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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Office buildings
19785 Vlg Ofc Ct, Bend, OR 97702-1944
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0577164
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
8,971 SF
Lot
0.76 ac (33,106 SF)
APN
181207 AB 00700
UPID
US71-0577164
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
$3.28M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$3.28M
Owner & transaction history
Thiele Industries LLC · 2 yrs held
Thiele Industries LLC
since 2024
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+27.8%
Auto repair, garage
$3.4M
+20.9%
Apartment house (5+ units)
$3.4M
+20.7%
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
$3,275,000
ML approach
$3,275,000
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,835,000
Current use
RETAIL STORES
$3,625,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,430,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,425,000
Change: +21% · Conversion: Easy
RESTAURANT
$3,325,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,125,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$2,865,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±10% · vs last sale $3.28M (May 13 2024)
Last sale anchor
$3.28M
May 13 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
$365 / 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
$17,630
Tax year 2023
Assessed value
$1,102,810
Assessed 2023
Previous assessed
$1,102,810
+0.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$742,530
Improvement market value
$2,142,300
Total market value
$2,884,830
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Total area
8,971 SF
Lot
0.76 ac (33,106 SF)
APN
181207 AB 00700
UPID
US71-0577164
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
OFFICE BUILDING Current
Est. value
$2.8M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
RESTAURANT
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
2002
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Thiele Industries LLC
Entity
Mailing address
61005 RIV BLF TRL, BEND, OR 97702-1989
Ownership since
2024
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
May 13, 2024
$3,275,000
Thiele Industries LLC
Donald C Delisi JR
Warranty Deed
$2,400,000 · Umpqua Bank
Mar 1, 2024
—
Donald C Delisi JR
Village Office Court Building LLC
Bargain And Sale Deed
—
Jan 7, 2021
—
Donald C Delisi JR
Donald C Delisi JR.
Quit Claim Deed
—
Feb 13, 2013
$980,000
Donald C Delisi JR.
Office Court LLC
Warranty Deed
$784,000 · Umpqua Bank
Aug 1, 1996
$115,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$84,000 · Private Individual
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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