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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Drive through restaurants
2048 3rd St Bend, OR 97701-3815
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1726462
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2011
Total area
3,955 SF
Lot
0.51 ac (22,216 SF)
APN
171228 CB 04003
UPID
US71-1726462
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
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.14M
Owner & transaction history
State Of Oregon · 5 yrs held
State Of Oregon
since 2021
Last sale
$6,200
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+9.0%
Auto repair, garage
$1.5M
+3.2%
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
RESTAURANT
$1,465,000
Current use
RETAIL STORES
$1,600,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,510,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,375,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $6k (May 3 2021)
Last sale anchor
$6k
May 3 2021
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
$541 / 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
$25,233
Tax year 2023
Assessed value
$1,578,390
Assessed 2023
Previous assessed
$1,487,793
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,237,710
Improvement market value
$1,679,780
Total market value
$2,917,490
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2011
Heating
NONE
Total area
3,955 SF
Lot
0.51 ac (22,216 SF)
APN
171228 CB 04003
UPID
US71-1726462
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
RESTAURANT Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2011
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Mailing address
1556 PARKSIDE DR, WALNUT CREEK, CA 94596-3556
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$6,200
State Of Oregon
Bdc Wagner LLC
Warranty Deed
—
Sep 13, 2019
—
Bdc Wagner LLC
—
Grant Deed
related
$7,500,000 · Thrivent Fin'l/lutherans
Jun 20, 2019
$11,150,000
Bdc Wagner LLC
Overbay Dev Co LLC
Warranty Deed
—
Mar 12, 2019
—
Overbay,john & Yvonne Trust
Overbay Yvonne M
Quit Claim Deed
related
—
Jan 23, 2019
—
Yvonne Overbay
Everton,gary
Correction Deed
—
Jan 2, 2019
—
Yvonne Overbay
Reid Ruth
Grant Deed
—
Jun 26, 2008
$848,000
Overbay Dev Co LLC
Overbay,yvonne
Grant Deed
related
$848,000 · Yvonne Overbay
Jan 17, 2008
$848,000
Overbay Dev Co LLC
Overbay,yvonne
Grant Deed
related
—
—
—
Overbay Dev Co LLC
—
Deed Of Trust
related
$848,000 · Yvonne Overbay
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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