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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Warehouses
255 8th St Redmond, OR 97756-2761
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1203486
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
11,536 SF
Lot
0.8 ac (34,848 SF)
APN
151315 BA 03100
UPID
US71-1203486
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
$832k
Blend (final)
Blend
$830k
Owner & transaction history
Casper Dev LLC · 7 yrs held
Casper Dev LLC
since 2019
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$72 / 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
$661
Tax year 2023
Assessed value
$33,320
Assessed 2023
Previous assessed
$31,410
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$191,840
Improvement market value
$4,663,300
Total market value
$4,855,140
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
2018
Heating
NONE
Total area
11,536 SF
Lot
0.8 ac (34,848 SF)
APN
151315 BA 03100
UPID
US71-1203486
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
2018
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Casper Dev LLC
Entity
Free & Clear · 7 yrs held
Mailing address
20525 SWALLEY RD, BEND, OR 97703-8981
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
Casper Development LLC
—
Deed
related
$480,000 · Summit Bank
Feb 5, 2019
—
Casper Dev LLC
Casper Dev LLC
Correction Deed
related
—
Nov 13, 2018
—
Casper Dev LLC
Casper Dev LLC
Quit Claim Deed
related
—
Jul 13, 2018
—
Casper Dev LLC
—
Grant Deed
related
$1,150,000 · Summit Bk
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
Pacific Power & Light
Quit Claim Deed
related
—
Oct 2, 2006
$3,200,000
Independent Dev Corp
Mccleery,phillip S & Jane S
Grant 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
—
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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