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    Property profile & analytics

    62971 Plateau Dr Bend, OR 97701-5890

    • Warehouses
    • 20,550 SF
    • 1.47 lot acres
    OFF-MARKET
    Value Estimations
    $4,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0023942
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SouthernCarlson / Building Supply / Construction Company
    • Gary's VACUFLO, Inc. / Home Appliance Store / (Bike/Boat/Book/etc) Store
    • Clarks University of Martial Arts / Training Center / Sports School
    • Alpine Glass Company / Hardware & Home Improvement / Home Decor Store
    • Guarantee Air Duct Cleaning / HVAC Service

    Property Details for 62971 Plateau Dr

    Year built
    1999
    Lot size
    1.47 lot acres
    Property size
    20,550 SF
    Property type
    Warehouses
    APN
    171221 DB 02300
    APU
    171221DB02300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,246,000
      Market price range: $2.79M - $6.20M
      AI Estimate
      $4,246,000
      Market price range: $2.79M - $6.20M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,230,000
      Current use
      MEDICAL BUILDING
      $6,560,000
      Change: +55% Conversion: Difficult
      OFFICE BUILDING
      $6,500,000
      Change: +54% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.293
    Latitude
    44.0861
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,386
    $0.00
    $0.00
    $1,650,480
    -
    $1,031,770
    $2,607,950
    $3,639,720

    Comparable in this City

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      4,500 SF

      62946 Layton Ave

      WAREHOUSE, STORAGE • 4,500 SF
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    • Value Estimation by Request
      2,279 SF

      131 Greenwood Ave

      WAREHOUSE, STORAGE • 2,279 SF
      131 Greenwood Ave, Bend, OR 97701-4601
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    • Value Estimation
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      9,004 SF

      1717 Hwy 20

      WAREHOUSE, STORAGE • 9,004 SF
      1717 Hwy 20, Bend, OR 97701-4830
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    • Value Estimation
      $680,000
      5,000 SF

      2059 3rd St

      WAREHOUSE, STORAGE • 5,000 SF
      2059 3rd St, Bend, OR 97701
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    • Value Estimation
      $8,045,000
      26,674 SF

      2543 4th St

      WAREHOUSE, STORAGE • 26,674 SF
      2543 4th St, Bend, OR 97701-3665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,376 SF

      Bend Mixed-Use Retail/Warehouse Opportunity

      21,376 SF retail, showroom, warehouse, and office space for sale.
      355 NE 2Nd St, Bend, OR 97701
      View Details
    • $2,690,000
      12,080 SF

      Bend Warehouse and Flex Space

      Two suites with warehouse, office, and showroom space for sale.
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    • $2,250,000
      5.00 Acres

      Bend, OR Subdivision Opportunity

      Subdivision opportunity in NE Bend, zoned RS.
      20570 Fred Meyers Rd, Bend, OR 97701
      View Details
    • $2,012,472

      Bend Land in Medical District

      Developable land parcel in the Medical Overlay District.
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      Prime Redevelopment Land in Bend

      3.53 acres for redevelopment in Bend's Central District.
      105 NE Franklin Ave, Bend, OR 97701
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    • $1,646,568

      Land Available in Bend, Oregon

      Land for sale in Bend, Oregon.
      1239 NE Medical Center Dr, Bend, OR 97701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bend Flex/Industrial Space Available

      Flex/Industrial space available for lease in Bend, Oregon.
      64415 Strickler Ave, Bend, OR 97701
      View Details
    • $1.00 SF/Yr
      3,500 SF

      Bend Industrial Flex Space Available

      Industrial flex space for lease in Bend, Oregon.
      63010 Plateau Dr, Bend, OR 97701
      View Details
    • Contact for pricing

      New Industrial Space For Rent

      7,759 SF industrial space in South Brinson Business Park.
      20723 NE Brinson Blvd, Bend, OR 97701
      View Details
    • $1.00 SF/Yr
      10,440 SF

      Bend Industrial Space For Lease

      7,759 SF industrial space in South Brinson Business Park.
      20723 Brinson Blvd, Bend, OR 97701
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    • Contact for pricing

      Warehouse Space Off Empire Avenue

      Large warehouse space available for rent off Empire Avenue.
      20551 Builders St, Bend, OR 97701
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    • Contact for pricing

      Industrial Space with Dock-High Loading

      Concrete tilt-up industrial space available for rent.
      18Th St, Bend, OR 97701
      View Details
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    62971 Plateau Dr
    Bend, OR 97701-5890
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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