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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Outlet malls
224 Thurston Ave Bend, OR 97701-3852
Individually Owned
12-yr Hold
Free & Clear
Property ID
US71-1029038
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1964
Total area
17,524 SF
Lot
1.2 ac (52,272 SF)
APN
171228 CB 03601
UPID
US71-1029038
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
-
Administrative Offices of Bend-Redmond Habitat For Humanity Charitable Organization Social Service Agency
-
Habitat for Humanity ReStore Discount Store
-
TROOP 90 CHRISTMAS TREE LOT Home Decor Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.91M
Owner & transaction history
Area Habitat For Humanity Bend · 12 yrs held
Area Habitat For Humanity Bend
since 2014
7 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
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
RESTAURANT
$6,490,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,100,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$223 / 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
Assessed value
$406,040
Assessed 2023
Previous assessed
$382,740
+6.1% YoY
Land market value
$1,195,280
Improvement market value
$1,159,880
Total market value
$2,355,160
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
2
Total area
17,524 SF
Lot
1.2 ac (52,272 SF)
APN
171228 CB 03601
UPID
US71-1029038
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
RESTAURANT
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.1M
RESTAURANT
COMMERCIAL (GENERAL)
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
1964
Heating
NONE
Buildings
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Area Habitat For Humanity Bend
Individual
Free & Clear · 12 yrs held
Mailing address
224 NE THURSTON AVE, BEND, OR 97701-3852
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
—
James Marshall
—
Deed
related
$126,201 · Bend Redmond Habitat For Humanity
Dec 3, 2020
—
Bend Area Habitat For Humanity
—
Deed
related
—
Mar 6, 2019
—
Bend Area Habitat For Humanity
—
Grant Deed
related
$2,500,000 · First Interstate Bk
Jul 8, 2014
—
Area Habitat For Humanity Bend
Bend Area Habitat For Humanity
Quit Claim Deed
related
—
Oct 28, 2013
$1,050,012
Area Habitat For Humanity Bend
Backstrom,susie J
Warranty Deed
$262,503 · Ray Shirley V Trust (pt)
Oct 28, 2013
—
Backstrom,carl Trust
Swb Ents INC
Grant Deed
related
—
Jul 27, 2009
—
Susie J Backstrom
Backstrom Carl & M Trust
Quit Claim Deed
related
—
Jun 1, 2004
—
Bonnie J Bond
Backstrom Carl & Margaret
Grant Deed
related
—
—
—
Bend Area Habitat Of Humanity INC
—
Deed Of Trust
related
$66,653 · Robert C Backstrom
—
—
Bend Area Habitat Of Humanity INC
—
Deed Of Trust
related
$66,653 · Judy A Dodds
—
—
Bend Area Habitat For Humanity
—
Loan Modification
related
—
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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