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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Office buildings
40 Greenwood Ave Bend, OR 97703-2053
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1046241
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
7,070 SF
Lot
0.42 ac (18,295 SF)
APN
171232 AD 03400
UPID
US71-1046241
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
$2.10M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.10M
Owner & transaction history
Rascals Property LLC · 2 yrs held
Rascals Property LLC
since 2024
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+29.5%
Auto repair, garage
$2.7M
+22.6%
Apartment house (5+ units)
$2.7M
+22.4%
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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$1,805,000
6.5%
$1,665,000
7%
$1,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,205,000
Current use
RETAIL STORES
$2,855,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,700,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,700,000
Change: +22% · Conversion: Easy
RESTAURANT
$2,620,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,465,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$2,255,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Apr 29 2024)
Last sale anchor
$2.10M
Apr 29 2024
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
$297 / 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
$25,327
Tax year 2023
Assessed value
$1,584,230
Assessed 2023
Previous assessed
$1,584,230
+0.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,042,000
Improvement market value
$1,751,140
Total market value
$2,793,140
Applied tax rate
1,061.0000
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
1979
Heating
NONE
Total area
7,070 SF
Lot
0.42 ac (18,295 SF)
APN
171232 AD 03400
UPID
US71-1046241
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
$2.2M
RETAIL STORES
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
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
1979
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
Rascals Property LLC
Entity
Mailing address
40 NW GREENWOOD AVE #201, BEND, OR 97703-2053
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jan 9, 2025
—
Rascals Property LLC
—
Deed
related
$719,415 · Summit Bank
Apr 29, 2024
$2,100,000
Rascals Property LLC
40 Nw Greenwood LLC
Warranty Deed
$1,680,000 · Summit Bank
Jun 21, 2018
$1,580,000
Nw Greenwood LLC
40 Greenwood LLC
Warranty Deed
$955,000 · First Republic Bank
Mar 11, 2016
—
40 Greenwood LLC
—
Trustees Deed
related
$150,000 · Us Bk
Jan 9, 2004
$925,000
40 Greenwood LLC
Jensen Lois Trust
Warranty Deed
$990,000 · Us Bank NA
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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