New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Retail space
7535 Falcon Crst Dr Redmond, OR 97756-5008
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0059298
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2004
Total area
10,242 SF
Lot
0.39 ac (16,988 SF)
Zoning code
R
APN
151214 CD 01500
UPID
US71-0059298
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
$3.80M
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$3.16M
Owner & transaction history
Laurel River LLC · 4 yrs held
Laurel River LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R · Redmond, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+17.0%
Apartment house (5+ units)
$3.9M
+16.8%
Commercial (general)
$3.8M
+14.6%
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 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
$2,845,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,110,000
6.5%
$3,795,000
7%
$3,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,345,000
Current use
AUTO REPAIR, GARAGE
$3,915,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,910,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,835,000
Change: +15% · Conversion: Easy
RESTAURANT
$3,795,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$3,270,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,800,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.16M
Range $2.84M – $3.47M · ±10% · vs last sale $2.67M (Jun 24 2022)
Last sale anchor
$2.67M
Jun 24 2022
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
$308 / 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
$13,298
Tax year 2023
Assessed value
$928,420
Assessed 2023
Previous assessed
$875,130
+6.1% YoY
Effective rate
1.43%
On assessed value
Land market value
$220,410
Improvement market value
$1,482,250
Total market value
$1,702,660
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
2004
Heating
NONE
Total area
10,242 SF
Lot
0.39 ac (16,988 SF)
Zoning code
R
APN
151214 CD 01500
UPID
US71-0059298
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
RETAIL STORES Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RESTAURANT
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2004
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Laurel River LLC
Entity
Mailing address
8910 SE FULLER RD, PORTLAND, OR 97086-3610
Ownership since
2022
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
Jun 24, 2022
$2,668,000
Laurel River LLC
Denardis Properties LLC
Warranty Deed
$1,334,000 · Heritage Southeast Bank
Dec 30, 2016
—
Denardis Properties LLC
Denardis Props Pd-falcon L
Quit Claim Deed
related
$850,000 · Columbia St Bk
Oct 2, 2007
—
Redmond Properties LLC
Denardis Props Pd-falcon L
Grant Deed
$260,000 · W & H Pacific INC
Aug 13, 2007
—
Redmond Properties LLC
—
Trustees Deed
related
$260,000 · W & H Pacific INC
Jan 19, 2007
—
Redmond Properties LLC
Redmond Properties LLC
Quit Claim Deed
related
—
Jan 19, 2007
$2,850,000
Denardis Props Pd -falcon LLC
Redmond Properties LLC
Warranty Deed
$1,600,000 · First Mutual Bank
—
—
Redmond Properties LLC
—
Deed Of Trust
related
$1,400,000 · South Valley Bank & Trust
—
—
Denardis Properties LLC
—
Deed Of Trust
related
$850,000 · Columbia St Bk
—
—
Redmond Properties LLC
—
Deed Of Trust
related
$150,000 · Homestreet 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.
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 7535 Falcon Crst Dr?
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.
