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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Warehouses
506 Pne St, Sisters, OR 97759-2625
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0623285
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
6,000 SF
Lot
1.02 ac (44,431 SF)
APN
151004 CB 00500
UPID
US71-0623285
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
$1.40M
Blend (final)
Blend
$1.40M
Owner & transaction history
Plan B Properties LLC · 18 yrs held
Plan B Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+77.2%
Apartment house (5+ units)
$2.3M
+76.9%
Commercial (general)
$2.2M
+73.5%
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 Sisters submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sisters 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
WAREHOUSE, STORAGE
$1,295,000
Current use
AUTO REPAIR, GARAGE
$2,295,000
Change: +77% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,290,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,245,000
Change: +73% · Conversion: Difficult
RESTAURANT
$2,225,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$2,065,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$1,915,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$1,775,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$233 / 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
$8,353
Tax year 2023
Assessed value
$504,150
Assessed 2023
Previous assessed
$475,220
+6.1% YoY
Effective rate
1.66%
On assessed value
Land market value
$656,320
Improvement market value
$888,060
Total market value
$1,544,380
Applied tax rate
6,001.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
2
Total area
6,000 SF
Lot
1.02 ac (44,431 SF)
APN
151004 CB 00500
UPID
US71-0623285
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1992
Heating
NONE
Buildings
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Plan B Properties LLC
Entity
Mailing address
PO BOX 781, SISTERS, OR 97759-0781
Ownership since
2007
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
Mar 9, 2020
—
Plan B Properties LLC
—
Deed
related
$200,000 · First Interstate Bk
Apr 29, 2019
—
Plan B Properties LLC
—
Trustees Deed
related
$372,750 · First Interstate Bk
Jun 16, 2016
—
Plan B Properties LLC
—
Deed
related
$1,486,469 · Rodney B & Connie J Morris
Jun 29, 2007
$1,783,454
Plan B Properties LLC
Morris,rodney B & Connie J
Warranty Deed
$196,985 · Rodney B & Connie J Morris
—
—
Plan B Properties LLC
—
Deed Of Trust
related
$1,257,750 · First Interstate Bk
—
—
Plan B Properties LLC
—
Deed Of Trust
related
$200,000 · First Interstate Bk
—
—
Plan B Properties LLC
—
Loan Modification
related
$1,486,469 · Rodney B & Connie J Morris
—
—
Rodney B Morris
—
Deed Of Trust
related
$250,000 · Bank Of The Cascades
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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