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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Bars & Pubs
404 Frst Ave, Redmond, OR 97756-2825
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US71-0387206
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2018
Total area
1,304 SF
Lot
0.29 ac (12,632 SF)
APN
151316 AD 02500
UPID
US71-0387206
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
$569k
Blend (final)
Blend
$570k
Owner & transaction history
Robertson & Price LLC · 13 yrs held
Robertson & Price LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$500,000
+3.2%
Commercial (general)
$490,000
+1.0%
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 Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond 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
RESTAURANT
$485,000
Current use
AUTO REPAIR, GARAGE
$500,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$490,000
Change: +1% · Conversion: Easy
RETAIL STORES
$425,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$415,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$437 / 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
$5,849
Tax year 2023
Assessed value
$294,700
Assessed 2023
Previous assessed
$277,790
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$316,700
Improvement market value
$288,610
Total market value
$605,310
Applied tax rate
2,039.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2018
Heating
OIL
Stories
1
Bathrooms
1
Total area
1,304 SF
Lot
0.29 ac (12,632 SF)
APN
151316 AD 02500
UPID
US71-0387206
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
RESTAURANT Current
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$490,000
RETAIL STORES
Est. value
$425,000
MEDICAL BUILDING
Est. value
$415,000
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2018
Heating
OIL
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Robertson & Price LLC
Entity
Mailing address
2335 NW 21ST CT, REDMOND, OR 97756-8460
Ownership since
2013
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
Oct 14, 2022
—
Robertson & Price LLC
—
Deed
related
$500,000 · Summit Bank
Sep 25, 2018
—
Robertson & Price LLC
—
Deed
related
$100,000 · Redmond Urban Renewal Agcy
Apr 19, 2013
—
Robertson & Price LLC
Black Rock Properties LLC
Deed In Lieu Of Foreclosure
related
—
Jul 23, 2010
$1,200,000
Black Rock Properties LLC
Robertson & Price LLC
Grant Deed
—
Oct 17, 2008
$235,000
Robertson & Price LLC
Woods,darlene
Warranty Deed
—
Jun 13, 2005
$180,000
Darlene Woods
Iog
Warranty Deed
$162,000 · Iog
—
—
Robertson & Price LLC
—
Deed Of Trust
related
$100,000 · Redmond Urban Renewal Agcy
—
—
Robertson & Price LLC
—
Deed Of Trust
related
$200,000 · Richard H & Shirley A Huff
—
—
Robertson & Price LLC
—
Deed Of Trust
related
—
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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