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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Office buildings
7515 Falcon Crst Dr Redmond, OR 97756-5014
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0757086
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
7,086 SF
Lot
0.26 ac (11,326 SF)
Zoning code
R
APN
151214 CD 01400
UPID
US71-0757086
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
$1.67M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.66M
Owner & transaction history
Brightways Coumseling Group LLC · 4 yrs held
Brightways Coumseling Group LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
R · Redmond, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+39.8%
Apartment house (5+ units)
$2.7M
+39.6%
Commercial (general)
$2.7M
+36.9%
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
$1,615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,810,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,935,000
Current use
AUTO REPAIR, GARAGE
$2,710,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,705,000
Change: +40% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,650,000
Change: +37% · Conversion: Easy
RESTAURANT
$2,625,000
Change: +36% · Conversion: Moderate
RETAIL STORES
$2,315,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,260,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10% · vs last sale $1.35M (May 28 2021)
Last sale anchor
$1.35M
May 28 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
$234 / 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
$11,693
Tax year 2023
Assessed value
$816,330
Assessed 2023
Previous assessed
$769,480
+6.1% YoY
Effective rate
1.43%
On assessed value
Land market value
$148,460
Improvement market value
$1,200,700
Total market value
$1,349,160
Applied tax rate
2,003.0000
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
7,086 SF
Lot
0.26 ac (11,326 SF)
Zoning code
R
APN
151214 CD 01400
UPID
US71-0757086
Jurisdiction
DESCHUTES
Zoning & alternative use
R · Redmond, OR
Zoning R · permitted uses
R · Redmond, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
Lot
0.26 ac
Current owner
From public records · entity-resolved
Brightways Coumseling Group LLC
Entity
Mailing address
20085 PACIFIC HTS RD, BEND, OR 97703-8803
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
Brightways Coumseling Group LLC
Gctx LLC
Lease
$559,000 · Northwest Business Development Asso
May 28, 2021
$1,350,000
Gctx LLC
Mcmullen & Son Rental Proertya Ca G
Warranty Deed
$686,650 · Summit Bank
May 16, 2019
$1,100,000
Mcmullen & Son Rental Property
Central Christian School
Warranty Deed
$117,000 · Central Christian School
Dec 1, 2017
$1,100,000
Central Christian School
Rarnett LLC
Grant Deed
—
Apr 7, 2014
$375,000
Rarnett LLC
Sheriff Of Deschutes County
Trustees Deed
related
—
Nov 25, 2013
$375,000
Cre 2011 Reo Or-office LLC
Sheriff Of Deschutes County
Trustees Deed
related
—
Jan 31, 2011
—
Brady Robert W Living Trust
Brady Investment Group I
Quit Claim Deed
related
—
Apr 6, 2010
—
Brady Investment Group I
Brady Robert W Living Trust
Quit Claim Deed
related
—
Apr 11, 2008
—
Brady Robert W Living Trust
Brady Robert W Living Trust
Quit Claim Deed
related
$1,150,000 · Liberty Bank
Mar 31, 2008
$2,050,000
Brady Robert W Living Trust
Redmond Properties LLC
Warranty Deed
—
Jun 29, 2007
—
C Corp
Redmond Properties LLC
Grant Deed
$1,218,247 · Liberty 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.
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