Prime Westside Bend location; 39,659 SF, mixed-use.
Property size:
39,659 SF
Description
Added:
Feb 13, 2025
Days on Market:
335
This exceptional 39,659-square-foot industrial property, situated on 2.11 acres in Bend, Oregon, presents a compelling investment opportunity. The property boasts a diverse layout, including 28,940 square feet of open manufacturing/distribution space, 7,284 square feet of professional office space featuring multiple conference rooms, 13 private offices, a kitchen, and a showroom. An additional 2,595 square feet of professional office space is located on the second floor, offering private offices, a large bullpen area, and several smaller conference rooms. A 840-square-foot storage addition completes the building. Constructed with concrete tilt-up construction in 1981, with renovations in 1992 and 2009, the building features a new roof (2024), two dock-high doors, and two grade-level roll-up doors. The clear span ceiling height is 15.5 feet. Ample parking is available. The property is zoned MU, allowing for maximum density with minimal setbacks and height allowances offering panoramic views. The electrical system is robust, featuring 3-phase 480v and 208v, as well as 240/120 single-phase power throughout, suitable for most light-industrial machinery. This versatile property is ideally suited for owner-users, lease investments, or future development, with existing income providing a buffer during the planning and permitting process. Its location on Bend's desirable west side, near the Simpson Ave and Columbia St roundabout, offers easy access to key amenities and boasts excellent demographics. Additional contiguous lots totaling 5.13 acres may also be available.
Property Features for 107 Columbia St
General Information
Property type
Distribution properties
Square Feet
39,659 SF
Lot Size
91,912 SF
Building Details
Year Built
1981
Buildings
1
HighLights
$9,518,160 asking price for a 39,659 SF industrial property.
Bend, Oregon location at 107 SW Columbia St, on a 2.11‑acre lot.
Mixed‑use (MU) zoning allows for high‑density development.
Features 28,940 SF of open manufacturing/distribution space, 7,284 SF of professional office space, and 2,595 SF of second‑floor office space.
Includes 840 SF of storage, two dock‑high doors, and 15.5' clear ceiling height.
Concrete tilt‑up construction, built in 1981 with renovations in 1992 and 2009; new roof in 2024.
Distribution property - Prime Westside Bend location; 39,659 SF, mixed-use.
Where is this distribution property located?
The property is located at 107 Columbia St Bend, OR.
What is the asking price?
The asking price for this property is $9,518,160.
What are key features of this property?
This property features: $9,518,160 asking price for a 39,659 SF industrial property.; Bend, Oregon location at 107 SW Columbia St, on a 2.11-acre lot.; Mixed-use (MU) zoning allows for high-density development.
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107 Columbia St Bend, OR 97702
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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.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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107 Columbia St Bend, OR 97702
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107 Columbia St, Bend, OR
Walt Ramage
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107 Columbia St, Bend, OR
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