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Property profile & analytics
OFF-MARKET
Estimated value
$4,525,000
Warehouses
63048 Lowr Mdw Dr Bend, OR 97701-5818
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-1049529
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
15,000 SF
Lot
3.95 ac (172,062 SF)
APN
171221 AD 02400
UPID
US71-1049529
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
$4.52M
Blend (final)
Blend
$4.53M
Owner & transaction history
North Empire Storage Ctr LLC · 5 yrs held
North Empire Storage Ctr LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.1M
+96.3%
Auto repair, garage
$5.7M
+85.8%
Apartment house (5+ units)
$5.7M
+85.5%
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
WAREHOUSE, STORAGE
$3,085,000
Current use
RETAIL STORES
$6,060,000
Change: +96% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,735,000
Change: +86% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,725,000
Change: +85% · Conversion: Difficult
RESTAURANT
$5,555,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,220,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$4,785,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$4,745,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.07M – $4.98M · ±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
$302 / 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
$32,457
Tax year 2023
Assessed value
$2,030,210
Assessed 2023
Previous assessed
$1,913,670
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$2,415,630
Improvement market value
$2,132,840
Total market value
$4,548,470
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
2
Total area
15,000 SF
Lot
3.95 ac (172,062 SF)
APN
171221 AD 02400
UPID
US71-1049529
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
WAREHOUSE, STORAGE Current
Est. value
$3.1M
RETAIL STORES
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RESTAURANT
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2006
Heating
NONE
Buildings
2
Lot
3.95 ac
Current owner
From public records · entity-resolved
North Empire Storage Ctr LLC
Entity
Free & Clear · 5 yrs held
Mailing address
63020 LOWR MDW DR #200, BEND, OR 97701-3787
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2021
—
North Empire Storage Ctr LLC
North Empire Storage Ctr LLC
Quit Claim Deed
—
Jan 30, 2017
—
North Empire Storage Center Ll
—
Grant Deed
related
$7,000,000 · Bank Of The Cascades
Jan 9, 2007
—
North Empire Storage Center Ll
Freund Of Spencer Inv Group LLC
Warranty Deed
related
—
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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