Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Industrial Facility in Sisters Title is generated by Realmo AI

    275 W Lundgren Mill Drive, Sisters, OR 97759

    View on Map
    Claim this Listing
    Picture of Flex space at 275 W Lundgren Mill Drive, Sisters, OR
    For Lease
    $1.00 SF/Yr $1,383/Mo (calc)

    COMMERCIAL - Sisters, OR

    Property size:
    16,600 SF
    Lot size:
    0.82 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    102
    Last Refresh:
    May 12 at 5:06 am

    Property Features for 275 W Lundgren Mill Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    253218
    Size
    16,600 SF
    Lot size
    0.82 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17822

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    Ryan Amerongen
    Ryan Amerongen

    Listing agent Ryan Amerongen License #OR 201209792

    Listing office RE/MAX Key Properties 42 NW Greenwood Ave., Bend, OR

    Listing date Jan 30, 2026

    MLS# 220214516

    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

    • Strategic location in Sisters Business Park with direct access to Highways 20 and 126.
    • Modern, Class A industrial facility built in 2019 with high‑tech infrastructure.
    • Includes 7,134 SF climate‑controlled warehouse, 5,995 SF Class A offices, and 3,471 SF clean room/production space.
    • Features 28' clear height and 800 AMP 3‑phase power with backup generator.
    • Laboratory and clean room buildouts already in place.
    • Expansive parking with EV charging.

    Overview

    This Class A industrial facility, constructed in 2019, offers 16,600 square feet of space in Sisters, Oregon. The property features modern, high-tech infrastructure, including a 7,134 square foot climate-controlled warehouse, 5,995 square feet of Class A office space, 3,471 square feet of clean room/production space, and a 1,491 square foot mezzanine office/storage area. The building has a 28-foot clear height and is equipped with 800 AMP 3-phase power, supported by a backup generator. Additional features include laboratory and clean room buildouts, two grade-level roll-up doors, and expansive parking with EV charging stations. Situated on a 0.82-acre lot in the Sisters Business Park, the property provides direct access to Highways 20 and 126, offering connectivity for manufacturing, distribution, and specialty production. Building B at 295 W Lundgren Mills Dr is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Spa & Massage Center Auto Repair Shop Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sisters
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.588
    Latitude
    44.3095

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Modern Industrial Facility in Sisters

      Versatile 6,888 SF industrial facility for lease in Sisters, Oregon.
      295 W Lundgren Mill Drive, Sisters, OR 97759
      View Details
    • Sponsored
      Contact for pricing

      OR, Sisters - Fir St

      207 Fir St, Sisters, OR 97759
      View Details
    • $500/Mo

      Downtown Sisters Office/Retail Space

      Professionally managed office/retail space with ample foot traffic.
      178 S Elm St, Sisters, OR 97759
      View Details
    • $1.20 SF/Yr

      Professional Office Space in Sisters

      Professional office space with open layout, private offices, and kitchenette.
      703 N Larch St, Sisters, OR 97759
      View Details
    • $1.20 SF/Yr

      Professional Office Space in Sisters

      Office space with open layout, private offices, and parking.
      703 N Larch St, Sisters, OR 97759
      View Details
    • $0.95 SF/Yr

      Sisters Warehouse Space Available

      6,840 SF warehouse space for lease in Sisters, Oregon.
      690 W Three Peaks Dr, Sisters, OR
      View Details
    • $16 SF/Yr

      Office Space in Sisters, Oregon

      Office space available for lease in Sisters, Oregon.
      178 S Elm St, Sisters, OR
      View Details
    • Contact for pricing

      Professional Office in Sisters Industrial

      Professional office space suitable for various business and medical uses.
      703 N Larch St, Sisters, OR 97759
      View Details

    FAQs

    What type of property is this?
    Flex space - Class A industrial facility with office and warehouse space for lease.
    Where is this flex space located?
    The property is located at 275 W Lundgren Mill Drive Sisters, OR.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Strategic location in Sisters Business Park with direct access to Highways 20 and 126.; Modern, Class A industrial facility built in 2019 with high‑tech infrastructure.; **Includes 7,134 SF climate‑controlled warehouse, 5,995 SF Class A offices, and 3,471 SF clean room/production space.**
    (541) 213-8967
    We can help!
    Listing Contact
    Ryan Amerongen
    Ryan Amerongen
    Real Estate License ID: OR 201209792
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    275 W Lundgren Mill Drive, Sisters, OR 97759
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!