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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Medical Office Space
1835 Pence Ln Bend, OR 97703-1579
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-1101392
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
4,763 SF
Lot
0.52 ac (22,651 SF)
APN
171231 BB 01300
UPID
US71-1101392
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
-
Central Oregon Surgery Center Medical Clinic Hospital
-
Anjou Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.86M
Owner & transaction history
Warren Ranch Acquisition Corp · 6 yrs held
Warren Ranch Acquisition Corp
since 2020
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+26.6%
Auto repair, garage
$1.8M
+19.8%
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
RETAIL STORES
$1,925,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,820,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $3.90M (May 12 2020)
Last sale anchor
$3.90M
May 12 2020
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
$600 / 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
$40,653
Tax year 2023
Assessed value
$2,542,930
Assessed 2023
Previous assessed
$2,396,970
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,138,210
Improvement market value
$5,012,840
Total market value
$6,151,050
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
2016
Heating
NONE
Buildings
2
Total area
4,763 SF
Lot
0.52 ac (22,651 SF)
APN
171231 BB 01300
UPID
US71-1101392
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
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
AUTO REPAIR, GARAGE
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
2016
Heating
NONE
Buildings
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Warren Ranch Acquisition Corp
Entity
Mailing address
1696 NW ALBANY AVE, BEND, OR 97703-3120
Ownership since
2020
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
Sep 3, 2021
—
Warren Ranch Acquisition Corp
—
Deed
related
$4,950,000 · Yampa Valley Bank
May 12, 2020
—
Warren Ranch Acquisition Corp
Warren Ranch INC
Quit Claim Deed
—
Aug 18, 2017
$3,900,000
Warren Ranch INC
Med-tech Props Of Ctrl Oregon LLC
Grant Deed
—
Aug 17, 2017
—
Med-tech Props Of Ctrl Oregon LLC
—
Deed
related
$1,000,000 · Abel H Morgan
Feb 7, 2017
—
Med-tech Props Of Ctrl Oregon LLC
Rosary Lake Investment LLC
Grant Deed
—
Aug 12, 2015
$608,247
Rosary Lake Investment LLC
Cascade Funding Group LLC
Warranty Deed
—
Nov 24, 2014
—
Cascade Funding Group LLC
Larraneta,michael J & Jean E
Grant Deed
—
—
—
Med-tech Props Of Ctrl Oregon LLC
—
Deed Of Trust
related
$1,000,000 · Abel H Morgan
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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