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Property profile & analytics
OFF-MARKET
Estimated value
$33,205,000
Distribution centers
63455 Hwy 97th Ste 10, Bend, OR 97703-5724
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1023875
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
103,168 SF
Lot
32.76 ac (1,427,026 SF)
APN
171216 C0 00300
UPID
US71-1023875
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
$33.20M
Blend (final)
Blend
$33.21M
Owner & transaction history
State Of Oregon · 1 yrs held
State Of Oregon
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$41.7M
+71.6%
Auto repair, garage
$39.4M
+62.3%
Apartment house (5+ units)
$39.4M
+62.1%
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
$24,290,000
Current use
RETAIL STORES
$41,670,000
Change: +72% · Conversion: Moderate
AUTO REPAIR, GARAGE
$39,435,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$39,365,000
Change: +62% · Conversion: Difficult
RESTAURANT
$38,225,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$35,950,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$32,925,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$32,175,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$33.21M
Range $29.88M – $36.53M · ±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
$322 / 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
$728,282
Tax year 2023
Assessed value
$45,555,190
Assessed 2023
Previous assessed
$45,555,190
+0.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$21,720,720
Improvement market value
$41,692,800
Total market value
$63,413,520
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
14
Total area
103,168 SF
Lot
32.76 ac (1,427,026 SF)
APN
171216 C0 00300
UPID
US71-1023875
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
$24.3M
RETAIL STORES
Est. value
$41.7M
AUTO REPAIR, GARAGE
Est. value
$39.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.4M
RESTAURANT
Est. value
$38.2M
COMMERCIAL (GENERAL)
Est. value
$36.0M
MEDICAL BUILDING
Est. value
$32.9M
OFFICE BUILDING
Est. value
$32.2M
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
1979
Heating
NONE
Buildings
14
Lot
32.76 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Free & Clear · 1 yrs held
Mailing address
4040 FAIRVIEW INDUSTRIAL DR SEMS2, SALEM, OR 97302-1142
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
—
State Of Oregon
Dania Incorporated
Quit Claim Deed
related
—
May 31, 2007
—
Cvsc LLC
Sima Cascade Village LLC
Grant Deed
$50,000,000 · Bank Of America
May 13, 2004
—
Sima Mountain View LLC
1219 Exchange LLC
Warranty Deed
related
—
Feb 7, 2003
$2,396,267
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Cvsc LLC
—
Deed Of Trust
related
$50,000,000 · Other Institutional Lenders
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.
Try Rey
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