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Property profile & analytics
FOR SALE
Warehouses
147 SE Evergreen Ave, Redmond, OR 97756
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1924372
For Sale
1 / 24
$595,000
147 SE Evergreen Ave, Redmond, OR 97756
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1942
Total area
2,766 SF
Lot
0.24 ac (10,454 SF)
APN
151315 BB 05900
UPID
US71-1924372
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
$475k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Evergreen Asset LLC · 3 yrs held
Evergreen Asset LLC
since 2023
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+82.9%
Medical building
$885,000
+78.7%
Office building
$755,000
+53.0%
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
$665,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
RETAIL STORES
$905,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$885,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$755,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $650k (May 1 2023)
Last sale anchor
$650k
May 1 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
$221 / 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
$2,191
Tax year 2023
Assessed value
$110,400
Assessed 2023
Previous assessed
$104,070
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$100,160
Improvement market value
$141,450
Total market value
$241,610
Applied tax rate
2,039.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1942
Heating
NONE
Total area
2,766 SF
Lot
0.24 ac (10,454 SF)
APN
151315 BB 05900
UPID
US71-1924372
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
WAREHOUSE, STORAGE Current
Est. value
$495,000
RETAIL STORES
Est. value
$905,000
MEDICAL BUILDING
Est. value
$885,000
OFFICE BUILDING
Est. value
$755,000
WAREHOUSE, STORAGE 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
1942
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Evergreen Asset LLC
Entity
Mailing address
2999 NW 3RD SISTERS DR, BEND, OR 97703-5648
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
May 1, 2023
$650,000
Evergreen Asset LLC
Joseph S Hogrefe
Warranty Deed
$1,047,500 · The Huntington National Bank
Aug 30, 2019
—
Dahoco LLC
Hogrefe,daniel S & Ann M
Grant Deed
—
Jan 21, 2016
$175,000
Daniel S Hogrefe
Lehne,michael D & Suzanne
Warranty Deed
—
Jul 23, 2015
$100,000
Michael D Lehne
Wilson,r F
Warranty Deed
$100,000 · Mary A Sorric
Jun 1, 2012
$136,539
R F Wilson
Fitch Edward P
Trustees Deed
related
—
May 2, 2006
$285,000
Scott J Brown
Cheney,david M & Cherie L
Warranty Deed
$100,000 · David M & Cherie L Cheney
—
—
Scott J Brown
—
Deed Of Trust
related
$310,000 · Bank Of The Cascades
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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