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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Car washes
650 Jackpine Ave Redmond, OR 97756
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-0970965
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2007
Total area
2,500 SF
Lot
0.5 ac (21,780 SF)
APN
151309 AC 03100
UPID
US71-0970965
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
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Ed Ramsey · 2 yrs held
Ed Ramsey
since 2024
Last sale
$790,000
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 Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond 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
$790,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$955,000
Current use
COMMERCIAL (GENERAL)
$935,000
Change: -2% · Conversion: Moderate
RETAIL STORES
$815,000
Change: -15% · Conversion: Difficult
MEDICAL BUILDING
$800,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $790k (Jan 25 2024)
Last sale anchor
$790k
Jan 25 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
$316 / 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
$11,253
Tax year 2023
Assessed value
$566,990
Assessed 2023
Previous assessed
$566,990
+0.0% YoY
Effective rate
1.98%
On assessed value
Land market value
$247,290
Improvement market value
$1,156,710
Total market value
$1,404,000
Applied tax rate
2,039.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
3
Total area
2,500 SF
Lot
0.5 ac (21,780 SF)
APN
151309 AC 03100
UPID
US71-0970965
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
AUTO REPAIR, GARAGE Current
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$935,000
RETAIL STORES
Est. value
$815,000
MEDICAL BUILDING
Est. value
$800,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
Buildings
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
Ed Ramsey
Individual
Free & Clear · 2 yrs held
Mailing address
65385 CLINE FLS RD, BEND, OR 97703-8166
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
$790,000
Ed Ramsey
David R Clark
Warranty Deed
—
Nov 29, 2023
—
Bb Holdings Or LLC
Nanpa Holdings LLC
Lease
—
Sep 2, 2021
—
Grandkids LLC
Nanpa Holdings LLC
Lease
$476,000 · Evergreen Business Capital
Jun 11, 2021
$1,500,000
Nanpa Holdings LLC
Choice Car Wash LLC
Warranty Deed
$667,100 · First Interstate Bank
Jun 1, 2020
$550,000
Choice Car Wash LLC
Ls Inv Prop LLC
Grant Deed
—
Dec 31, 2019
—
Ls Inv Prop LLC
Tomseth 2001 Family Tru
Warranty Deed
—
Dec 29, 2011
—
Tuftin Leslie 2011 Trust
Schwab Dorothy Living Trust
Warranty Deed
—
Oct 6, 2006
—
Schwab Dorothy J Living Trust
Schwab,leslie B & Dorothy J
Quit Claim 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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