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Property profile & analytics
OFF-MARKET
Estimated value
$3,620,000
Office buildings
7555 Falcon Crst Dr Redmond, OR 97756-5022
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1861556
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
15,872 SF
Lot
2.02 ac (87,991 SF)
APN
151214 CD 01700
UPID
US71-1861556
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
$3.62M
Blend (final)
Blend
$3.62M
Owner & transaction history
Mlb Holdings LLC · 7 yrs held
Mlb Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+36.9%
Restaurant
$5.9M
+35.6%
Retail stores
$5.2M
+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
$4,340,000
Current use
COMMERCIAL (GENERAL)
$5,940,000
Change: +37% · Conversion: Easy
RESTAURANT
$5,880,000
Change: +36% · Conversion: Moderate
RETAIL STORES
$5,185,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$5,065,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$3.62M
Range $3.26M – $3.98M · ±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
$228 / 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
$21,349
Tax year 2023
Assessed value
$1,490,470
Assessed 2023
Previous assessed
$930,190
+60.2% YoY
Effective rate
1.43%
On assessed value
Land market value
$528,000
Improvement market value
$2,135,950
Total market value
$2,663,950
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
2003
Heating
NONE
Total area
15,872 SF
Lot
2.02 ac (87,991 SF)
APN
151214 CD 01700
UPID
US71-1861556
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
$4.3M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RESTAURANT
Est. value
$5.9M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING Current
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
2003
Heating
NONE
Lot
2.02 ac
Current owner
From public records · entity-resolved
Mlb Holdings LLC
Entity
Mailing address
1270 NW TRENTON AVE, BEND, OR 97703-1027
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
$250,000
Mlb Holdings LLC
Bh Eagle Crest Tower LLC
Warranty Deed
$130,000 · Howard & Judi Bonnett
Oct 5, 2018
$870,000
Bh Eagle Crest Tower LLC
Carolyn Christine Koon
Warranty Deed
$250,000 · Heritage Bank
Nov 22, 2013
—
Eagle Crest Ptrs Ltd
Basl,arthur & Billie
Quit Claim Deed
related
—
Oct 2, 2007
—
Redmond Properties LLC
Denardis Props Pd-falcon L
Grant Deed
$260,000 · W & H Pacific INC
Apr 27, 2004
—
Koon Carolyn C Trust
Koon Carolyn C Trust
Quit Claim Deed
related
$1,340,000 · Us Bank NA
Mar 2, 2004
—
Koon Carolyn C Trust
Eagle Crest INC
Warranty Deed
$1,335,000 · Eagle Crest INC
—
—
Carolyn C Separate P Koon
—
Deed Of Trust
related
$1,350,000 · First Republic 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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