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    2150 Hl St Bend, OR 97703-1373
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    Property profile & analytics

    2150 Hl St, Bend, OR 97703-1373

    View on Map
    • Apartment buildings
    • 5,760 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US71-0658505
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2150 Hl St

    Year built
    1978
    Lot size
    0.36 lot acres
    Zone code
    GI
    Property type
    Apartment buildings
    APN
    171229 DA 03105
    APU
    171229DA03105

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2018 $1,550,000 Jon-michael Gaffney Doherty Group LLC Warranty Deed —
    Nov 13, 2017 — The Doherty Group LLC The Doherty Group LLC Intrafamily Transfer · related $260k · First Republic Bank
    May 24, 2016 — The Doherty Group LLC — Deed · related $180k · First Republic Bank
    Aug 31, 2015 $535,000 The Doherty Group LLC Christian E Sporck Warranty Deed $348k · First Republic Bank
    Nov 27, 2012 $225,000 Christian E Sporck Sporck Valerie M K Trust Warranty Deed · related —
    Aug 25, 2009 — Sporck Valerie M K Trust Sporck,valerie M K Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $779,000
      Market price range: $469k - $3.99M
      AI Estimate
      $779,000
      Market price range: $469k - $3.99M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.308
    Latitude
    44.0712
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,013
    $0.00
    $0.00
    $501,220
    -
    $590,050
    $1,411,560
    $2,001,610

    Comparable in this City

    • Value Estimation
      $670,000
      5,855 SF

      734 Broadway St

      APARTMENT HOUSE (5+ UNITS)
      734 Broadway St, Bend, OR 97703-2721
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    • Value Estimation
      $915,000
      0.58 Acres

      2745 Ordway Ave

      APARTMENT HOUSE (5+ UNITS)
      2745 Ordway Ave, Bend, OR 97703-6742
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    • Value Estimation by Request
      2,978 SF

      1655 Portland Ave

      APARTMENT HOUSE (5+ UNITS)
      1655 Portland Ave, Bend, OR 97703-1456
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    • Value Estimation
      $1,310,000
      6,548 SF

      141 Georgia Ave

      APARTMENT HOUSE (5+ UNITS)
      141 Georgia Ave, Bend, OR 97703-2821
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    • Value Estimation
      $690,000
      1,139 SF

      550 Franklin Ave, Unit 518

      APARTMENT HOUSE (5+ UNITS)
      550 Franklin Ave, Bend, OR 97703-2896
      View Details
    • Value Estimation
      $1,630,000
      14,224 SF

      1459 Albany Ave

      APARTMENT HOUSE (5+ UNITS)
      1459 Albany Ave, Bend, OR 97703-3104
      View Details

    Similar Nearby for Sale

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      $739,000
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    • $350,000

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    • $500,000
      0.22 Acres

      Commercially Zoned Lot in Tumalo

      Desirable commercial lot in downtown Tumalo with improvements.
      64624 Cook Ave, Bend, OR 97703
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    • $3,250,000
      9,383 SF

      Mixed-Use Building in Downtown Tumalo

      New mixed-use building suitable for retail, office, and manufacturing.
      19885 7Th St, Bend, OR 97703
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      63485 State Highway 97 N, Bend, OR 97703
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease.
      1345 NW Wall St, Bend, OR 97703
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    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease.
      63025 O. B. Riley Rd, Bend, OR 97703
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    • Contact for pricing
      894 SF

      Retail Space Available For Lease

      Retail space available for lease in Bend, Oregon.
      1444 College Way NW, Bend, OR 97703
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    • Contact for pricing

      Office Space For Lease

      Office space available for lease.
      141 NW Greenwood Ave, Bend, OR 97703
      View Details
    • Contact for pricing

      Commercial Land Near Highway 97

      Commercial land with excellent access to Santiam Highway and Highway 97.
      63545 Hunnell Rd, Bend, OR 97703
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    Bend, OR 97703-1373
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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