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Property profile & analytics
OFF-MARKET
Estimated value
$4,220,000
Apartment buildings
2750 Indian Ave Redmond, OR 97756-5523
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-1750613
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Total area
9,048 SF
Lot
1.83 ac (79,715 SF)
Zoning code
GI
APN
151317 CA 09001
UPID
US71-1750613
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
$4.22M
Blend (final)
Blend
$4.22M
Owner & transaction history
Glacier Vista Apartment Hms Ll · 17 yrs held
Glacier Vista Apartment Hms Ll
since 2008
7 recorded transactions
Zoning & alternative use
GI · Redmond, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+0.2%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,455,000
Current use
AUTO REPAIR, GARAGE
$3,460,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,385,000
Change: -2% · Conversion: Moderate
RESTAURANT
$3,350,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$2,955,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$2,885,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$4.22M
Range $3.80M – $4.64M · ±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
$466 / 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
$53,848
Tax year 2023
Assessed value
$2,713,210
Assessed 2023
Previous assessed
$2,557,470
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$703,800
Improvement market value
$11,656,870
Total market value
$12,360,670
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
Buildings
2
Total area
9,048 SF
Lot
1.83 ac (79,715 SF)
Zoning code
GI
APN
151317 CA 09001
UPID
US71-1750613
Jurisdiction
DESCHUTES
Zoning & alternative use
GI · Redmond, OR
Zoning GI · permitted uses
GI · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL 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
2007
Heating
NONE
Buildings
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Glacier Vista Apartment Hms Ll
Individual
Mailing address
3528 SW GALE AVE, PORTLAND, OR 97239-7205
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
—
Glacier Vista Apt Hms LLC
—
Deed
related
$3,400,000 · Suntrust Bk
Dec 10, 2008
$3,950,000
Glacier Vista Apartment Hms Ll
Glacier Vista LLC
Warranty Deed
$2,443,000 · Capmark Bank
Jun 4, 2008
—
Glacier Vista LLC
—
Trustees Deed
related
$350,000 · M & T Bank
May 25, 2007
—
Glacier Vista LLC
—
Trustees Deed
related
$672,000 · Bank Of The West
Apr 9, 2007
—
Glacier Vista LLC
Hale-campbell Properties LLC
Warranty Deed
—
Oct 18, 2006
$530,000
Hale-campbell Properties LLC
Ralston,timothy R
Warranty Deed
—
Jul 26, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 14, 2005
$5,200,000
Timothy R Ralston
Weigel,frank F JR
Warranty Deed
—
—
—
Glacier Vista Apt Hms LLC
—
Deed Of Trust
related
$3,400,000 · Suntrust Bk
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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