Two-Suite Flex
For Sale
Contact for pricing
1004 Southwest Emkay Drive, Bend, OR 97702
Office, warehouse, and manufacturing areas support varied commercial operations.
Property Size18,430 SF
Lot Size0.99 Acres
Price / SF$300
Days on Market57
Property Features for 1004 Southwest Emkay Drive
General Information
Standard status
Active
Size
18,430 SF
Total Parking Spaces
41
Lot size
0.99 Acres
Property subtype
Mixed Use, Industrial, Office
Zoning
Mixed Use Urban
Warehouse & Industrial
Drive-In Doors
3
Power
1,200 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Asking Price
$5,529,000
Utilities to Site
Yes
Building Details
Buildings
1
Building Size
18,430 SF
Construction
tilt-up concrete
Listing Agency:
Fratzke Commercial Real Estate
Listed By:
Brian Fratzke · License #OR 200402169
(541) 480-2526
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Nov 1 at 2:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fratzke Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,430 RSF flex and industrial building is arranged as two suites with office, warehouse, and manufacturing areas. Concrete tilt-up walls, a poured slab foundation, and a truss roof system support the improvements. Each suite has separate male and female restrooms, while the warehouse bays include Reznor and radiant heating. Rooftop HVAC serves the office areas, and the building offers three 14' grade-level roll-up doors, six man doors, and 240-volt three-phase electrical service with 1,200 amps.
The property occupies approximately 0.99 acres with 41 parking stalls and a 2-inch water line. Mixed Use Urban zoning allows a range of commercial and residential uses. The site is two blocks from Oregon State University-Cascades and provides access to nearby restaurants, retail, housing, and major transportation routes. It is also within Bend’s Enterprise Zone.
The property occupies approximately 0.99 acres with 41 parking stalls and a 2-inch water line. Mixed Use Urban zoning allows a range of commercial and residential uses. The site is two blocks from Oregon State University-Cascades and provides access to nearby restaurants, retail, housing, and major transportation routes. It is also within Bend’s Enterprise Zone.
Key Highlights
- 18,430 RSF flex and industrial building on approximately 0.99 acres
- Two suites with office, warehouse, and manufacturing areas
- Three 14' grade‑level roll‑up doors and six man doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,863
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,197,260
$5.2M
Cap Rate 7%
$3,712,329
$3.7M
Cap Rate 9%
$2,887,367
$2.9M
Market Conditions
NOI Build-Up for 18,430 SF
Gross rent
$442.3K $24.00/SF
− Vacancy
−$26.5K −$1.44/SF
EGI
$415.8K $22.56/SF
− OpEx
−$155.9K −$8.46/SF
NOI
$259.9K $14.10/SF
Area
Bend, OR
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,197,260
Cap Rate 7%
$3,712,329
Cap Rate 9%
$2,887,367
Alternative Uses
Best Use
Mixed Use
$3.71M
$3.25M – $4.33M
NOI $259,863 @ 7.0% cap · market cap 4.70%
Second Best
Flex RnD
$3.59M
$3.14M – $4.18M
NOI $250,994 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$7.96M
$6.97M – $9.29M
NOI $557,323 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97702, OR
51,161
Population
23,318
Households
2.2
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
103.5 sq mi
ZIP Area
494
Density / Sq Mi
$89,094
Median Household Income
$47,743
Median Earnings
$1,825
Median Rent
$620,600
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- El Sancho Super Secret Side Street Saloon — 133 SW Century Dr #204, Bend, OR 97702
- F-Bomb Burritos — 536 NW Arizona Ave, Bend, OR 97703
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and manufacturing areas support varied commercial operations.
Where is this flex space located?
The property is located at 1004 Southwest Emkay Drive Bend, OR.
What is the asking price?
The asking price for this property is $5,529,000.
What are key features of this property?
This property features: 18,430 RSF flex and industrial building on approximately 0.99 acres; Two suites with office, warehouse, and manufacturing areas; Three 14' grade‑level roll‑up doors and six man doors
