New search
Property profile & analytics
FOR SALE
Retail space
798 NW 5Th St Redmond, OR 97756
Individually Owned
Absentee Owner
Free & Clear
Property ID
US71-0550803
For Sale
1 / 11
$3,500,000
798 NW 5Th St, Redmond, OR 97756
View Listing →
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1963
Total area
10,736 SF
Lot
1.05 ac (45,738 SF)
APN
151309 DA 00202
UPID
US71-0550803
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
$2.86M
Blend (final)
Blend
$2.86M
Owner & transaction history
Mary E Seip
Mary E Seip
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+17.0%
Apartment house (5+ units)
$4.1M
+16.8%
Commercial (general)
$4.0M
+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
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
RETAIL STORES
$3,505,000
Current use
AUTO REPAIR, GARAGE
$4,105,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,095,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,020,000
Change: +15% · Conversion: Easy
RESTAURANT
$3,980,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$3,425,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,935,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±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
$266 / 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
$14,760
Tax year 2023
Assessed value
$743,710
Assessed 2023
Previous assessed
$701,020
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$730,480
Improvement market value
$1,719,580
Total market value
$2,450,060
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
For Sale
Year built
1963
Heating
NONE
Buildings
3
Total area
10,736 SF
Lot
1.05 ac (45,738 SF)
APN
151309 DA 00202
UPID
US71-0550803
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
RETAIL STORES Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RESTAURANT
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.9M
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
1963
Heating
NONE
Buildings
3
Lot
1.05 ac
Current owner
From public records · entity-resolved
Mary E Seip
Individual
Free & Clear · 0 yrs held
Mailing address
9330 NE CROOKED RIV DR, TERREBONNE, OR 97760-9111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 12, 2025
—
Mary E Seip
Ruth E Greiner
Deed
—
Aug 23, 2019
—
Downs Families LLC
Downs Families LLC
Quit Claim Deed
related
—
Aug 22, 2019
$41,370
Downs Families LLC
Redmond Urban Renewal Agency
Grant Deed
—
Aug 31, 2017
—
Downs Families LLC
Downs Trust
Quit Claim Deed
related
—
Aug 30, 2013
—
Downs Trust
Downs,robert L & Carol A
Quit Claim Deed
related
—
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?”
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.
