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    Property profile & analytics

    Bend, OR 97701

    • Apartment buildings
    • 11,888 SF
    • 3.99 lot acres
    OFF-MARKET
    Value Estimations
    $8,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1402955
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details

    Year built
    2013
    Lot size
    3.99 lot acres
    Property size
    11,888 SF
    Zone code
    UT
    Property type
    Apartment buildings
    APN
    171221 DC 00500
    APU
    171221DC00500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,232,000
      Market price range: $968k - $8.23M
      AI Estimate
      $8,232,000
      Market price range: $968k - $8.23M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.293
    Latitude
    44.081
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $86,906
    $0.00
    $0.00
    $5,436,120
    -
    $590,140
    $9,017,360
    $9,607,500

    Comparable in this City

    • Value Estimation by Request
      4.23 Acres

      Bend, OR 97701

      APARTMENT HOUSE (5+ UNITS) • 4.23 Acres
      Bend, OR 97701
      View Details
    • Value Estimation
      $5,210,000
      7,520 SF

      1850 Lotus Dr

      APARTMENT HOUSE (5+ UNITS) • 7,520 SF
      1850 Lotus Dr, Bend, OR 97701-6151
      View Details
    • Value Estimation
      $11,110,000
      40,224 SF

      488 Bellevue Dr

      APARTMENT HOUSE (5+ UNITS) • 40,224 SF
      488 Bellevue Dr, Bend, OR 97701-7412
      View Details
    • Value Estimation
      $46,725,000
      195,178 SF

      1125 Watt Way

      APARTMENT HOUSE (100+ UNITS) • 195,178 SF
      1125 Watt Way, Bend, OR 97701-5353
      View Details
    • Value Estimation by Request
      25,551 SF

      Bend, OR 97701

      APARTMENT HOUSE (5+ UNITS) • 25,551 SF
      Bend, OR 97701
      View Details
    • Value Estimation
      $690,000
      4,982 SF

      1407 10th St

      APARTMENT HOUSE (5+ UNITS) • 4,982 SF
      1407 10th St, Bend, OR 97701-4457
      View Details

    Similar Nearby for Sale

    • $899,500
      Pending

      Bend Fourplex Near St. Charles

      Fourplex near St. Charles, shopping, dining, and outdoor recreation.
      2028 NE Patterson Cir, Bend, OR 97701
      View Details
    • Contact for pricing
      1,732 SF

      Retail Space Available For Sale

      Retail space with 1,732 SqFt available for purchase.
      1222 NE 4Th St, Bend, OR 97701
      View Details
    • $45,000
      10.00 Acres

      Bend, Oregon Recreational Land

      10 acres of recreational land near Bend, Oregon.
      58700 George Millican Rd, Bend, OR 97701
      View Details
    • $39,500
      10.00 Acres

      10 Acres in Golden View Ranch

      10 acre parcel near Bend, Oregon, perfect for recreation.
      1100 Goldenview Rnch, Bend, OR 97701
      View Details
    • $65,000
      25.00 Acres

      Oregon High-Desert Recreational Land Parcel

      25-acre recreational land parcel near Bend, Oregon.
      1400 Golden Vw Rnch, Bend, OR 97701
      View Details
    • $45,000
      11.26 Acres

      Recreational Land Near Bend, Oregon

      11.26-acre recreational land parcel near Bend, Oregon.
      400 Goldenview Rnch, Bend, OR 97701
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      45,205 SF

      Bend Executive Office Space

      Prime Bend location, multiple suites available.
      1230 3Rd St, Bend, OR 97701
      View Details
    • Contact for pricing

      Bend Flex/Industrial Space Available

      Flex/Industrial space available for lease in Bend, Oregon.
      64415 Strickler Ave, Bend, OR 97701
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space available for rent, 1,500 square feet.
      1420 NE 1St St, Bend, OR 97701
      View Details
    • Contact for pricing

      Land Lease in Bend Central

      Land lease opportunity available in Bend Central District.
      1569 NE 2Nd St, Bend, OR 97701
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Bend, Oregon.
      20340-20370 Empire Ave, Bend, OR 97701
      View Details
    • $3 SF/Yr
      619 SF

      Retail Space in Bend, Oregon

      Retail space available for lease in Bend, Oregon.
      113 NW Minnesota Ave NW, Bend, OR 97701
      View Details
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    Bend, OR 97701
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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