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Property profile & analytics
FOR LEASE
Industrial properties
20706 NE High Desert Ln, Bend, OR 97701
Trust Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1102066
For Lease
1 / 14
$21 SF/Yr
20706 NE High Desert Ln, Bend, OR 97701
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2014
Total area
12,650 SF
Lot
0.83 ac (36,155 SF)
APN
171221 AD 00600
UPID
US71-1102066
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
-
Onto Innovation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.04M
Blend (final)
Blend
$4.04M
Owner & transaction history
Spencer Living Trust · 11 yrs held
Spencer Living Trust
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.1M
+83.0%
Auto repair, garage
$4.8M
+73.2%
Apartment house (5+ units)
$4.8M
+72.9%
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
INDUSTRIAL (GENERAL)
$2,790,000
Current use
RETAIL STORES
$5,110,000
Change: +83% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,835,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,825,000
Change: +73% · Conversion: Difficult
RESTAURANT
$4,685,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,405,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$4,035,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$4,005,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±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
$319 / 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
$31,804
Tax year 2023
Assessed value
$1,989,390
Assessed 2023
Previous assessed
$1,875,200
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$614,810
Improvement market value
$3,763,010
Total market value
$4,377,820
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2014
Heating
NONE
Total area
12,650 SF
Lot
0.83 ac (36,155 SF)
APN
171221 AD 00600
UPID
US71-1102066
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
$2.8M
RETAIL STORES
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2014
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
Spencer Living Trust
Trust
Free & Clear · 11 yrs held
Mailing address
63026 LOWR MDW DR STE #200, BEND, OR 97701-6984
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Dec 26, 2014
—
Spencer Living Trust
Freund Of Spencer Inv Group LLC
Quit Claim Deed
—
Mar 31, 2014
—
Spencer Living Trust
Spencer,kevin & Linda
Quit Claim Deed
related
$1,413,451 · Bank Of The Cascades
Mar 27, 2014
$606,747
Kevin Spencer
Maiden Lake Investment LLC
Grant Deed
—
Nov 18, 2013
—
Freund Of Spencer Inv Group LLC
Spencer Living Trust
Quit Claim Deed
—
May 16, 2013
—
Spencer Living Trust
Freund Of Spencer Inv Group LLC
Quit Claim Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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