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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Warehouses
875 Kingwood Ave Redmond, OR 97756-8272
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0443607
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
25,115 SF
Lot
4.53 ac (197,327 SF)
APN
151310 B0 00105
UPID
US71-0443607
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
$5.75M
Blend (final)
Blend
$5.75M
Owner & transaction history
Tumbleweed Estates LLC · 6 yrs held
Tumbleweed Estates LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+109.5%
Restaurant
$9.3M
+107.4%
Retail stores
$8.2M
+82.9%
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
WAREHOUSE, STORAGE
$4,485,000
Current use
COMMERCIAL (GENERAL)
$9,400,000
Change: +110% · Conversion: Difficult
RESTAURANT
$9,305,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$8,205,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$8,015,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$6,865,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±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
$229 / 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
$46,515
Tax year 2023
Assessed value
$2,343,740
Assessed 2023
Previous assessed
$1,546,460
+51.6% YoY
Effective rate
1.98%
On assessed value
Land market value
$1,381,300
Improvement market value
$5,090,550
Total market value
$6,471,850
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Total area
25,115 SF
Lot
4.53 ac (197,327 SF)
APN
151310 B0 00105
UPID
US71-0443607
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
WAREHOUSE, STORAGE Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$9.4M
RESTAURANT
Est. value
$9.3M
RETAIL STORES
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$8.0M
OFFICE BUILDING
Est. value
$6.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2007
Heating
NONE
Buildings
2
Lot
4.53 ac
Current owner
From public records · entity-resolved
Tumbleweed Estates LLC
Entity
Mailing address
875 NE KINGWOOD AVE, REDMOND, OR 97756-8272
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 12, 2020
$985,000
Tumbleweed Estates LLC
High Desert Redmond LLC
Warranty Deed
$600,000 · Columbia St Bk
Sep 3, 2019
—
Underwood Estates LLC Axts INC
—
Deed
related
$47,500 · Redmond Urban Renewal Agency
Jan 3, 2019
$3,800,000
Underwood Estates LLC
Redmond Premium Proeprties LLC
Warranty Deed
$2,800,000 · Columbia State Bank
Jan 31, 2018
—
Redmond Premium Properties LLC
—
Deed
related
$2,000,000 · Keybank USA
Jun 27, 2007
$1,180,000
Redmond Premium Properties LLC
High Desert Redmond LLC
Grant Deed
$2,800,000 · Intervest Mortgage Co LLC
—
—
Underwood Estates LLC Axts INC
—
Deed Of Trust
related
$47,500 · Redmond Urban Renewal Agency
—
—
Redmond Premium Properties LLC
—
Deed Of Trust
related
$2,000,000 · Keybank USA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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