Westside Property with Development
107 SW Columbia St Bend, OR 97702
107 SW Columbia St, Bend, OR, 97702
Contact for pricing
For Sale
Contact for pricing
Westside property suitable for owner/user, investment, or development.
Property Size39,659 SF
Price / SF$226.81
Days on Market525
Property Features for 107 SW Columbia St
General Information
- Standard status
- Active
- Size
- 39,659 SF
- Property subtype
- Industrial, Land, Mixed Use
Building Details
- Year Built
- 1981
Listing agency
NAI Cascade Commercial Real Estate Services, Worldwide
(541) 706-9370
Listed by
Walt Ramage · License #OR 20062408
Source
Crexi
Added: Feb 11, 2025 Updated: Jul 10 at 3:45PM Checked: Jul 19 at 9:55AM
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
Investment Insights
Based on property information with market context.
This westside property presents multiple opportunities, making it ideal for an owner/user, a leased investment, or future development, with income in place during the planning and permitting process. The mixed-use zoning allows for maximum density with minimal to no setbacks and height allowances, offering panoramic mountain and city views. The property is well-located just off the Simpson Avenue and Columbia Street roundabout on Bend’s desirable westside, near Bend Whitewater Park, Century Drive, Old Mill, and Galveston Avenue. Excellent demographics enhance this property's exceptional appeal and development opportunity. The property to the south of the portfolio may be available for purchase. The property has a size of 39659 square feet.
Key Highlights
- Prime westside location near Bend Whitewater Park, Century Drive, Old Mill, and Galveston Ave.
- Mixed Use zoning allows for maximum density with minimal to no setbacks.
- Development opportunity with income in place during planning/permitting.
Local Financial Insights For Mixed Use
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 | $951.8k | $24.00 |
| − Vacancy | −$57.1k | −$1.44 |
| EGI | $894.7k | $22.56 |
| − OpEx | −$335.5k | −$8.46 |
| NOI | $559.2k | $14.10 |
39,659 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$7.99M
$6.99M – $9.32M
NOI $559,192 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.13M
$14.99M – $19.99M
NOI $1,199,288 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nosler Inc.
Industrial Manufacturer
Shooter's Pro Shop
Gun Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Westside property suitable for owner/user, investment, or development.
Where is this commercial land located?
The property is located at 107 SW Columbia St Bend, OR.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: Prime westside location near Bend Whitewater Park, Century Drive, Old Mill, and Galveston Ave.; Mixed Use zoning allows for maximum density with minimal to no setbacks.; Development opportunity with income in place during planning/permitting.
