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Property profile & analytics
OFF-MARKET
Motels
61070 Hwy 97, Bend, OR 97702-7908
Entity Owned
7-yr Hold
Free & Clear
Property ID
US71-1034524
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2019
Total area
61,001 SF
Lot
2.33 ac (101,495 SF)
APN
181217 00 02306
UPID
US71-1034524
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
-
Holiday Inn Express & Suites Bend South, an IHG Hotel Hotel & Motel
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
Bend97 LLC · 7 yrs held
Bend97 LLC
since 2019
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
$90,435
Tax year 2023
Assessed value
$5,656,870
Assessed 2023
Previous assessed
$5,332,150
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$2,244,870
Improvement market value
$12,447,470
Total market value
$14,692,340
Applied tax rate
1,122.0000
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
2019
Heating
NONE
Total area
61,001 SF
Lot
2.33 ac (101,495 SF)
APN
181217 00 02306
UPID
US71-1034524
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
2019
Heating
NONE
Lot
2.33 ac
Current owner
From public records · entity-resolved
Bend97 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
840 BELTLINE RD STE #202, SPRINGFIELD, OR 97477-1192
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2019
—
Bend97 LLC
—
Grant Deed
related
$11,239,309 · Summit Bk
Apr 10, 2019
—
Bend97 LLC
Iron Gate Investments Hi LLC
Warranty Deed
—
Mar 28, 2019
—
Bend97 LLC
Magnolia Memory Care LLC
Warranty Deed
—
Dec 31, 2018
$2,674,000
Magnolia Memory Care LLC
Iron Gate Investments III LLC
Warranty Deed
—
Dec 13, 2018
—
Iron Gate Investments Ih LLC
Brayco LLC
Grant Deed
—
Jul 28, 2017
$1,640,000
Brayco LLC
Wood Elon L Family Trust
Warranty Deed
—
Nov 8, 2007
$220,000
Lora Borden
Owner Name Unavailable
Warranty Deed
related
—
May 20, 2005
—
David D Anderson
Anderson,david D & Janice M
Quit Claim Deed
related
—
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.
Try Rey
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