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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Warehouses
605 Lk Rd Redmond, OR 97756-2334
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-1279843
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
4,000 SF
Lot
2 ac (87,120 SF)
APN
151315 BC 00400
UPID
US71-1279843
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
$962k
Blend (final)
Blend
$960k
Owner & transaction history
Zbk Holdings LLC · 7 yrs held
Zbk Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+114.0%
Commercial (general)
$1.5M
+109.5%
Retail stores
$1.3M
+82.9%
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 Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond 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
$715,000
Current use
AUTO REPAIR, GARAGE
$1,530,000
Change: +114% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,495,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$1,305,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$1,275,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$1,095,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$240 / 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
$11,410
Tax year 2023
Assessed value
$574,890
Assessed 2023
Previous assessed
$541,900
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$442,130
Improvement market value
$810,320
Total market value
$1,252,450
Applied tax rate
2,001.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Total area
4,000 SF
Lot
2 ac (87,120 SF)
APN
151315 BC 00400
UPID
US71-1279843
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
$715,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2018
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
Zbk Holdings LLC
Entity
Mailing address
PO BOX 1847, REDMOND, OR 97756-0524
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
—
Zbx Holdings LLC
—
Deed
related
$400,000 · First Interstate Bank
Jan 10, 2019
—
Zbk Holdings LLC
—
Deed
related
$540,000 · First Interstate Bank
Dec 24, 2018
—
Zbk Holdings LLC
Phoenix Asphalt Maint Co INC
Grant Deed
—
Nov 3, 2017
—
Phoenix Asphalt Maintenance Co
—
Deed
related
$497,600 · First Interstate Bk
Jul 31, 2017
$283,140
Phoenix Asphalt Maintenance Co
Kemp Bruce & Terri Trust
Warranty Deed
$226,512 · Bank Of The Cascades
Oct 26, 2015
—
Kemp,bruce & Terri Trust
Kemp,bruce L & Terri K
Quit Claim Deed
related
—
Sep 7, 2006
—
Bruce L Kemp
Airway Properties LLC
Grant Deed
related
—
—
—
Phoenix Asphalt Maintenance Co
—
Loan Modification
related
$497,600 · First Interstate Bk
—
—
Bruce L Kemp
—
Deed Of Trust
related
$75,000 · Zions First National Bank
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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