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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Office buildings
51622 Huntington Rd La Pine, OR 97739
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1035465
Property summary
AI-generated overview
The Huntington Retail Center presents a unique opportunity for businesses seeking a prominent location in La Pine, Oregon. This Class B retail property, situated on a one-acre lot at the intersection of 1st Street, offers a total of 10,000 square feet of space across two single-story buildings. Built in 1990 and extensively renovated in 2020, the center boasts a modern aesthetic both inside and out. The property is comprised of seven individual suites, with a minimum divisible space of 2,350 square feet and a maximum contiguous space of 2,350 square feet. Currently, 2,350 square feet is available. Ample parking is provided with 20 spaces. The property features 110-240 volt power. The zoning is designated as LA PINE TRADITIONAL COMMERCIAL, ensuring flexibility for a variety of retail uses. The property's location within Submarket 1 and Submarket Cluster 1 offers excellent visibility and accessibility. Property taxes are $1 per square foot. The building has a load factor of 1 and a floor area ratio (FAR) of 1. The APN is 221011CC01001, located in Deschutes County. This is an exceptional opportunity to establish or expand your business in a thriving community. The updated exterior and beautiful interior are truly impressive.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
6,420 SF
Lot
1.06 ac (46,174 SF)
APN
221011 CC 01001
UPID
US71-1035465
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
$1.30M
Blend (final)
Blend
$1.30M
Owner & transaction history
Russell Industries INC · 8 yrs held
Russell Industries INC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+8.0%
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 La Pine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Pine 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
$1,895,000
Current use
MEDICAL BUILDING
$2,050,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$202 / 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
$5,056
Tax year 2023
Assessed value
$280,870
Assessed 2023
Previous assessed
$264,750
+6.1% YoY
Effective rate
1.80%
On assessed value
Land market value
$268,940
Improvement market value
$209,590
Total market value
$478,530
Applied tax rate
1,127.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2000
Heating
NONE
Total area
6,420 SF
Lot
1.06 ac (46,174 SF)
APN
221011 CC 01001
UPID
US71-1035465
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
$1.9M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING Current
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
2000
Heating
NONE
Lot
1.06 ac
Current owner
From public records · entity-resolved
Russell Industries INC
Entity
Mailing address
60321 SAGE STONE LOOP, BEND, OR 97702-9363
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2017
—
Russell Industries INC
—
Deed
related
$526,000 · Mid Or FCU
—
—
Russell Industries INC
—
Deed Of Trust
related
$526,000 · Mid Or FCU
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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