Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westside Property with Development Potential Title is generated by Realmo AI

    107 SW Columbia St, Bend, OR 97702

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Westside property suitable for owner/user, investment, or development.

    Type:Industrial, Land, Mixed Use
    Property size:
    39,659 SF
    Price / SF:
    $226/SF
    Added:
    Feb 11, 2025
    Days on Market:
    480
    Last Refresh:
    May 12 at 9:57 pm

    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

    We can help!

    Listing Contact
    Walt Ramage
    Walt Ramage

    Listing agent Walt Ramage License #OR 20062408

    Listing office NAI Cascade Commercial Real Estate Services, Worldwide

    Listing date Feb 11, 2025

    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

    • 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.
    • Panoramic mountain and city view potential.
    • Ideal for owner/user or leased investment.
    • Excellent demographics enhance property appeal.

    Overview

    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.

    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 (±1% cap)
    NOI $559,192 @ 7.0% cap · market cap 6.22%
    Second Best
    Industrial
    $5.23M
    $4.58M – $6.10M (±1% cap)
    NOI $366,242 @ 7.0% cap · market cap 4.07%
    Theoretical Best
    Specialty Retail
    $17.13M
    $14.99M – $19.99M (±1% cap)
    NOI $1,199,288 @ 7.0% cap · market cap 13.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nosler Inc. Industrial Manufacturer Shooter's Pro Shop Gun Shop

    Suggested Use

    Law Firm Restaurant Dental Office Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3269829
    Latitude
    44.0520504

    Nearby Similar for Sale

    • $649,000
      1,040 SF

      Turnkey Office Building, Bend, Oregon

      Turnkey office building in central location, ideal for professional services.
      336 NE Norton Avenue, Bend, OR 97701
      View Details
    • $739,000
      3,097 SF

      Bend Duplex Near COCC

      Well-maintained duplex in desirable NW Bend, ideal for investors.
      2646 NW Fawn Run Lane, Bend, OR 97703
      View Details
    • $299,000

      Shop on Fenced Lot

      0.57 acre lot with shop, fenced with wrap-around driveway.
      17037 DOWNEY Rd, Bend, OR 97707
      View Details
    • $959,000

      Developed Lots Ready to Build

      Three mixed-residential lots for sale, ready to build.
      62062 Dean Swift Rd, Bend, OR 97701
      View Details
    • $329,000

      Bend, OR Commercial Land

      Centrally located commercial land with development potential in Bend, OR.
      225 SE Urania Lane, Bend, OR 97702
      View Details
    • $999,900

      Bend, OR Commercial Land

      Commercial land near 3rd street in Bend, Oregon.
      195 SE Roosevelt Avenue, Bend, OR 97702
      View Details
    • $1,060,000
      3,568 SF

      Bend Triplex Investment Opportunity

      Well-maintained triplex in Bend with solid rental history.
      1284 SW Mill Pond Place, Bend, OR 97702
      View Details
    • $650,000

      Residential Land with Mountain Views

      Land in Shevlin Commons with Cascade Mountain views.
      62765 NW Sand Lily Way, Bend, OR 97703
      View Details
    • $575,000

      Premier View Home Site

      Luxury west-side lot with panoramic Cascade Mountain views.
      2861 NW Nightfall Circle, Bend, OR 97703
      View Details
    • $299,000
      1,920 SF

      Bend, OR Shop on Land

      Shop on .57 acre lot with fenced wrap-around driveway.
      17037 Downey Road, Bend, OR 97707
      View Details
    • $249,000

      Versatile Property with Equipped Shop

      Well-appointed getaway with shop, RV, and storage.
      17107 Hermosa Road, Bend, OR 97707
      View Details
    • $895,000
      4,158 SF

      Bend Commercial Shell Opportunity

      Commercial shell in central Bend, ready for custom build-out.
      67 NW Greenwood Avenue, Bend, OR 97703
      View Details

    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.
    (541) 706-9370 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Walt Ramage
    Walt Ramage
    Real Estate License ID: OR 20062408
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    107 SW Columbia St, Bend, OR 97702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!