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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Medical Office Space
2775 17th Pl, Redmond, OR 97756-1254
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1825722
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
3,268 SF
Lot
0.58 ac (25,265 SF)
APN
151321 CC 00200
UPID
US71-1825722
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
$1.15M
Blend (final)
Blend
$1.40M
Owner & transaction history
Ramsey Properties Limited Partnersh · 2 yrs held
Ramsey Properties Limited Partnersh
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+19.8%
Commercial (general)
$1.2M
+17.3%
Retail stores
$1.1M
+2.4%
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
$1,825,000
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
$1,045,000
Current use
AUTO REPAIR, GARAGE
$1,250,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,225,000
Change: +17% · Conversion: Easy
RETAIL STORES
$1,065,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.79M (Nov 1 2023)
Last sale anchor
$1.79M
Nov 1 2023
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
$428 / 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
$10,956
Tax year 2023
Assessed value
$552,010
Assessed 2023
Previous assessed
$430,280
+28.3% YoY
Effective rate
1.98%
On assessed value
Land market value
$314,970
Improvement market value
$643,980
Total market value
$958,950
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Total area
3,268 SF
Lot
0.58 ac (25,265 SF)
APN
151321 CC 00200
UPID
US71-1825722
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$895,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2007
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ramsey Properties Limited Partnersh
Entity
Mailing address
19500 SUNSHINE WAY, BEND, OR 97702-1979
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$1,785,000
Ramsey Properties Limited Partnersh
Rythmia Opprtunity Business LLC
Warranty Deed
—
Mar 30, 2023
—
Rythmia Opportunity Business LLC
Rythmia Opportunity Busines LLC
Intrafamily Transfer
related
—
May 28, 2021
$905,000
Rythmia Opportunity Business LLC
Wendi Gayle Larson Rawlins
Warranty Deed
—
Feb 7, 2020
$800,000
Larson,almina J Trust
Health Point LLC
Warranty Deed
—
Dec 20, 2007
—
Health Point LLC
—
Trustees Deed
related
$150,000 · South Valley Bank & Trust
Jul 31, 2006
$212,000
Health Point LLC
Thrifty Properties Bend LLC
Warranty Deed
$147,700 · Columbia River Bank
Jun 6, 2006
$400,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 3, 2006
$700,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
—
—
Health Point LLC
—
Loan Modification
related
—
—
—
Health Point LLC
—
Deed Of Trust
related
—
—
—
Health Point LLC
—
Loan Modification
related
$604,000 · Washington Fed'l Svgs
—
—
Health Point LLC
—
Deed Of Trust
related
$150,321 · South Valley Bank & Trust
—
—
Health Point LLC
—
Deed Of Trust
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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