Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Office buildings
735 9th St Redmond, OR 97756-2726
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-0131077
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Total area
2,824 SF
Lot
0.23 ac (10,019 SF)
APN
151316 AC 08100
UPID
US71-0131077
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$805k
Owner & transaction history
Bahr-merrill Investments LLC · 7 yrs held
Bahr-merrill Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+39.8%
Commercial (general)
$1.1M
+36.9%
Retail stores
$920,000
+19.5%
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
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
$770,000
Current use
AUTO REPAIR, GARAGE
$1,080,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,055,000
Change: +37% · Conversion: Easy
RETAIL STORES
$920,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$900,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$285 / 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
$6,589
Tax year 2023
Assessed value
$332,010
Assessed 2023
Previous assessed
$312,960
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$357,630
Improvement market value
$507,160
Total market value
$864,790
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,824 SF
Lot
0.23 ac (10,019 SF)
APN
151316 AC 08100
UPID
US71-0131077
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
$770,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$920,000
MEDICAL BUILDING
Est. value
$900,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1924
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Bahr-merrill Investments LLC
Entity
Mailing address
277 SE SOFT TAIL DR, BEND, OR 97702-9342
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2019
$695,000
Bahr-merrill Investments LLC
Brant Tower LLC
Warranty Deed
—
Jan 5, 2017
$400,000
Brant Tower LLC
Scissorbill Properties LLC
Warranty Deed
$320,000 · Jpmorgan Chase Bank NA
Sep 9, 2011
$255,000
Scissorbill Properties LLC
Bank Of The Cascades
Grant Deed
$270,000 · Henry F & Thea R Boschma
May 10, 2011
—
Bank Of The Cascades
1st Rate Mortgage INC
Deed In Lieu Of Foreclosure
related
—
Jan 21, 2010
—
1st Rate Mortgage INC
—
Trustees Deed
related
—
May 13, 2009
—
1st Rate Mortgage INC
—
Trustees Deed
related
$25,000 · Bank Of The Cascades
Jan 26, 2009
—
1st Rate Mortgage INC
—
Trustees Deed
related
$25,000 · Bank Of The Cascades
—
—
1st Rate Mortgage INC
—
Deed Of Trust
related
$304,749 · Bank Of The Cascades
—
—
1st Rate Mortgage INC
—
Deed Of Trust
related
$144,785 · Bank Of The Cascades
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?”
You own 735 9th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
