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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Industrial properties
810 Hemlock Ave, Redmond, OR 97756-1689
Entity Owned
Free & Clear
Property ID
US71-0883941
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Total area
19,656 SF
Lot
1 ac (43,560 SF)
APN
151310 CA 00100
UPID
US71-0883941
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
$2.38M
Blend (final)
Blend
$2.51M
Owner & transaction history
Mp Hemlock Owner LLC
Mp Hemlock Owner LLC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$3,045,000
Current use
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10% · vs last sale $2.64M (Aug 5 2025)
Last sale anchor
$2.64M
Aug 5 2025
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
$128 / 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
$14,086
Tax year 2023
Assessed value
$709,720
Assessed 2023
Previous assessed
$668,990
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$256,040
Improvement market value
$1,284,520
Total market value
$1,540,560
Applied tax rate
2,001.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Heating
NONE
Total area
19,656 SF
Lot
1 ac (43,560 SF)
APN
151310 CA 00100
UPID
US71-0883941
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
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
2006
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Mp Hemlock Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1287, LA PINE, OR 97739-1287
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
—
Mp Hemlock Owner LLC
—
Deed
related
$1,900,000 · Symetra Life Insurance Company
Nov 5, 2025
$2,635,000
Mp Hemlock Owner LLC
Wickiup LLC
Warranty Deed
—
May 27, 2016
$1,000,000
Wickiup LLC
Girod Family Investments LLC
Warranty Deed
—
May 27, 2016
—
Girod Family Investments LLC
Quail Investments Two LLC
Grant Deed
—
Dec 23, 2015
—
Girod Family Investments LLC
Quail Investments Two LLC
Grant Deed
—
Jan 29, 2010
$547,000
Quail Investments Two LLC
D & P Franke LLC
Warranty Deed
—
Dec 30, 2008
—
D & P Franke LLC
—
Trustees Deed
related
$25,000 · Community First Bank
Jun 1, 2006
—
D & P Franke LLC
Wilson Jimmy D Trust
Warranty Deed
$890,000 · Community First Bank
Nov 3, 2005
$89,058
Steven C Scott
Wilson Jimmy D Trust
Warranty Deed
—
Sep 20, 2005
$177,760
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
May 24, 2005
$520,978
Michael A Deswert
Alves,maynard
Warranty Deed
$260,000 · Wells Fargo Bank
Jul 31, 2002
$245,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
D & P Franke LLC
—
Deed Of Trust
related
$1,090,000 · Community First 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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