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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Turn key restaurants
62040 27th St, Bend, OR 97701-9501
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US71-1145308
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2017
Total area
5,038 SF
Lot
0.58 ac (25,265 SF)
Zoning code
UT
APN
171235 CC 00800
UPID
US71-1145308
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
-
El Caporal | Family Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.85M
Owner & transaction history
Surf Thru INC · 9 yrs held
Surf Thru INC
since 2016
5 recorded transactions
Zoning & alternative use
UT · Bend, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+9.0%
Auto repair, garage
$1.9M
+3.2%
Apartment house (5+ units)
$1.9M
+3.0%
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
RESTAURANT
$1,865,000
Current use
RETAIL STORES
$2,035,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,925,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,920,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,755,000
Change: -6% · Conversion: Easy
MEDICAL BUILDING
$1,610,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$1,595,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$367 / 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
$15,327
Tax year 2023
Assessed value
$958,750
Assessed 2023
Previous assessed
$903,720
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$536,970
Improvement market value
$1,069,540
Total market value
$1,606,510
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2017
Heating
NONE
Total area
5,038 SF
Lot
0.58 ac (25,265 SF)
Zoning code
UT
APN
171235 CC 00800
UPID
US71-1145308
Jurisdiction
DESCHUTES
Zoning & alternative use
UT · Bend, OR
Zoning UT · permitted uses
UT · Bend, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bend. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.9M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2017
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Surf Thru INC
Entity
Mailing address
63196 DESERT SAGE ST, BEND, OR 97701-7710
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2018
—
Gdl Tierra Mojada LLC
—
Deed
related
$868,000 · Business Dev
Nov 28, 2016
$1,100,000
Surf Thru INC
27th Street Investments LLC
Warranty Deed
$660,000 · Tri Counties Bank
May 19, 2008
—
27th Street Investment LLC
Fraley,brad & Kami
Warranty Deed
—
Jun 21, 2005
$1,000,000
Brad Fraley
Smith,sidney T
Warranty Deed
$703,000 · Bank Of The Cascades
—
—
Gdl Tierra Mojada LLC
—
Deed Of Trust
related
$868,000 · Business Dev
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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