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Property profile & analytics
OFF-MARKET
Estimated value
$16,785,000
Apartment buildings
1609 Chandler Ave 1, Bend, OR 97702-5101
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-1048110
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
61,568 SF
Lot
1.13 ac (49,223 SF)
APN
181206 C0 00600
UPID
US71-1048110
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
-
Reid’s Mobile Mechanic Services Auto Repair Shop
-
Bend Mortgage Brokers Loan Service Bank
-
The Nest Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.79M
Blend (final)
Blend
$16.79M
Owner & transaction history
Paradigm Cascades LLC · 8 yrs held
Paradigm Cascades LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$24.9M
+5.9%
Auto repair, garage
$23.5M
+0.2%
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
APARTMENT HOUSE (5+ UNITS)
$23,495,000
Current use
RETAIL STORES
$24,870,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,535,000
Change: +0% · Conversion: Difficult
RESTAURANT
$22,810,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,435,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$19,650,000
Change: -16% · Conversion: Moderate
OFFICE BUILDING
$19,460,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$16.79M
Range $15.11M – $18.46M · ±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
$273 / 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
$172,631
Tax year 2023
Assessed value
$10,798,370
Assessed 2023
Previous assessed
$10,178,510
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,638,300
Improvement market value
$23,130,150
Total market value
$24,768,450
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Heating
NONE
Total area
61,568 SF
Lot
1.13 ac (49,223 SF)
APN
181206 C0 00600
UPID
US71-1048110
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$23.5M
RETAIL STORES
Est. value
$24.9M
AUTO REPAIR, GARAGE
Est. value
$23.5M
RESTAURANT
Est. value
$22.8M
COMMERCIAL (GENERAL)
Est. value
$21.4M
MEDICAL BUILDING
Est. value
$19.7M
OFFICE BUILDING
Est. value
$19.5M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
2019
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Paradigm Cascades LLC
Entity
Mailing address
1361 PEARL ST, EUGENE, OR 97401-3523
Ownership since
2017
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
Mar 26, 2021
—
Paradigm Cascades LLC
—
Deed
related
$13,113,000 · Walker & Dunlop LLC
Jun 14, 2019
—
Paradigm Cascades LLC
—
Deed
related
$11,175,000 · Summit Bank
Dec 22, 2017
$900,000
Paradigm Cascades LLC
Louis-daniel LLC
Warranty Deed
—
Jul 12, 2016
$725,000
Louis-daniel LLC
Summer 2011 Trust
Warranty Deed
—
Apr 15, 2011
$265,000
Summer 2011 Trust
Mees Family Trust
Warranty Deed
—
Sep 23, 2005
$833,900
Mees Family Trust
Belza Family LLC
Warranty Deed
—
—
—
Belza Family LLC
—
Deed Of Trust
related
$212,757 · South Valley Bank & Trust
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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