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Property profile & analytics
OFF-MARKET
Estimated value
$7,830,000
Office buildings
475 Bellevue Dr Bend, OR 97701-7415
Entity Owned
16-yr Hold
Free & Clear
Property ID
US71-1103220
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
23,372 SF
Lot
1.47 ac (64,033 SF)
APN
171235 CB 00189
UPID
US71-1103220
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
-
Department of Environmental Quality, Bend office State Government Office
-
Oxford Corporate Corporate Office
-
Baney Corporation Hotel & Motel
-
Agriculture Department State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.83M
Blend (final)
Blend
$7.83M
Owner & transaction history
Baney Corp · 16 yrs held
Baney Corp
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.4M
+27.7%
Auto repair, garage
$8.9M
+20.8%
Apartment house (5+ units)
$8.9M
+20.6%
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
$7,395,000
Current use
RETAIL STORES
$9,440,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,935,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,920,000
Change: +21% · Conversion: Easy
RESTAURANT
$8,660,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,135,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$7,460,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$7.83M
Range $7.05M – $8.61M · ±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
$335 / 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
$54,211
Tax year 2023
Assessed value
$3,390,990
Assessed 2023
Previous assessed
$3,196,340
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$2,704,380
Improvement market value
$4,496,170
Total market value
$7,200,550
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
2007
Heating
NONE
Buildings
2
Total area
23,372 SF
Lot
1.47 ac (64,033 SF)
APN
171235 CB 00189
UPID
US71-1103220
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
$7.4M
RETAIL STORES
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
RESTAURANT
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.5M
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
2007
Heating
NONE
Buildings
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Baney Corp
Entity
Free & Clear · 16 yrs held
Mailing address
475 NE BELLEVUE DR STE #210, BEND, OR 97701-7411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2009
—
Baney Corp
Carolina Mtn Dev LLC
Quit Claim Deed
related
—
Dec 30, 2008
—
Baney Corp
Carolina Mtn Dev LLC
Quit Claim Deed
related
—
Mar 16, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 29, 2005
—
Baney Corp
Worthington Family Trust
Warranty Deed
—
Jul 27, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 8, 2005
—
American Exchange Services INC
Getz Trust
Warranty Deed
—
—
—
Baney Corp
—
Loan Modification
related
$4,457,051 · Us Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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