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Property profile & analytics
FOR LEASE
Retail space
64670 Strickler Ave Bend, OR 97703
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0759958
For Lease
1 / 2
$2,270,000
64670 Strickler Ave, Bend, OR 97703
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2000
Total area
8,435 SF
Lot
1.06 ac (46,174 SF)
APN
161231 A0 03701
UPID
US71-0759958
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
-
Dan Peterson: Allstate Insurance Insurance Agency
-
J Daniels Construction LLC Hardware & Home Improvement Interior Design
-
Built LLC Construction Company General Contractor
-
Bernie 2016 - Bend Field Office Advocacy Group Volunteer Organization
-
Cycle HIIT Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.13M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.27M
Owner & transaction history
Kelly Jones · 4 yrs held
Kelly Jones
since 2021
Last sale
$1.7M
5 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
$1,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,385,000
6.5%
$3,125,000
7%
$2,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,405,000
Current use
AUTO REPAIR, GARAGE
$3,225,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,220,000
Change: -6% · Conversion: Difficult
RESTAURANT
$3,125,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,940,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $1.68M (Oct 29 2021)
Last sale anchor
$1.68M
Oct 29 2021
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
$269 / 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
$12,502
Tax year 2023
Assessed value
$831,120
Assessed 2023
Previous assessed
$783,420
+6.1% YoY
Effective rate
1.50%
On assessed value
Land market value
$756,490
Improvement market value
$1,676,260
Total market value
$2,432,750
Applied tax rate
2,025.0000
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
For Lease
Year built
2000
Heating
NONE
Buildings
2
Total area
8,435 SF
Lot
1.06 ac (46,174 SF)
APN
161231 A0 03701
UPID
US71-0759958
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
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
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
2000
Heating
NONE
Buildings
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Kelly Jones
Individual
Mailing address
21260 LIMESTONE AVE, BEND, OR 97703-8961
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$1,680,000
Kelly Jones
Ercn Properties LLC
Warranty Deed
—
Jul 12, 2019
$1,300,000
Ercn Properties LLC
Central Oregon Prop Invs LLC
Warranty Deed
$800,000 · Central Or Prop Invs LLC
Dec 5, 2005
—
Central Oregon Prop Invs LLC
Jackson Mini Storage Realty Ll
Grant Deed
—
Sep 30, 2004
—
Jackson Mini Storage Realty Ll
Batha,vincent G & Marta E
Warranty Deed
related
—
—
—
Jackson Mini Storage Realty Ll
—
Deed Of Trust
related
$2,829,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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