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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Super regional malls
845 17th St Redmond, OR 97756-2575
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-1925672
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2006
Total area
3,536 SF
Lot
1.73 ac (75,359 SF)
APN
151316 CB 00700
UPID
US71-1925672
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
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Rak Properties LLC · 3 yrs held
Rak Properties LLC
since 2023
Last sale
$2.7M
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
$2,780,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.72M (May 23 2023)
Last sale anchor
$2.72M
May 23 2023
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
$773 / 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
$26,778
Tax year 2023
Assessed value
$1,349,230
Assessed 2023
Previous assessed
$1,271,790
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$1,228,340
Improvement market value
$1,421,800
Total market value
$2,650,140
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
4
Total area
3,536 SF
Lot
1.73 ac (75,359 SF)
APN
151316 CB 00700
UPID
US71-1925672
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
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Buildings
4
Lot
1.73 ac
Current owner
From public records · entity-resolved
Rak Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5684 NW SKYCREST PKWY, PORTLAND, OR 97229-2329
Ownership since
2023
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 23, 2023
$2,715,000
Rak Properties LLC
Jerry J Boddum
Warranty Deed
—
Mar 31, 2022
$2,500,000
Jerry J Boddum
David William Schalker
Warranty Deed
—
Apr 17, 2017
—
David W Schalker
—
Deed
related
—
Aug 29, 2016
—
David W Schalker
—
Trustees Deed
related
$1,090,000 · Selco Cmnty Cu
Apr 20, 2016
$1,650,000
David W Schalker
Carpenter Richard L Trust
Warranty Deed
$577,500 · Carpenter Richard L Tr (pt)
Apr 20, 2016
$1,050,000
Selco Cmnty Cu
Carpenter Richard L Trust
Warranty Deed
—
Jul 19, 2011
$2,325,000
Carpenter R L & J S Living Trust
Sterling Svgs Bk
Grant Deed
$1,627,500 · Bank Of The Cascades
Jul 30, 2010
—
Sterling Svgs Bk
Highland Marketplace LLC
Deed In Lieu Of Foreclosure
related
—
Aug 26, 2009
—
Highland Marketplace LLC
—
Trustees Deed
related
$4,700,679 · Intervest Mortgage Co LLC
Jan 3, 2006
—
Miller Gary J & June W Trust
Miller,gary J & June W
Quit Claim Deed
related
—
Jul 29, 2005
$800,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Nov 8, 2004
$1,500,000
Highland Marketplace LLC
K & S Madden LLC
Warranty Deed
$1,125,000 · Sterling Savings Bank
—
—
David W Schalker
—
Loan Modification
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.
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