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Property profile & analytics
OFF-MARKET
Motels
551 Industrial Way, Bend, OR 97702-1068
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-1852723
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2016
Total area
77,093 SF
Lot
2.3 ac (100,188 SF)
APN
181205 BA 00600
UPID
US71-1852723
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
-
For The Love Of Dentistry Dental Office
-
SpringHill Suites Bend Hotel & Motel
-
Tesla Supercharger Electric Vehicle Charging Station
-
Donna Jean Ink Medical Clinic Skin Care Clinic
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
Crane Shed LLC · 14 yrs held
Crane Shed LLC
since 2011
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
$166,830
Tax year 2023
Assessed value
$10,435,460
Assessed 2023
Previous assessed
$9,836,430
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$6,064,620
Improvement market value
$11,960,810
Total market value
$18,025,430
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2016
Heating
NONE
Total area
77,093 SF
Lot
2.3 ac (100,188 SF)
APN
181205 BA 00600
UPID
US71-1852723
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
2016
Heating
NONE
Lot
2.3 ac
Current owner
From public records · entity-resolved
Crane Shed LLC
Entity
Mailing address
PO BOX 11890, BOZEMAN, MT 59719-1890
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2019
—
Bd Bend Dev Group LLC
—
Deed
related
$12,340,000 · Wells Fargo Bk
Feb 16, 2018
—
Bd Bend Dev Group LLC
—
Grant Deed
related
$12,340,000 · Wells Fargo Bk
Aug 9, 2017
—
Bd Bend Dev Group LLC
—
Loan Modification
related
$12,249,843 · Enterprise Bk
Dec 29, 2011
$1,425,000
Crane Shed LLC
Premier W Bk
Warranty Deed
—
Oct 7, 2011
$1,750,000
Premier W Bk
Sheriff Of Deschutes County
Trustees Deed
related
—
Feb 26, 2010
—
Trono Group LLC
Trono Dev INC
Quit Claim Deed
related
—
Sep 30, 2009
—
Trono Dev INC
—
Trustees Deed
related
$2,700,000 · Premierwest Bank
Jul 1, 2009
—
Trono Dev INC
—
Trustees Deed
related
$4,185,085 · Premierwest Bank
Dec 31, 2008
—
Trono Dev INC
—
Trustees Deed
related
$1,485,085 · Premierwest Bank
Jun 22, 2007
—
Trono Dev INC
Trono Group LLC
Quit Claim Deed
related
$11,237,885 · Trono Group LLC
Mar 9, 2007
—
Trono Group LLC
—
Grant Deed
related
$2,700,000 · Premierwest Bank
Apr 4, 2006
—
Trono Group LLC
—
Trustees Deed
related
$900,000 · South Valley Bank & Trust
Apr 7, 2005
$5,060,000
Trono Group LLC
Crown Investment Group LLC
Warranty Deed
$2,850,000 · Crown Investment Group LLC
Mar 24, 2005
—
A Area Owners Committee Mill
Crown Investment Group LLC
Quit Claim Deed
related
—
Oct 21, 2004
—
Crown Investment Group LLC
—
Trustees Deed
related
$161,564 · Pac Equities INC
Apr 30, 2004
—
Crown Investment Group LLC
—
Grant Deed
related
$2,200,000 · South Valley Bank & Trust
—
—
Trono Dev INC
—
Deed Of Trust
related
$1,485,085 · Premierwest Bank
—
—
Bd Bend Dev Group LLC
—
Deed Of Trust
related
$12,380,712 · Eagle Bk&tr/mo
—
—
Bd Bend Dev Group LLC
—
Loan Modification
related
$12,340,000 · Wells Fargo 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.
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