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Property profile & analytics
OFF-MARKET
Office buildings
2150 Studio Rd Bend, OR 97701-3640
Individually Owned
3-yr Hold
Free & Clear
Property ID
US71-0074831
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
29,880 SF
Lot
0.95 ac (41,382 SF)
APN
171228 CA 01600
UPID
US71-0074831
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
-
Sylvan Learning of Bend Tutoring Service
-
Waldorf School of Bend High School
-
A Childs Garden LLC High School Daycare Center
-
Sprouts Montessori of Bend Daycare Center
-
Mountain View Baptist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scott Royal Smith · 3 yrs held
Scott Royal Smith
since 2022
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,611
Tax year 2023
Assessed value
$2,044,460
Assessed 2023
Previous assessed
$1,927,120
+6.1% YoY
Effective rate
0.62%
On assessed value
Land market value
$1,158,650
Improvement market value
$2,064,240
Total market value
$3,222,890
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
1974
Heating
NONE
Buildings
2
Total area
29,880 SF
Lot
0.95 ac (41,382 SF)
APN
171228 CA 01600
UPID
US71-0074831
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
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Buildings
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Scott Royal Smith
Individual
Free & Clear · 3 yrs held
Mailing address
2660 NE HWY 20TH STE #610, BEND, OR 97701-6403
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
Scott Royal Smith
Studio Road LLC
Quit Claim Deed
related
—
Sep 13, 2019
—
Bdc Wagner LLC
—
Grant Deed
related
$7,500,000 · Thrivent Fin'l/lutherans
Aug 22, 2005
$2,277,185
Charis Family Trust
Sims,james R JR
Warranty Deed
—
Mar 7, 2005
—
James R Sims JR.
—
Trustees Deed
related
$200,000 · Umpqua Bank
—
—
Charis Family Trust
—
Deed Of Trust
related
$523,810 · Wilson Jimmy D Trust (pt)
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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