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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Medical Office Space
2381 Conners Ave Bend, OR 97701-6068
Entity Owned
12-yr Hold
Free & Clear
Property ID
US71-1693542
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
5,300 SF
Lot
0.76 ac (33,106 SF)
Zoning code
GI
APN
171227 DA 01000
UPID
US71-1693542
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
-
Teresa Waite Dental Office
-
Dr. Travis Schuller Dental Office
-
Mary A. Wren, BS Dental Office
-
Advantage Dental+ Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.25M
Owner & transaction history
Advantage Harbor Qalicb LLC · 12 yrs held
Advantage Harbor Qalicb LLC
since 2013
4 recorded transactions
Zoning & alternative use
GI · Bend, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Bend Development Code
Top alternative use upside
Retail stores
$2.1M
+26.6%
Auto repair, garage
$2.0M
+19.8%
Apartment house (5+ units)
$2.0M
+19.6%
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
MEDICAL BUILDING
$1,690,000
Current use
RETAIL STORES
$2,140,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,025,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,020,000
Change: +20% · Conversion: Moderate
RESTAURANT
$1,965,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,845,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$1,675,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±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
$424 / 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
$18,947
Tax year 2023
Assessed value
$1,185,190
Assessed 2023
Previous assessed
$1,117,160
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,285,670
Improvement market value
$1,266,530
Total market value
$2,552,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Total area
5,300 SF
Lot
0.76 ac (33,106 SF)
Zoning code
GI
APN
171227 DA 01000
UPID
US71-1693542
Jurisdiction
DESCHUTES
Zoning & alternative use
GI · Bend, ORZoning GI · permitted uses
GI · Bend, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Bend Development Code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
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
1980
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Advantage Harbor Qalicb LLC
Entity
Free & Clear · 12 yrs held
Mailing address
442 SW UMATILLA AVE STE #200, REDMOND, OR 97756-7039
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2013
—
Advantage Harbor Qalicb LLC
Advantage Clinic Properties LLC
Special Warranty Deed
—
Jan 8, 2010
—
Advantage Clinic Props LLC
Advantage Consolidated LLC
Quit Claim Deed
—
Jul 31, 2009
—
Matthew J Hayden
Hayden Brothers Invs LLC
Quit Claim Deed
$5,036,250 · Pacific Continental Bank
May 2, 2008
$1,160,000
Hayden Brothers Invs LLC
D & B Properties Of Tulsa INC
Warranty Deed
$928,000 · Pacific Continental 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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