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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
434 Norton Ave Bend, OR 97701-4322
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0088763
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1940
Total area
2,240 SF
Lot
0.21 ac (9,148 SF)
APN
171233 BB 04101
UPID
US71-0088763
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Norton House Ventures LLC · 3 yrs held
Norton House Ventures LLC
since 2022
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
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
$3,616
Tax year 2023
Assessed value
$226,160
Assessed 2023
Previous assessed
$194,220
+16.4% YoY
Effective rate
1.60%
On assessed value
Land market value
$249,210
Improvement market value
$480,760
Total market value
$729,970
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1940
Heating
NONE
Total area
2,240 SF
Lot
0.21 ac (9,148 SF)
APN
171233 BB 04101
UPID
US71-0088763
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
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Norton House Ventures LLC
Entity
Mailing address
63128 DESERT SAGE ST, BEND, OR 97701-7710
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2022
—
Norton House Ventures LLC
Susanna Selig Abrahamson
Bargain And Sale Deed
—
Jul 14, 2022
$795,000
Susanna Selig Abrahamson
Eric Jacobs
Warranty Deed
$486,500 · Arbor Mortgage Group LLC
Nov 20, 2020
—
Eric Jacobs
Eric Jacobs
Intrafamily Transfer
related
$260,000 · Academy Mortgage Corp
Jul 21, 2014
$187,000
Eric Jacobs
Hank Elliott Investment Company LLC
Warranty Deed
$183,612 · Academy Mortgage Corp
Dec 4, 2006
—
Hank Elliott Investment Co LLC
Elliott Const & Dev Co INC
Quit Claim Deed
related
—
Jun 13, 2006
—
Elliott Const & Dev Co INC
—
Deed Of Trust
related
$1,150,000 · South Valley Bank & Trust
Oct 11, 2005
$550,000
Elliott Const & Dev Co INC
Clausen,earl H
Warranty Deed
$385,000 · South Valley Bank & Trust
—
—
Hank R Elliott
—
Deed Of Trust
related
$322,520 · Elliott Living Trust (pt)
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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