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Property profile & analytics
FOR SALE
Medical Office Space
336 NE Norton Ave, Bend, OR 97701
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0100976
For Sale
1 / 25
$599,000
336 NE Norton Ave, Bend, OR 97701
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
1,040 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GI
APN
171233 BB 03500
UPID
US71-0100976
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
Current use
Occupant on record · Public records
-
Riverside Family Counseling Counselor
-
Painter Lee Family Counselor
-
NIRMAL CONFORTI LCSW Psychotherapist
-
Sally Crowe Foster Care Service Social Service Agency
-
Kristin Brooks Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$540k
Owner & transaction history
Lucas Investment Properties LLC · 4 yrs held
Lucas Investment Properties LLC
since 2021
Last sale
$581,000
2 recorded transactions
Zoning & alternative use
GI · Bend, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$420,000
+26.6%
Auto repair, garage
$400,000
+19.8%
Commercial (general)
$360,000
+9.1%
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 Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bend 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
$650,000
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
$330,000
Current use
RETAIL STORES
$420,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$400,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$360,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$330,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $581k (Sep 20 2021)
Last sale anchor
$581k
Sep 20 2021
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
$519 / 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
$5,000
Tax year 2023
Assessed value
$312,760
Assessed 2023
Previous assessed
$292,560
+6.9% YoY
Effective rate
1.60%
On assessed value
Land market value
$264,150
Improvement market value
$233,880
Total market value
$498,030
Applied tax rate
1,001.0000
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
For Sale
Year built
1972
Heating
NONE
Total area
1,040 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GI
APN
171233 BB 03500
UPID
US71-0100976
Jurisdiction
DESCHUTES
Zoning & alternative use
GI · Bend, OR
Zoning GI · permitted uses
GI · Bend, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bend. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$330,000
RETAIL STORES
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$360,000
OFFICE BUILDING
Est. value
$330,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1972
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lucas Investment Properties LLC
Entity
Mailing address
3093 NE DELMAS ST, BEND, OR 97701-7750
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
$581,000
Lucas Investment Properties LLC
336 Ne Norton Avenue LLC
Warranty Deed
$493,800 · Umpqua Bank
Jul 31, 2017
$445,000
336 Ne Norton Avenue LLC
Woosley & Mckee Properties LLC
Warranty Deed
—
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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