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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Medical Office Space
695 York Dr, Bend, OR 97703-9702
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1395158
Property summary
AI-generated overview
This exceptional 1,178 square foot medical office suite is available for sublease until May 2025, with the possibility of a longer-term lease. Located at 695 NW York Dr, Bend, OR 97703, in the vibrant Northwest Crossing neighborhood, this first-floor space boasts abundant natural light and is situated within a Class B, two-story building constructed in 2020. The 7,744 square foot building features a total of 24 parking spaces, providing ample convenience for patients and staff. The property sits on 0.4 acres and is zoned ME (Mixed Employment), making it suitable for a variety of medical uses. Ideal for specialty medical practices, aesthetic medicine, or laboratory use, this location benefits from excellent foot traffic due to its proximity to Summit High School. The building is currently home to a concierge medical practice, a prosthodontics practice, and a financial services firm, ensuring a professional and established environment. This is a rare opportunity to secure a well-appointed space in a thriving Bend neighborhood.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
8,377 SF
Lot
0.4 ac (17,424 SF)
APN
171136 CA 00800
UPID
US71-1395158
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
-
Medix Infusion Medical Clinic
-
MyMD Personal Medicine Medical Clinic
-
Dr. Richard A. Mac Donell, MD Physician
-
Richard Allen Macdonell Physician
-
Medix Infusion - Bend West Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$3.14M
Owner & transaction history
Macpac2 LLC · 5 yrs held
Macpac2 LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+26.6%
Auto repair, garage
$3.2M
+19.8%
Apartment house (5+ units)
$3.2M
+19.6%
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
MEDICAL BUILDING
$2,675,000
Current use
RETAIL STORES
$3,385,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,200,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,195,000
Change: +20% · Conversion: Moderate
RESTAURANT
$3,105,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,920,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$2,610,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±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
$375 / 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
$24,100
Tax year 2023
Assessed value
$1,507,490
Assessed 2023
Previous assessed
$409,550
+268.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$641,220
Improvement market value
$2,281,270
Total market value
$2,922,490
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Total area
8,377 SF
Lot
0.4 ac (17,424 SF)
APN
171136 CA 00800
UPID
US71-1395158
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
MEDICAL BUILDING Current
Est. value
$2.7M
RETAIL STORES
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
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
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
2020
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Macpac2 LLC
Entity
Mailing address
695 NW YORK DRSTE100, BEND, OR 97703-9702
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
Jun 9, 2021
—
Macpac2 LLC
Lot 10 York Drive Investment LLC
Warranty Deed
—
May 1, 2020
$435,000
10 York Drive Investmetns LLC
Bonds Getaway LLC
Warranty Deed
$261,000 · First Interstate Bank
Jul 12, 2017
—
Bonds Getaway LLC
Easly,sean M
Warranty Deed
—
Sep 26, 2005
$243,000
Sean Easly
Easly,marilyn
Grant Deed
—
—
—
Sean M Easly
—
Deed Of Trust
related
$300,000 · Easly Marilyn Trust (tr)
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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