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Property profile & analytics
OFF-MARKET
Motels
61200 Hwy 97, Bend, OR 97702-2522
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0690543
Property summary
AI-generated overview
This exceptional 65-room, three-story interior corridor hotel in Bend, Oregon, presents a lucrative investment opportunity. Boasting an impressive 8.60% cap rate and an average daily rate exceeding $128, this property generated $2,038,734 in revenue in 2023. Situated on a 1.53-acre lot at 61200 S Hwy 97, Bend, OR 97702 (APN: 181217 BA 00704), the hotel benefits from a highly desirable location across from a Walmart Supercenter, Nike Store, and Bend Factory Outlets. Built in 1990 and extensively renovated in 2022, the property requires minimal transfer PIP. Amenities include a complimentary hot breakfast, gym, and indoor pool and spa. The hotel operates under a ground lease with 32 years remaining. This leasehold ownership presents a compelling opportunity to capitalize on Bend's thriving tourism market, fueled by year-round recreational activities. The property's strong performance and prime location make it an ideal addition to any investment portfolio. This is a 1-building, 2-story hotel.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Total area
34,154 SF
Lot
1.53 ac (66,647 SF)
APN
181217 BA 00704
UPID
US71-0690543
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
-
La Quinta Inn by Wyndham Bend 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
Redrock Inn-vestments LLC · 8 yrs held
Redrock Inn-vestments LLC
since 2018
2 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
$13,121
Tax year 2023
Assessed value
$3,663,780
Assessed 2023
Previous assessed
$3,453,490
+6.1% YoY
Effective rate
0.36%
On assessed value
Land market value
$2,742,320
Improvement market value
$9,596,590
Total market value
$12,338,910
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
1990
Heating
NONE
Total area
34,154 SF
Lot
1.53 ac (66,647 SF)
APN
181217 BA 00704
UPID
US71-0690543
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
1990
Heating
NONE
Lot
1.53 ac
Current owner
From public records · entity-resolved
Redrock Inn-vestments LLC
Entity
Mailing address
PO BOX 3002, CORVALLIS, OR 97339-3002
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2018
—
Redrock Inn-vestments LLC
—
Deed
related
$1,329,167 · Mountain America FCU
—
—
Redrock Inn-vestments LLC
—
Loan Modification
related
$1,329,167 · Mountain America 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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