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Property profile & analytics
OFF-MARKET
Estimated value
$6,050,000
Office Spaces
62925 18th St Bend, OR 97701-9847
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-1621342
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
36,334 SF
Lot
1.09 ac (47,480 SF)
APN
171222 CB 05100
UPID
US71-1621342
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
-
Patheon Bend Facility Factory Production Facility
-
Thermo Fisher Scientific Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.88M
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$6.05M
Owner & transaction history
Lot 12 Bbp LLC · 4 yrs held
Lot 12 Bbp LLC
since 2021
Last sale
$4.1M
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
Method
Estimation
Statistic approach
$4,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,540,000
6.5%
$7,880,000
7%
$7,320,000
Blend value · Realmo final
$6.05M
Range $5.45M – $6.66M · ±10% · vs last sale $4.05M (Oct 5 2021)
Last sale anchor
$4.05M
Oct 5 2021
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
$167 / 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
$36,382
Tax year 2023
Assessed value
$2,275,760
Assessed 2023
Previous assessed
$1,241,330
+83.3% YoY
Effective rate
1.60%
On assessed value
Land market value
$712,210
Improvement market value
$3,312,410
Total market value
$4,024,620
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Total area
36,334 SF
Lot
1.09 ac (47,480 SF)
APN
171222 CB 05100
UPID
US71-1621342
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
2007
Heating
NONE
Buildings
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Lot 12 Bbp LLC
Entity
Free & Clear · 4 yrs held
Mailing address
21386 S SPRINGWATER RD, ESTACADA, OR 97023-9615
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
$4,050,000
Lot 12 Bbp LLC
Basalt Lot 12 LLC
Warranty Deed
—
Jul 12, 2006
—
Basalt Lot 12 LLC
Merrill,o Jay
Warranty Deed
—
Jul 12, 2006
$102,082
Basalt Lot 12 LLC
Cohen,matthew
Warranty Deed
—
Apr 13, 2006
—
O J Merrill
Ojm Properties LLC
Grant Deed
—
Jun 17, 2005
$320,000
Ojm Properties LLC
Bpcm
Warranty Deed
$220,000 · Umpqua Bank
—
—
Basalt Lot 12 LLC
—
Deed Of Trust
related
$1,550,000 · South Valley Bank & Trust
—
—
Basalt Lot 12 LLC
—
Deed Of Trust
related
$1,400,000 · Bank Of The Cascades
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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