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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Industrial properties
63040 Lowr Mdw Dr, Bend, OR 97701-7385
Entity Owned
2-yr Hold
Free & Clear
Property ID
US71-0375704
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2015
Total area
14,436 SF
Lot
1 ac (43,560 SF)
APN
171221 AD 00300
UPID
US71-0375704
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
$3.22M
Blend (final)
Blend
$3.22M
Owner & transaction history
63040 Lower Meadow Dr LLC · 2 yrs held
63040 Lower Meadow Dr LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+67.9%
Commercial (general)
$5.0M
+57.8%
Medical building
$4.6M
+44.6%
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
INDUSTRIAL (GENERAL)
$3,185,000
Current use
RESTAURANT
$5,350,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,025,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$4,605,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$4,570,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$3.22M
Range $2.90M – $3.54M · ±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
$223 / 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
$21,278
Tax year 2023
Assessed value
$1,330,980
Assessed 2023
Previous assessed
$1,330,980
+0.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$635,230
Improvement market value
$2,479,650
Total market value
$3,114,880
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2015
Heating
NONE
Total area
14,436 SF
Lot
1 ac (43,560 SF)
APN
171221 AD 00300
UPID
US71-0375704
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
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
2015
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
63040 Lower Meadow Dr LLC
Entity
Free & Clear · 2 yrs held
Mailing address
63040 LOWR MDW DR STE #100, BEND, OR 97701-7386
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
63040 Lower Meadow Dr LLC
Proxima Ventures LLC
Bargain And Sale Deed
—
Mar 18, 2021
—
Proxima Ventures LLC
Trail Runner II LLC
Warranty Deed
—
Jun 12, 2018
—
Trail Runner II LLC
Trail Runner LLC
Quit Claim Deed
—
Jun 8, 2017
$2,105,685
Trail Runner LLC
Three Sisters Holdings LLC
Warranty Deed
—
Jan 28, 2016
—
Three Sisters Holdings LLC
Spencer Living Trust
Warranty Deed
—
Feb 20, 2015
$261,360
Spencer Living Trust
Abbott Richard R & Sheryl
Warranty Deed
$130,680 · Richard R & Sheryl Abbott
Mar 8, 2012
$139,900
Richard R Abbott
Home Fedl Bk
Grant Deed
—
Jan 11, 2011
—
Larry Havniear
—
Trustees Deed
related
$32,277 · Homefed Bank
Jun 27, 2008
—
Larry D Havniear
—
Trustees Deed
related
$200,000 · Liberty Bank
Sep 27, 2007
—
Larry Havniear
Pcn Investments LLC
Quit Claim Deed
related
—
Jun 28, 2004
—
Pcn Investments LLC
Nippert,patricia A
Grant Deed
related
—
—
—
Larry Havniear
—
Deed Of Trust
related
—
—
—
Spencer Living Trust
—
Deed Of Trust
related
$1,162,635 · 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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