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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Warehouses
222 8th St, Redmond, OR 97756-2761
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1168284
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
4,560 SF
Lot
0.44 ac (19,166 SF)
APN
151315 BA 00500
UPID
US71-1168284
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
$785k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$995k
Owner & transaction history
Brian E Harper · 5 yrs held
Brian E Harper
since 2021
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+82.9%
Medical building
$1.5M
+78.7%
Office building
$1.2M
+53.0%
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 Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond 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
$1,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Current use
RETAIL STORES
$1,490,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$1,455,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$1,245,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $935k (May 24 2021)
Last sale anchor
$935k
May 24 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
$218 / 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
$9,233
Tax year 2023
Assessed value
$465,240
Assessed 2023
Previous assessed
$277,480
+67.7% YoY
Effective rate
1.98%
On assessed value
Land market value
$162,900
Improvement market value
$786,720
Total market value
$949,620
Applied tax rate
2,001.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Total area
4,560 SF
Lot
0.44 ac (19,166 SF)
APN
151315 BA 00500
UPID
US71-1168284
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
WAREHOUSE, STORAGE Current
Est. value
$815,000
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2020
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
Brian E Harper
Individual
Mailing address
PO BOX 493, STAYTON, OR 97383-0493
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
$935,000
Brian E Harper
Bryan Giles
Warranty Deed
$635,000 · Pioneer Trust Bank NA
Oct 21, 2020
—
Bryan Giles
Bryan Giles
Quit Claim Deed
related
—
May 21, 2019
$140,000
Bryan Giles
Casper Dev LLC
Warranty Deed
$65,000 · Casper Dev LLC
Jul 13, 2018
—
Casper Dev LLC
—
Deed
related
$730,000 · Summit Bk
May 7, 2018
—
Casper Dev LLC
—
Deed
related
$250,000 · Hp Dev LLC
Jun 17, 2009
—
Casper Dev LLC
—
Trustees Deed
related
—
Feb 12, 2008
—
Casper Dev LLC
Independent Dev Corp
Warranty Deed
related
—
Dec 28, 2007
—
Independent Dev Corp
Cascade Natural Gas Corp
Quit Claim Deed
related
—
Oct 2, 2006
$3,200,000
Independent Dev Corp
Mccleery,phillip S & Jane S
Warranty Deed
$2,240,000 · Umpqua Bank
Sep 30, 2005
$1,900,000
Phillip S Mccleery
Kolbe & Kolbe Millwork Co INC
Grant Deed
$1,900,000 · Columbia River Bank
Sep 29, 2005
$1,900,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Casper Dev LLC
—
Deed Of Trust
related
$250,000 · Hp Dev LLC
—
—
Casper Dev LLC
—
Deed Of Trust
related
$730,000 · Summit Bk
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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