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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
159 Shevlin Hixon Dr, Bend, OR 97702-3174
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-1053257
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
2,244 SF
Lot
0.25 ac (10,890 SF)
APN
181205 BB 00800
UPID
US71-1053257
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
-
Deschutes Dental Center Dental Office
-
Phillippe Freeman Dental Office
-
Freeman Smiles Dental Office
-
Sean P Sherry DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$950k
Owner & transaction history
Ehlers Enterprises Oregon 2 LLC · 13 yrs held
Ehlers Enterprises Oregon 2 LLC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+26.6%
Auto repair, garage
$860,000
+19.8%
Commercial (general)
$780,000
+9.1%
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
MEDICAL BUILDING
$715,000
Current use
RETAIL STORES
$905,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$710,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$423 / 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
$9,930
Tax year 2023
Assessed value
$621,160
Assessed 2023
Previous assessed
$585,510
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$762,760
Improvement market value
$709,290
Total market value
$1,472,050
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Total area
2,244 SF
Lot
0.25 ac (10,890 SF)
APN
181205 BB 00800
UPID
US71-1053257
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
MEDICAL BUILDING Current
Est. value
$715,000
RETAIL STORES
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$780,000
OFFICE BUILDING
Est. value
$710,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1998
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ehlers Enterprises Oregon 2 LLC
Entity
Mailing address
3412 NW DENALI LN, BEND, OR 97703-6721
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2020
—
Ehlers Ents Oregon 2 LLC
—
Deed
related
$375,000 · Columbia St Bk
Jun 3, 2013
$671,200
Ehlers Enterprises Oregon 2 LLC
Lisan Investments LLC
Warranty Deed
$470,000 · Columbia State Bank
Apr 8, 2005
—
Lisann Investments LLC
Taylor Brothers LLC
Warranty Deed
—
Mar 31, 2005
—
Taylor Brothers LLC
Taylor River LLC
Quit Claim Deed
—
—
—
Ehlers Ents Oregon 2 LLC
—
Loan Modification
related
$375,000 · Columbia St Bk
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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