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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Warehouses
1837 Lytle St, Bend, OR 97701-3831
Entity Owned
1-yr Hold
Free & Clear
Property ID
US71-0797955
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
4,821 SF
Lot
0.19 ac (8,276 SF)
APN
171229 DD 03500
UPID
US71-0797955
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
$830k
Comparable Approach
Comparable
$821k
Blend (final)
Blend
$850k
Owner & transaction history
Qbw Shop LLC · 1 yrs held
Qbw Shop LLC
since 2025
Last sale
$1.1M
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$990,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $1.10M (Oct 8 2024)
Last sale anchor
$1.10M
Oct 8 2024
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
$176 / 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
$5,103
Tax year 2023
Assessed value
$319,210
Assessed 2023
Previous assessed
$300,900
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$243,670
Improvement market value
$307,845
Total market value
$551,515
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
NONE
Total area
4,821 SF
Lot
0.19 ac (8,276 SF)
APN
171229 DD 03500
UPID
US71-0797955
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
$990,000
WAREHOUSE, STORAGE Current
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
2000
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Qbw Shop LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 5964, BEND, OR 97708-5964
Ownership since
2025
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
Jan 8, 2025
$1,100,000
Qbw Shop LLC
Shepherd Holdings LLC
Warranty Deed
—
May 3, 2024
—
Shepherd Holdings LLC
—
Deed
related
$475,000 · Summit Bank
Apr 23, 2021
$385,000
Shepherd Holdings LLC
Alice F Hollipeter
Personal Representative Deed
$346,500 · Summit Bank
Apr 23, 2021
—
Alice F Hollipeter
Alice F Hollipeter
Intrafamily Transfer
related
—
Jun 20, 2014
—
Robert C Hollipeter
Freedom Foundation Of Oregon
Quit Claim Deed
related
—
Feb 3, 2009
—
Freedom Foundation Of Oregon
Damon,alan E
Quit Claim Deed
related
$275,000 · South Valley Bank & Trust
Mar 4, 2005
—
Freedom Foundation Of Oregon
Alabob Cl Trust
Grant Deed
related
—
—
—
Freedom Foundation Of Oregon
—
Deed Of Trust
related
—
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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