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Property profile & analytics
OFF-MARKET
Estimated value
$3,095,000
Retail space
63700 Clausen Rd Bend, OR 97701-1588
Entity Owned
2-yr Hold
Free & Clear
Property ID
US71-0715416
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2004
Total area
10,935 SF
Lot
0.69 ac (30,056 SF)
APN
171209 D0 00408
UPID
US71-0715416
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
Current use
Occupant on record · Public records
-
ProActive Physical Therapy Specialists Medical Clinic
-
Globe Lighting (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$3.10M
Owner & transaction history
Department Of Transportation · 2 yrs held
Department Of Transportation
since 2024
Last sale
$5,200
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RETAIL STORES
$4,415,000
Current use
AUTO REPAIR, GARAGE
$4,180,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,175,000
Change: -6% · Conversion: Difficult
RESTAURANT
$4,050,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,805,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.10M
Range $2.79M – $3.40M · ±10% · vs last sale $5k (Mar 15 2024)
Last sale anchor
$5k
Mar 15 2024
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
$283 / 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
$15,612
Tax year 2023
Assessed value
$976,570
Assessed 2023
Previous assessed
$976,570
+0.0% YoY
Effective rate
1.60%
On assessed value
Land market value
$666,070
Improvement market value
$1,014,000
Total market value
$1,680,070
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
2004
Heating
NONE
Total area
10,935 SF
Lot
0.69 ac (30,056 SF)
APN
171209 D0 00408
UPID
US71-0715416
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
RETAIL STORES Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
RESTAURANT
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 2 yrs held
Mailing address
4040 FAIRVIEW INDUSTRIAL DR SE, SALEM, OR 97302-1142
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$5,200
Department Of Transportation
Tualatin Lake Oswego LLC
Warranty Deed
—
Jun 28, 2012
$850,000
Tualatin-lake Oswego LLC
Intervest Mtg Inv Co
Grant Deed
—
Apr 30, 2012
—
Intervest Mtg Inv Co
Miller,gary J & June W
Warranty Deed
—
Oct 14, 2011
$850,000
Gary J Miller
West Coast Bk
Grant Deed
—
Oct 12, 2011
$948,673
West Coast Bk
Paetsch,erich M
Trustees Deed
related
—
May 6, 2011
—
West Coast Bk
Stc LLC
Deed In Lieu Of Foreclosure
—
Apr 2, 2004
$143,325
Stc LLC
Summers,matthew J & Kimberly K
Grant Deed
—
Apr 2, 2004
$315,000
Stc LLC
Bruckner Allan D Trust
Grant Deed
$800,000 · West Coast Bank
Oct 24, 2003
—
Bruckner,allan D Trust
Bruckner,allan D
Quit Claim Deed
related
—
—
—
Tualatin-lake Oswego LLC
—
Deed Of Trust
related
$638,000 · Sterling Bank
—
—
Stc LLC
—
Deed Of Trust
related
$185,500 · South Valley Bank & Trust
—
—
Stc LLC
—
Deed Of Trust
related
$1,007,000 · West Coast Bank
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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