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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Office buildings
650 Bond St, Bend, OR 97702-1583
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0768144
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
20,844 SF
Lot
1.6 ac (69,696 SF)
APN
181205 DB 06400
UPID
US71-0768144
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
-
Ladd Group Real Estate at Cascade Sotheby's Realty Bend Real Estate Agency
-
HEATHER JORDAN Real Estate Agency
-
Wells Fargo Advisors Financial Advisor
-
Nicolette Rice - Realtor Real Estate Agency
-
Bend Real Estate Now Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$5.04M
Owner & transaction history
New 500 Bond LLC · 18 yrs held
New 500 Bond LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+20.9%
Apartment house (5+ units)
$8.0M
+20.7%
Restaurant
$7.7M
+17.2%
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
OFFICE BUILDING
$6,590,000
Current use
AUTO REPAIR, GARAGE
$7,965,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,955,000
Change: +21% · Conversion: Easy
RESTAURANT
$7,720,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,255,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$6,650,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±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
$242 / 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
$41,214
Tax year 2023
Assessed value
$2,578,010
Assessed 2023
Previous assessed
$2,430,030
+6.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$5,089,600
Improvement market value
$4,220,720
Total market value
$9,310,320
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Total area
20,844 SF
Lot
1.6 ac (69,696 SF)
APN
181205 DB 06400
UPID
US71-0768144
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
OFFICE BUILDING Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
RESTAURANT
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
2007
Heating
NONE
Lot
1.6 ac
Current owner
From public records · entity-resolved
New 500 Bond LLC
Entity
Free & Clear · 18 yrs held
Mailing address
600 SW COLUMBIA ST STE 6100A, BEND, OR 97702-1099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2017
—
Millview Properties LLC
—
Grant Deed
related
$5,400,000 · Bank Of America
Oct 8, 2008
—
New 500 Bond LLC
—
Trustees Deed
related
$3,719,486 · Premierwest Bank
Aug 31, 2007
$3,184,569
New 500 Bond LLC
Oswego Village LLC
Warranty Deed
—
Aug 1, 2006
—
Millview Properties LLC
Millview Properties LLC
Quit Claim Deed
related
$3,719,486 · Premierwest Bank
Aug 1, 2006
$4,959,315
500 Bond LLC
Millview Properties LLC
Warranty Deed
—
Jan 11, 2006
—
Millview Properties LLC
Ward,michael G & Marilyn
Warranty Deed
—
Feb 22, 2005
—
Michael G Ward
Warwick Investments LLC
Grant Deed
$1,500,000 · South Valley Bank & Trust
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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