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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office buildings
61000 Brosterhous Rd, Bend, OR 97702-9481
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US71-0678354
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
2,288 SF
Lot
31.29 ac (1,362,992 SF)
APN
181216 00 00605
UPID
US71-0678354
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
-
Magical cleaning services Hardware & Home Improvement
-
The Pines Mobile Home Dealer
-
Martinez Housekeeping Services LLC Hardware & Home Improvement
-
Vodka182 Clothing Store
-
Panaderia El Vale LLC Bakery Specialty Food Shop
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
The Pines Mhc LLC · 15 yrs held
The Pines Mhc LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+27.8%
Auto repair, garage
$875,000
+20.9%
Commercial (general)
$795,000
+10.2%
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
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
$725,000
Current use
RETAIL STORES
$925,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$875,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$795,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$730,000
Change: +1% · Conversion: Easy
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
$420 / 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
$57,742
Tax year 2023
Assessed value
$3,611,870
Assessed 2023
Previous assessed
$3,383,460
+6.8% YoY
Effective rate
1.60%
On assessed value
Land market value
$4,398,740
Improvement market value
$12,896,280
Total market value
$17,295,020
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
119
Total area
2,288 SF
Lot
31.29 ac (1,362,992 SF)
APN
181216 00 00605
UPID
US71-0678354
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
$725,000
RETAIL STORES
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$795,000
MEDICAL BUILDING
Est. value
$730,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1995
Heating
NONE
Buildings
119
Lot
31.29 ac
Current owner
From public records · entity-resolved
The Pines Mhc LLC
Entity
Mailing address
18006 SKY PARK CIR STE #200, IRVINE, CA 92614-6406
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2011
—
Gtp Infrastructure II LLC
—
Deed Of Trust
related
$500,000,000 · Bank Of Ny Mellon (ce)
Aug 2, 2010
—
The Pines Mhc LLC
Windstone Mhp LLC
Bargain And Sale Deed
$7,400,000 · Wells Fargo Bank NA
Jun 2, 2010
—
Gtp Infrastructure II LLC
—
Deed Of Trust
related
$500,000,000 · Bank Of New York Mellon (ce)
Jan 5, 2007
—
Hidden Hills East LLC
Matrix Dev Corp
Grant Deed
$15,250,000 · M & T Bank
Jun 20, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$11,870,000 · General Electric Capital Corp
Feb 11, 2004
$4,795,000
Joseph Sherman
Brewer Trust
Warranty Deed
—
Feb 11, 2004
—
River Place Mhc
Sherman,joseph
Grant Deed
$3,500,000 · First Mutual Bank
Jul 14, 2003
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Nov 1, 2000
—
Rusch,irene L Trust
Rusch,irene L
Quit Claim Deed
related
—
—
—
Pines Mhc LLC
—
Deed Of Trust
related
$14,127,000 · 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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