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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Manufacturing properties
20685 Carmen Loop, Bend, OR 97702-8411
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0844089
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
10,000 SF
Lot
0.7 ac (30,492 SF)
APN
181209 AC 02000
UPID
US71-0844089
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
-
Abbey Bike Tools Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Deschutes Detective Agency Security Service
-
Apex Fabrications LLC Metal Fabrication Plant Factory
-
Countertops Unlimited Kitchen & Bath Showroom Hardware & Home Improvement
-
Compass Security and Investigations, LLC Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.91M
Owner & transaction history
Abbey Bike Works LLC · 3 yrs held
Abbey Bike Works LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+43.2%
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
$2,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,205,000
Current use
OFFICE BUILDING
$3,160,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $2.30M (Mar 24 2022)
Last sale anchor
$2.30M
Mar 24 2022
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
$191 / 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
$10,615
Tax year 2023
Assessed value
$664,010
Assessed 2023
Previous assessed
$625,900
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$774,780
Improvement market value
$1,188,580
Total market value
$1,963,360
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Heating
NONE
Total area
10,000 SF
Lot
0.7 ac (30,492 SF)
APN
181209 AC 02000
UPID
US71-0844089
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
OFFICE 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
2006
Heating
NONE
Lot
0.7 ac
Current owner
From public records · entity-resolved
Abbey Bike Works LLC
Entity
Mailing address
61530 FRIAR TUCK LN, BEND, OR 97702-2215
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Abbey Bike Works LLC
Friars Bar Tab LLC
Lease
$993,000 · Evergreen Business Capital
Mar 24, 2022
$2,300,000
Friars Bar Tab LLC
Flying G LLC
Warranty Deed
$1,214,050 · First Interstate Bank
Sep 1, 2017
—
Flying G LLC
—
Deed
related
$700,000 · Summit Bank
Aug 1, 2017
$1,195,000
Flying G LLC
One Putt Investments LLC
Warranty Deed
—
Sep 2, 2005
$279,000
One Putt Investments LLC
Douthit,charles H
Warranty Deed
—
Sep 2, 2004
$214,900
Charles H Douthit
Andersch,john
Warranty Deed
$161,175 · Columbia River Bank
Mar 30, 2004
$694,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$644,000 · Crown Equities
—
—
One Putt Investments LLC
—
Deed Of Trust
related
$730,000 · Sterling Savings Bank
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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