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Property profile & analytics
OFF-MARKET
Estimated value
$45,555,000
Distribution centers
300 Oak Tree Ln Redmond, OR 97756-1694
Entity Owned
20-yr Hold
Free & Clear
Property ID
US71-1708789
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Total area
217,211 SF
Lot
23.83 ac (1,038,035 SF)
APN
151304 DD 00500
UPID
US71-1708789
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
$45.55M
Blend (final)
Blend
$45.56M
Owner & transaction history
Wal-mart Stores INC · 20 yrs held
Wal-mart Stores INC
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$71.0M
+82.9%
Medical building
$69.3M
+78.7%
Office building
$59.4M
+53.0%
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
WAREHOUSE, STORAGE
$38,795,000
Current use
RETAIL STORES
$70,950,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$69,320,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$59,370,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$45.56M
Range $41.00M – $50.11M · ±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
$210 / 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
$368,753
Tax year 2023
Assessed value
$18,580,140
Assessed 2023
Previous assessed
$17,513,580
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$7,937,380
Improvement market value
$14,168,270
Total market value
$22,105,650
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Stories
3
Bathrooms
3
Total area
217,211 SF
Lot
23.83 ac (1,038,035 SF)
APN
151304 DD 00500
UPID
US71-1708789
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
WAREHOUSE, STORAGE Current
Est. value
$38.8M
RETAIL STORES
Est. value
$71.0M
MEDICAL BUILDING
Est. value
$69.3M
OFFICE BUILDING
Est. value
$59.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
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
Stories
3
Buildings
2
Bathrooms
3
Lot
23.83 ac
Current owner
From public records · entity-resolved
Wal-mart Stores INC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2006
$10,318,552
Wal-mart Stores INC
High Desert Health Props LLC
Warranty Deed
—
Apr 3, 2006
—
Howard Warren Ptshp
Coin Meter
Quit Claim Deed
related
—
Jul 1, 2005
$2,595,000
Highway 97 LLC
Warren,j T
Grant Deed
$1,633,400 · Columbia River Bank
Jun 6, 2005
$2,595,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Mar 12, 2004
$1,050,000
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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