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Property profile & analytics
OFF-MARKET
Medical Office Space
403 Franklin Ave Bend, OR 97701-4918
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-1694504
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Total area
1,642 SF
Lot
0.16 ac (6,970 SF)
Zoning code
GI
APN
171233 CB 09000
UPID
US71-1694504
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
-
Cascade Cancer Care Medical Clinic
-
Katherine Neubauer, ND, FABNO Alternative Medicine Practice
-
Sage Health Center Alternative Medicine Practice
-
Natasha Rudd Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morray Joint Trust · 6 yrs held
Morray Joint Trust
since 2020
Last sale
$292,000
7 recorded transactions
Zoning & alternative use
GI · Bend, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,304
Tax year 2023
Assessed value
$269,250
Assessed 2023
Previous assessed
$253,800
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$260,470
Improvement market value
$293,360
Total market value
$553,830
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
Off-Market
Year built
1964
Heating
NONE
Total area
1,642 SF
Lot
0.16 ac (6,970 SF)
Zoning code
GI
APN
171233 CB 09000
UPID
US71-1694504
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.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Morray Joint Trust
Trust
Mailing address
2275 LAWRENCE ST, EUGENE, OR 97405-2655
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
—
Morray Joint Trust
Darian W Morray
Quit Claim Deed
related
—
Jul 15, 2013
$292,000
Darian W Morray
403 Ne Franklin LLC
Warranty Deed
—
Mar 25, 2009
—
403 Ne Franklin LLC
Dickens,connie
Grant Deed
—
Jul 18, 2008
$425,000
Sheila M Myers
Rosenzweig,brian J & Andrea
Warranty Deed
$300,000 · Brian & Andrea Rosenzweig
Jul 10, 2007
—
Brian J Rosenzweig
—
Deed Of Trust
related
$1,612,000 · Bank Of The Cascades
Feb 28, 2006
—
Brian J Rosenzweig
Henson Mtn Dev LLC
Grant Deed
$250,000 · Robert O Ira-cu
Jul 1, 2004
$328,829
Henson Mtn Dev LLC
Owner Name Unavailable
Warranty Deed
related
—
—
—
403 Ne Franklin Avenue LLC
—
Deed Of Trust
related
$282,132 · Brian & Andrea Rosenzweig
—
—
Rosenzweig Properties LLC
—
Deed Of Trust
related
$1,626,000 · High Desert 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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