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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Warehouses
61510 American Ln, Bend, OR 97702-9793
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0359992
Property summary
AI-generated overview
This 16,534-square-foot industrial complex in Bend, Oregon, offers a rare opportunity to lease a versatile space. Located at 61510 American Ln, 97702, this single-story building features five separate suites, ranging in size from 3,000 to 5,200 square feet, with the option to lease the entire facility. The property boasts a desirable location in the SE Bend Industrial submarket, offering excellent visibility and access to major transportation arteries, including the Bend Parkway and Highway 97. Key features include a dock-high loading door with a 14' roll-up door, four drive-in doors, 14'-24' ceiling heights, three-phase 480v power, and ample on-site parking. The building also includes multiple restrooms, office spaces, classrooms, lunchrooms/breakrooms, and storage areas. Manufacturing uses are permitted, with SDC fees paid for most suites. An added benefit is an outside fenced storage yard. The property is zoned IL-Light Industrial and sits on one acre of land. Suite-specific power details are available upon request. Lease incentives are available for qualified tenants. This property is ideal for businesses seeking a flexible and well-equipped industrial space in a prime Bend location. Contact us today to learn more about leasing options and availability.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
11,250 SF
Lot
1 ac (43,560 SF)
APN
181209 AB 00402
UPID
US71-0359992
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
-
EarthCruiser Overland Vehicles Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.30M
Owner & transaction history
Enzo Holdingss LLC · 2 yrs held
Enzo Holdingss LLC
since 2024
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+30.2%
Office building
$3.6M
+28.9%
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 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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,940,000
7%
$1,800,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,760,000
Current use
MEDICAL BUILDING
$3,590,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$3,555,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Apr 16 2024)
Last sale anchor
$2.30M
Apr 16 2024
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
$204 / 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
$15,529
Tax year 2023
Assessed value
$971,370
Assessed 2023
Previous assessed
$971,370
+0.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$828,210
Improvement market value
$1,857,770
Total market value
$2,685,980
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
2
Total area
11,250 SF
Lot
1 ac (43,560 SF)
APN
181209 AB 00402
UPID
US71-0359992
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
$2.8M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
WAREHOUSE, STORAGE Current
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
1997
Heating
NONE
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Enzo Holdingss LLC
Entity
Mailing address
101 SW MAIN ST STE #1200, PORTLAND, OR 97204-3265
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 16, 2024
$2,300,000
Enzo Holdingss LLC
Daniel M Westermeyer
Warranty Deed
$1,725,000 · Selco Community Cu
Jun 4, 2004
—
Blanck Daryl & Yvonne Trust
Blanck,daryl L & Yvonne 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.
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