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    61535 S HWY 97 Bend, OR 97702

    View on Map
    Picture of Storefront properties at 61535 S HWY 97, Bend, OR
    For Sale
    $325,000

    COMMERCIAL - Bend, OR

    Added:
    May 23, 2025
    Days on Market:
    314
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 61535 S HWY 97

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    We can help!

    Listing Contact
    Joseph Raymond Becker
    Joseph Raymond Becker

    Listing agent Joseph Raymond Becker License #201232547

    Listing office RE/MAX Out West Realty 896 NE 3rd St., Prineville, OR

    Listing date May 23, 2025

    MLS# 220202687

    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.

    Overview

    Profitable Packing & Shipping Business

    This is a well-established, high-volume packing and shipping business located adjacent to a major high-traffic store. The turnkey operation is a one-stop location for all shipping and business service needs, offering mailbox rentals, notary services, passport photos, and more. The location benefits from constant foot traffic from the neighboring anchor store, enjoying strong visibility and steady customer flow. The business is fully equipped, clean, and professionally branded. It offers full-service packing, shipping (UPS, FedEx, USPS), and mailing services. There are over 550 mailbox rentals with a high occupancy rate. A notary service and professional passport photo setup are also available. The business has a loyal customer base with repeat business and strong revenue with growth potential. The property is located at 61535 S HWY 97, Bend, OR 97702.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fred Meyer Grocery & Convenience Store Charlie Borland Photography Photography Service 24/7 Plumber Mr ... Plumbing Service Coffman Vision Clinic Eye Care Center Michael A. Coffman, OD Eye Care Center

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Similar Places Nearby

    • Ana's Rose N Thorn — 751 SE Sun Ln, Bend, OR 97702

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.308418
    Latitude
    44.034702

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    FAQs

    What type of property is this?
    Storefront property - Turnkey packing and shipping business with mailbox rentals in Bend.
    Where is this storefront property located?
    The property is located at 61535 S HWY 97 Bend, OR.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Prime high‑traffic location adjacent to a major store.; Over 550 mailbox rentals with high occupancy rate.; Full‑service packing, shipping (UPS, FedEx, USPS), and mailing center.
    (541) 233-6990
    We can help!
    Listing Contact
    Joseph Raymond Becker
    Joseph Raymond Becker
    Real Estate License ID: 201232547
    Learn More
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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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