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Property profile & analytics
OFF-MARKET
Estimated value
$6,445,000
Apartment buildings
2250 21st St, Redmond, OR 97756-1796
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0326570
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Lot
2.04 ac (88,862 SF)
Zoning code
UT
APN
151320 AD 05601
UPID
US71-0326570
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.45M
Owner & transaction history
Schwiebinger Family Properties · 5 yrs held
Schwiebinger Family Properties
since 2020
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
UT · Redmond, OR
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 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
$7,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.45M
Range $5.80M – $7.09M · ±10% · vs last sale $6.45M (Nov 10 2020)
Last sale anchor
$6.45M
Nov 10 2020
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
—
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
$42,959
Tax year 2023
Assessed value
$2,164,550
Assessed 2023
Previous assessed
$2,040,310
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$872,490
Improvement market value
$5,209,270
Total market value
$6,081,760
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2007
Heating
NONE
Lot
2.04 ac (88,862 SF)
Zoning code
UT
APN
151320 AD 05601
UPID
US71-0326570
Jurisdiction
DESCHUTES
Zoning & alternative use
UT · Redmond, OR
Zoning UT · permitted uses
UT · Redmond, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
2.04 ac
Current owner
From public records · entity-resolved
Schwiebinger Family Properties
Entity
Mailing address
219 NW 6TH ST STE #1, REDMOND, OR 97756-1755
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$6,447,000
Schwiebinger Family Properties
Galway Construction & Desing LLC
Warranty Deed
$2,826,000 · Selco Community Cu
Jun 3, 2020
—
Galway Const & Design LLC
—
Deed
related
$1,975,000 · Maps Cu
Jun 2, 2016
$3,625,000
Galway Construction & Design LLC
Redmond Regency Park Limited Partne
Warranty Deed
$2,100,000 · Umpqua Bank
Jul 25, 2007
—
Regency Park Redmond
Weigand,josephine A
Warranty Deed
—
May 4, 2007
$845,000
Josephine A Weigand
Regency Park Townhomes LLC
Warranty Deed
—
Feb 9, 2006
—
Regency Park Townhomes LLC
Maher Family Trust
Grant Deed
—
Nov 1, 2005
—
Maher Family Trust
Maher,douglas P & Cynthia
Quit Claim Deed
related
—
Feb 22, 2005
—
Douglas P Maher
Donnelly,robert M
Quit Claim Deed
related
—
Sep 30, 2004
—
Robert M Donnelly
Donnelly,denise
Quit Claim Deed
related
—
—
—
Redmond Regency Park LP
—
Loan Modification
related
$2,710,430 · Homestreet Bk
—
—
Galway Const & Design LLC
—
Deed Of Trust
related
$1,975,000 · Maps Cu
—
—
Redmond Regency Park LP
—
Deed Of Trust
related
$2,920,862 · Homestreet Bank
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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