Bend Retail Investment
1244 NW Galveston Avenue, Bend, OR 97703
- Added:
- Jan 16, 2025
- Days on Market:
- 500
- Last Refresh:
- May 31 at 2:06 am
Property Features for 1244 NW Galveston Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Alley, On Street, Driveway, Parking Lot
- Patio and Porch features
- Patio
- Standard status
- Pending
- APN
- 102803
- Size
- 1,880 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5580
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Frame
- Roof type
- Composition
Listing agent Priscilla D. Martin License #861100164 (541) 480-2559
Listing office Stellar Realty Northwest 109 NW Greenwood Ave, Ste 105, Bend, OR (541) 508-3148
Listing date Jan 16, 2025
MLS# 220194585
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Highly sought‑after location in the Galveston Corridor on Bend's Westside.
- Strong tenant with long‑term lease provides an excellent investor opportunity.
- Walkable to Drake Park, downtown Bend, and the Deschutes River.
- On‑site parking available.
- Possible owner financing with 20% down, 5% interest, 30 yr amort, 5 yr due.
- Quality building constructed with frame and composition roof.
Overview
Located in the Galveston Corridor on Bend's Westside, this commercial property offers an investment opportunity with a strong tenant under a long-term lease. The building is of high quality and includes on-site parking. Its location provides walkability to Drake Park, downtown Bend, and the Deschutes River. The property has a size of 1880 square feet and is situated on a lot of 0.13 acres.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $36.00 |
| − Vacancy | −$3.0k | −$1.58 |
| EGI | $64.7k | $34.42 |
| − OpEx | −$19.4k | −$10.32 |
| NOI | $45.3k | $24.09 |
1,880 SF · lease $36.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$647.0K
$566.1K – $754.9K
NOI $45,291 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$812.2K
$710.6K – $947.5K
NOI $56,851 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Dump City Dumplings
Restaurant
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.329742
- Latitude
- 44.056878
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail property in Bend's Galveston Corridor with strong tenant.
Where is this retail space located?
The property is located at 1244 NW Galveston Avenue Bend, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Highly sought‑after location in the Galveston Corridor on Bend's Westside.; Strong tenant with long‑term lease provides an excellent investor opportunity.; Walkable to Drake Park, downtown Bend, and the Deschutes River.
