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Property profile & analytics
OFF-MARKET
Estimated value
$2,880,000
Office buildings
63011 Hwy 97 Bend, OR 97703-6751
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-0517809
Property summary
AI-generated overview
This exceptional 7,000-square-foot retail property, located at 63011 N Highway 97 in Bend, Oregon (zip code 97703), presents a unique opportunity for businesses seeking high-traffic exposure. The entire space is currently vacant, offering a blank canvas for a new tenant to customize to their specific needs. The property is zoned Commercial General (CG), allowing for a wide range of retail uses. The building's total square footage is 7,000 square feet, all of which is available for lease. This prime location offers excellent visibility and accessibility from Highway 97, ensuring significant foot and vehicle traffic. The property is situated at latitude 44.0880594 and longitude -121.3067091. This is a multi-tenant building, although currently, the entire space is available for lease. The property is ideal for a single large tenant or could be subdivided to accommodate multiple smaller businesses, depending on the tenant's requirements and lease agreement. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a substantial retail space in a thriving Bend, Oregon location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
10,500 SF
Lot
0.87 ac (37,897 SF)
APN
171220 A0 00600
UPID
US71-0517809
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.88M
Owner & transaction history
KQUAD LLC
KQUAD LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+29.5%
Auto repair, garage
$4.0M
+22.6%
Apartment house (5+ units)
$4.0M
+22.4%
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
OFFICE BUILDING
$3,275,000
Current use
RETAIL STORES
$4,240,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,015,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,005,000
Change: +22% · Conversion: Easy
RESTAURANT
$3,890,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,660,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$3,350,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.88M
Range $2.59M – $3.17M · ±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
$274 / 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
$25,214
Tax year 2023
Assessed value
$1,577,185
Assessed 2023
Previous assessed
$1,541,480
+2.3% YoY
Effective rate
1.60%
On assessed value
Land market value
$1,354,400
Improvement market value
$713,440
Total market value
$2,067,840
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
NONE
Total area
10,500 SF
Lot
0.87 ac (37,897 SF)
APN
171220 A0 00600
UPID
US71-0517809
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
OFFICE BUILDING Current
Est. value
$3.3M
RETAIL STORES
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
Lot
0.87 ac
Current owner
From public records · entity-resolved
KQUAD LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3400 MAIN ST, SPRINGFIELD, OR 97478-5814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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