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Property profile & analytics
OFF-MARKET
Motels
1415 3rd St, Bend, OR 97701-4233
Individually Owned
5-yr Hold
Free & Clear
Property ID
US71-0628587
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Total area
43,228 SF
Lot
1.54 ac (67,082 SF)
APN
171233 BB 02100
UPID
US71-0628587
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
-
MidCity SmashedBurger @ Waypoint Hotel Restaurant
-
Angry Salsa Burrito Restaurant
-
Waypoint Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of Oregon · 5 yrs held
State Of Oregon
since 2021
Last sale
$32,967
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$65,079
Tax year 2023
Assessed value
$4,070,780
Assessed 2023
Previous assessed
$3,823,730
+6.5% YoY
Effective rate
1.60%
On assessed value
Land market value
$2,567,990
Improvement market value
$5,399,940
Total market value
$7,967,930
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Heating
NONE
Total area
43,228 SF
Lot
1.54 ac (67,082 SF)
APN
171233 BB 02100
UPID
US71-0628587
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
1972
Heating
NONE
Lot
1.54 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Free & Clear · 5 yrs held
Mailing address
1415 NE 3RD ST, BEND, OR 97701-4233
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
—
Third Street Ventures LLC
—
Deed
related
$6,300,000 · Alaska USA FCU
Mar 15, 2021
$32,967
State Of Oregon
Third Street Ventures LLC
Warranty Deed
—
Mar 15, 2021
—
State Of Oregon
Buccn Dulge INC
Quit Claim Deed
related
—
Apr 12, 2018
—
Third Street Ventures LLC
Rl Bend LLC
Grant Deed
related
$4,800,000 · Alaska USA FCU
Jan 15, 2015
—
Rl Bend LLC
Whc809 LLC
Special Warranty Deed
$80,000,000 · Pacific Western National Bank
Jun 21, 2013
—
Whc809 LLC
—
Loan Modification
related
$55,000,000 · Wells Fargo Bank
Jan 4, 2012
—
Whc809 LLC
—
Deed Of Trust
related
$40,000,000 · Wells Fargo Bank
Nov 3, 2011
$2,263,000
Whc809 LLC
Rlh Ptshp LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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