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Property profile & analytics
OFF-MARKET
Estimated value
$4,520,000
Office buildings
400 Blf Dr Bend, OR 97702-1696
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0883614
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
19,576 SF
Lot
0.54 ac (23,522 SF)
APN
181205 AC 02600
UPID
US71-0883614
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
-
LIESEL CHRISTOE-FRAZIER Physician Medical Clinic
-
Crystal Lake Community Management Property Management Company
-
Stephen S. Talley, PsyD Physician Medical Clinic
-
Old Mill Property Construction Company
-
Alicia Viani Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$4.52M
Owner & transaction history
Old Mill Properties LLC · 23 yrs held
Old Mill Properties LLC
since 2003
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+20.9%
Apartment house (5+ units)
$7.5M
+20.7%
Restaurant
$7.3M
+17.2%
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
OFFICE BUILDING
$6,185,000
Current use
AUTO REPAIR, GARAGE
$7,480,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,470,000
Change: +21% · Conversion: Easy
RESTAURANT
$7,255,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,815,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$6,245,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.52M
Range $4.07M – $4.97M · ±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
$231 / 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
$36,536
Tax year 2023
Assessed value
$2,285,390
Assessed 2023
Previous assessed
$2,154,210
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,571,100
Improvement market value
$2,869,240
Total market value
$4,440,340
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Total area
19,576 SF
Lot
0.54 ac (23,522 SF)
APN
181205 AC 02600
UPID
US71-0883614
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
$6.2M
AUTO REPAIR, GARAGE
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
RESTAURANT
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.2M
OFFICE BUILDING Current
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
2003
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
Old Mill Properties LLC
Entity
Mailing address
1 LITTLE RIV CIR, CORONA DEL MAR, CA 92625-1013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Mar 4, 2003
—
Old Mill Properties LLC
Rognlien B & M Trust
Grant Deed
related
—
—
—
Old Mill Properties LLC
—
Deed Of Trust
related
$1,750,000 · Bank Of The Cascades
—
—
Old Mill Properties LLC
—
Deed Of Trust
related
$2,300,000 · Bridger Commercial Funding LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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