Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    511 W Cascade Ave Sisters, OR 97759

    • Motels
    • 3,384 SF
    • 0.79 lot acres
    For Sale
    View listing
    $2,695,000
    Last Sale
    Jan 07, 2025
    $2,422,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0791975
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 511 W Cascade Ave

    Year built
    1949
    Lot size
    0.79 lot acres
    Property size
    3,384 SF
    Property type
    Motels
    APN
    151008 AA 00500
    APU
    151008AA00500

    Description

    This exceptional Sisters, Oregon hospitality property presents a fantastic investment opportunity. The Left Coast Lodge, LLC, boasts 11 recently updated units, each enhanced with amenities such as small kitchenettes for guest convenience. Situated on a 0.86-acre lot at 511 W Cascade Avenue, this 3,384 square foot lodge enjoys a prime location within walking distance of Sisters' vibrant downtown area, offering easy access to restaurants and shops. On-site amenities cater to a diverse clientele, including a bike repair station, an enclosed dog run, and an inviting outdoor fire pit, creating a welcoming atmosphere. The property also includes manager's living quarters, adding to its operational efficiency. The lodge has a proven track record of strong financial performance

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,445,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sisters
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.556
    Latitude
    44.2909
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,875
    $0.00
    $0.00
    $621,960
    -
    $1,062,640
    $210,160
    $1,272,800

    Comparable in this City

    • Value Estimation by Request
      23,760 SF

      1026 Rail Way

      MOTEL • 23,760 SF
      1026 Rail Way, Sisters, OR 97759-9545
      View Details
    • Value Estimation
      $1,635,000
      32,972 SF

      605 Arrowleaf Trl

      MOTEL • 32,972 SF
      605 Arrowleaf Trl, Sisters, OR 97759-2610
      View Details
    • Value Estimation by Request
      25,548 SF

      500 Hwy 20

      MOTEL • 25,548 SF
      500 Hwy 20, Sisters, OR 97759-2621
      View Details
    • Value Estimation by Request
      2,392 SF

      17045 Royal Coachman Dr

      HOTEL-RESORT • 2,392 SF
      17045 Royal Coachman Dr, Sisters, OR 97759-9834
      View Details
    • Value Estimation by Request
      0.04 Acres

      70408 Ponderosa Ln

      HOTEL-RESORT • 0.04 Acres
      70408 Ponderosa Ln, Sisters, OR 97759-2525
      View Details
    • Value Estimation by Request
      5,693 SF

      Sisters, OR 97759

      HOTEL-RESORT • 5,693 SF
      Sisters, OR 97759
      View Details

    Similar Nearby for Sale

    • $2,695,000

      Boutique Lodge in Sisters, Oregon

      Boutique lodge with 11 updated units in Sisters, Oregon.
      511 W Cascade Ave, Sisters, OR 97759
      View Details
    • New
      $394,000
      0.88 Acres

      Residential Land in Sisters, Oregon

      Large level lot near Sisters, Oregon with lifestyle appeal.
      69130 Damsel Fly Ct, Sisters, OR 97759
      View Details
    • $254,500
      0.14 Acres

      Residential Land in Sisters, Oregon

      Ready-to-build lot near downtown and trails in Sisters, Oregon.
      691 S Elm St, Sisters, OR 97759
      View Details
    • $1,500,000
      5,700 SF

      Sisters, Oregon Office Building

      Office building for sale in Sisters, Oregon.
      257 S Pine St, Sisters, OR 97759
      View Details
    • $925,000

      Commercial Land in Sisters, Oregon

      Flat, developable commercial land with road frontage on three sides.
      N Spruce St, Sisters, OR 97759
      View Details
    • $319,000
      0.10 Acres

      Corner Lot in Sisters, Oregon

      Commercial land for sale in prime Sisters location.
      285 W Washington Ave, Sisters, OR 97759
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      626 SF

      Office Space in Sisters, Oregon

      Office space available for lease in Sisters, Oregon.
      178 S Elm St, Sisters, OR 97759
      View Details
    • $1.20 SF/Yr
      6,000 SF

      Professional Office Space in Sisters

      Professional office space with open layout, private offices, and kitchenette.
      703 N Larch St, Sisters, OR 97759
      View Details
    • $1.20 SF/Yr

      Professional Office Space in Sisters

      Office space with open layout, private offices, and parking.
      703 N Larch St, Sisters, OR 97759
      View Details
    • Sponsored
      Contact for pricing

      OR, Sisters - Fir St

      Flexible workspace in PA, Greensburg - Main St
      207 Fir St, Sisters, OR 97759
      View Details
    • $14 SF/Yr
      6,000 SF

      Sisters Executive Office Space

      Prime Sisters location, 6,000 sq ft office.
      703 Larch St, Sisters, OR 97759
      View Details
    • $500 /Mo

      Downtown Sisters Office/Retail Space

      Professionally managed office/retail space with ample foot traffic.
      178 S Elm St, Sisters, OR 97759
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    511 W Cascade Ave
    Sisters, OR 97759
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!