1033 NW Bond Street, Bend, OR 97703
Restored historic building with leased dining space and three apartments, plus permits for European-style hotel conversion.
- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 26 at 1:48 am
Property Features for 1033 NW Bond Street
General Information
- Standard status
- Active
- Size
- 8,766 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1920
Listing office NAI Cascade Commercial Real Estate Services, Worldwide (541) 706-9370
Listing date Jun 22, 2026
Source Crexi
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 NAI Cascade Commercial Real Estate Services, Worldwide
HighLights
- Restored historic property built in 1920 in downtown Bend, featuring original 17‑foot ceilings and a building elevator
- Second floor includes three high‑end apartments currently operating as in‑place units
- Permits are in place for conversion to a niche, high‑end European‑style albergo with tenant in place
- Fire suppression system on site and ample onsite plus offsite parking
- Leased dining space anchored by Ken's Artisan Pizza and Americana
Overview
The property is described as being anchored by two of downtown Bend’s dining destinations: Ken’s Artisan Pizza and Americana. A building elevator supports access to upper levels. The site also includes ample onsite and offsite parking to accommodate guests, residents, and visitors.
In addition to the current apartment use, permits are in place for conversion to a niche, high-end European-style albergo. The conversion is noted as having a tenant in place, and the property includes excess land at the rear that may support future expansion. This mix of preserved architectural character, practical amenities, and an approved hospitality conversion path may appeal to buyers looking for a stabilized asset with the option to pivot toward lodging.
Local Financial Insights For Specialty 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 | $368.2k | $42.00 |
| − Vacancy | −$14.7k | −$1.68 |
| EGI | $353.4k | $40.32 |
| − OpEx | −$88.4k | −$10.08 |
| NOI | $265.1k | $30.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.3120763
- Latitude
- 44.0596715
