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Property profile & analytics
OFF-MARKET
Mixed-use properties
273 Adams Ave Sisters, OR 97759-0900
Individually Owned
8-yr Hold
Property ID
US71-0260623
Property summary
AI-generated overview
Located in Downtown Sisters, Oregon, this property consists of a parcel approved for division into three individual lots. Zoned Downtown Commercial, the property is approved for residential, commercial, mixed-use, multi-family, and cottage development. The parcel, currently one tax lot, has city approval for lot line adjustments to create three lots, each exceeding 4000 square feet. The property includes two complete water and sewer connections. Mountain views are available from the lots. It is located one block from the downtown area, near restaurants, food carts, coffee shops, and shopping, with a comprehensive trail network within a 5-minute walk or ride. The property spans 0.29 acres. Adjacent property is under the same ownership.
Property profile
Verified
Property type
Mixed-use properties
Use group
VACANT COMMERCIAL LAND
Year built
1935
Total area
1,410 SF
Lot
0.29 ac (12,632 SF)
APN
151004 CD 02100
UPID
US71-0260623
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
by Request
Owner & transaction history
Matthew J Wright · 8 yrs held
Matthew J Wright
since 2018
4 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 Sisters submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sisters 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$2,445
Tax year 2023
Assessed value
$147,570
Assessed 2023
Previous assessed
$139,110
+6.1% YoY
Effective rate
1.66%
On assessed value
Land market value
$297,860
Total market value
$297,860
Applied tax rate
6,045.0000
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
Mixed-use properties
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1935
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,410 SF
Lot
0.29 ac (12,632 SF)
APN
151004 CD 02100
UPID
US71-0260623
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
1935
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Matthew J Wright
Individual
Mailing address
PO BOX 1625, SISTERS, OR 97759-1625
Ownership since
2018
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
Apr 9, 2019
—
Matthew J Wright
—
Deed
related
$250,000 · Umpqua Bank
Mar 30, 2018
$290,000
Matthew J Wright
Yvonne T Marquez
Warranty Deed
$240,000 · Umpqua Bank
Feb 15, 2018
—
Yvonne T Marquez
Jones,louann E
Grant Deed
—
Jan 18, 2018
—
Yvonne T Marquez
Perkins,beverly J
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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