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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Office buildings
20310 Empire Ave Bend, OR 97703-5723
Individually Owned
3-yr Hold
Free & Clear
Property ID
US71-0827577
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
13,500 SF
Lot
1.4 ac (60,984 SF)
APN
171220 A0 00409
UPID
US71-0827577
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
-
Sonos Neurotherapies, LLP Physician
-
NeighborImpact Bend Social Service Agency Charitable Organization
-
Mirada Community Association Association / Organization
-
AUO of the Inn of the Seventh Mountain Association Or Organization
-
Kristin Williamson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.60M
Owner & transaction history
Swalley Irrigation District · 3 yrs held
Swalley Irrigation District
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+29.5%
Auto repair, garage
$5.2M
+22.6%
Apartment house (5+ units)
$5.2M
+22.4%
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
OFFICE BUILDING
$4,210,000
Current use
RETAIL STORES
$5,455,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,160,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,150,000
Change: +22% · Conversion: Easy
RESTAURANT
$5,000,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,705,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$4,310,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±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
$267 / 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
$17,909
Tax year 2023
Assessed value
$1,965,160
Assessed 2023
Previous assessed
$1,852,390
+6.1% YoY
Effective rate
0.91%
On assessed value
Land market value
$1,466,820
Improvement market value
$2,903,170
Total market value
$4,369,990
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
1994
Heating
NONE
Buildings
4
Total area
13,500 SF
Lot
1.4 ac (60,984 SF)
APN
171220 A0 00409
UPID
US71-0827577
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
$4.2M
RETAIL STORES
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
RESTAURANT
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.3M
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
1994
Heating
NONE
Buildings
4
Lot
1.4 ac
Current owner
From public records · entity-resolved
Swalley Irrigation District
Individual
Free & Clear · 3 yrs held
Mailing address
600 SW COLUMBIA STSTE6400, BEND, OR 97702-1099
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
Swalley Irrigation District
Empire A LLC
Quit Claim Deed
related
—
Apr 22, 2011
—
Deschutes Properties LLC
—
Deed Of Trust
related
$26,872,199 · Bank Of The Cascades
Nov 22, 2010
—
Bonnett Properties LLC
Empire
Quit Claim Deed
related
—
Dec 15, 2008
—
Empire A LLC
Bonnett Properties LLC
Quit Claim Deed
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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