed
related
$200,000 · Scott R Morgan
Jun 11, 2009
—
Pine Ridge Inn
—
Trustees Deed
related
$100,000 · South Valley Bank & Trust
Sep 11, 2003
—
Inn Oregon Investments LLC
Moilanen,donald W & Judith J
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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