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Property profile & analytics
OFF-MARKET
Estimated value
$3,820,000
Automotive properties
3500 Hwy 97 Bend, OR 97703-5729
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US71-0087140
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Total area
17,726 SF
Lot
4.19 ac (182,516 SF)
APN
171220 A0 00700
UPID
US71-0087140
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
$3.82M
Blend (final)
Blend
$3.82M
Owner & transaction history
Wittenberg Plaza LLC · 12 yrs held
Wittenberg Plaza LLC
since 2014
7 recorded transactions
Zoning & alternative use
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 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
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
COMMERCIAL (GENERAL)
$6,175,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$5,655,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$5,530,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.82M
Range $3.44M – $4.20M · ±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
$216 / 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
$27,199
Tax year 2023
Assessed value
$1,701,350
Assessed 2023
Previous assessed
$1,603,694
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$3,988,280
Improvement market value
$1,198,710
Total market value
$5,186,990
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
2
Total area
17,726 SF
Lot
4.19 ac (182,516 SF)
APN
171220 A0 00700
UPID
US71-0087140
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
COMMERCIAL (GENERAL)
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Buildings
2
Lot
4.19 ac
Current owner
From public records · entity-resolved
Wittenberg Plaza LLC
Entity
Mailing address
5125 WITTENBERG LN NE, KEIZER, OR 97303-4442
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2014
—
Wittenberg Plaza LLC
Bacon,john G JR
Warranty Deed
$1,686,000 · Bank Of The Cascades
Aug 26, 2011
—
John G Bacon JR.
Bacon John G JR Trust
Quit Claim Deed
related
—
Oct 28, 2010
—
Bacon John G JR Trust
Bacon,john G JR
Quit Claim Deed
related
—
Oct 26, 2010
—
John G Bacon JR.
Bacon John G JR Trust
Quit Claim Deed
related
—
Feb 14, 2005
—
John G Bacon JR.
Bacon John G JR Trust
Quit Claim Deed
related
$550,000 · Bank Of The Cascades
Nov 12, 2004
—
Bacon Johne G JR Trust
Bacon,john G JR
Quit Claim Deed
related
—
Nov 10, 2004
—
John G Bacon JR.
Bacon John G JR Trust
Quit Claim Deed
related
$1,491,785 · Bank Of The Cascades
—
—
John G Bacon JR.
—
Deed Of Trust
related
$475,000 · Bank Of The Cascades
—
—
John G Bacon JR.
—
Deed Of Trust
related
$400,000 · Bank Of The Cascades
—
—
John G Bacon JR.
—
Deed Of Trust
related
$2,379,579 · Bank Of The Cascades
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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