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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
307 6th St Redmond, OR 97756-1721
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0653088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1934
Total area
1,340 SF
Lot
0.19 ac (8,276 SF)
APN
151309 DC 05200
UPID
US71-0653088
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
$467k
Blend (final)
Blend
$530k
Owner & transaction history
Central Oregon Real Estate Holdings · 4 yrs held
Central Oregon Real Estate Holdings
since 2022
Last sale
$559,200
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$510,000
+39.8%
Commercial (general)
$500,000
+36.9%
Retail stores
$440,000
+19.5%
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
$595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$365,000
Current use
AUTO REPAIR, GARAGE
$510,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: +37% · Conversion: Easy
RETAIL STORES
$440,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$430,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $559k (Feb 8 2022)
Last sale anchor
$559k
Feb 8 2022
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
$396 / 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
$4,718
Tax year 2023
Assessed value
$237,700
Assessed 2023
Previous assessed
$171,100
+38.9% YoY
Effective rate
1.98%
On assessed value
Land market value
$264,000
Improvement market value
$368,120
Total market value
$632,120
Applied tax rate
2,039.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1934
Heating
NONE
Buildings
2
Total area
1,340 SF
Lot
0.19 ac (8,276 SF)
APN
151309 DC 05200
UPID
US71-0653088
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
OFFICE BUILDING Current
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$500,000
RETAIL STORES
Est. value
$440,000
MEDICAL BUILDING
Est. value
$430,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1934
Heating
NONE
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Central Oregon Real Estate Holdings
Entity
Mailing address
62050 DODDS RD, BEND, OR 97701-9387
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$559,200
Central Oregon Real Estate Holdings
Don Baxter
Warranty Deed
$312,700 · Don Baxter
Jan 14, 2022
$559,200
Central Oregon Real Estate Holdings
Don Baxter
Warranty Deed
$312,700 · Deschutes County Title
Jul 23, 2020
—
Don Baxter
—
Deed
related
$114,900 · Kathleen R Hillis
Jun 25, 2018
—
Don Baxter
—
Deed
related
$14,900 · Kathleen R Hillis
Jul 1, 2015
$234,900
Don Baxter
Kathleen R Hillis
Warranty Deed
$214,900 · Kathleen R Hillis
—
—
Don Baxter
—
Loan Modification
related
$114,900 · Kathleen R Hillis
—
—
Don Baxter
—
Loan Modification
related
$14,900 · Kathleen R Hillis
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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