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Property profile & analytics
OFF-MARKET
Estimated value
$4,670,000
Assisted living facilities
3240 Nye Ave, Pendleton, OR 97801-3842
Entity Owned
Free & Clear
Property ID
US71-0373623
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1971
Total area
30,597 SF
Lot
3.06 ac (133,294 SF)
Zoning code
R2
APN
2N3216DB00500
UPID
US71-0373623
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
$3.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.67M
Owner & transaction history
Sunridge48 LLC
Sunridge48 LLC
since 2026
Last sale
$5.5M
3 recorded transactions
Zoning & alternative use
R2 · Pendleton, OR
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 Pendleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendleton 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
$3,900,000
ML approach
$3,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,625,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,180,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,010,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,000,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.67M
Range $4.20M – $5.14M · ±10% · vs last sale $5.50M (Feb 19 2026)
Last sale anchor
$5.50M
Feb 19 2026
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
$153 / 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
$46,806
Tax year 2023
Assessed value
$2,513,830
Assessed 2023
Previous assessed
$2,440,620
+3.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$89,380
Assessed improvement
$2,424,450
Land market value
$84,240
Improvement market value
$3,485,310
Total market value
$3,569,550
Applied tax rate
1,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1971
Heating
NONE
Buildings
9
Total area
30,597 SF
Lot
3.06 ac (133,294 SF)
Zoning code
R2
APN
2N3216DB00500
UPID
US71-0373623
Jurisdiction
UMATILLA
Zoning & alternative use
R2 · Pendleton, OR
Zoning R2 · permitted uses
R2 · Pendleton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pendleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
1971
Heating
NONE
Buildings
9
Lot
3.06 ac
Current owner
From public records · entity-resolved
Sunridge48 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2901 INTERLOCKEN DR, EVERGREEN, CO 80439-8870
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$5,500,000
Sunridge48 LLC
New Day Senior Living Sun Ridge LLC
Special Warranty Deed
—
Aug 3, 2021
$3,500,000
New Day Senior Living Sun Ridge LLC
Sun Ridge Reitrement Community LLC
Warranty Deed
$2,812,500 · Banner Bank
Sep 20, 2012
$211,000
Roland Biegler
Charlotte Eliason
Warranty Deed
$1,520,000 · Columbia State Bank
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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