Multi-Tenant Industrial Warehouse
For Sale
$2,550,000
1560 NE 1st St, Bend, OR 97701
Fully leased industrial property with 14 small-bay suites totaling about 17,640 sq ft.
Property Size17,640 SF
Price / SF$144.56
Days on Market94
Property Features for 1560 NE 1st St
General Information
Standard status
Active
Size
17,640 SF
Occupancy
100%
Additional Details
Cap Rate
6.56%
Highway Access
Yes
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
Compass Commercial Real Estate
Listed By:
Robert A Raimondi · License #200904013
(541) 383-2444
Source:
Marygilbertgroup
Added: Jul 19
Changed: Oct 12
Last Checked: Oct 7 at 1:56PM
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 Compass Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1560 NE 1st Street is a multi-tenant industrial warehouse offering 14 industrial suites totaling approximately 17,640 square feet. The building’s small-bay configuration includes eight 1,200-square-foot units and six 1,340-square-foot units, supporting a diverse tenant roster. The property is fully leased and currently generates $18,373 in gross monthly rental income, with a stated history of very low vacancy.
Located in Bend’s established Midtown commercial district, the property is positioned just east of the Bend Parkway and west of Business Highway 97. It also provides convenient north–south access through the city and is positioned near key east–west routes, including NE Greenwood Avenue/Highway 20.
For buyers seeking an in-place, leased industrial asset, this property’s suite mix and operational configuration are designed to serve multiple occupancies while maintaining stable occupancy performance.
Located in Bend’s established Midtown commercial district, the property is positioned just east of the Bend Parkway and west of Business Highway 97. It also provides convenient north–south access through the city and is positioned near key east–west routes, including NE Greenwood Avenue/Highway 20.
For buyers seeking an in-place, leased industrial asset, this property’s suite mix and operational configuration are designed to serve multiple occupancies while maintaining stable occupancy performance.
Key Highlights
- Fully leased industrial property with 14 industrial suites totaling about 17,640 sq ft (built 1974)
- Small‑bay unit mix: eight 1,200‑sq‑ft units and six 1,340‑sq‑ft units
- Generates $18,373 in gross monthly rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,809
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,956,180
$4.0M
Cap Rate 7%
$2,825,843
$2.8M
Cap Rate 9%
$2,197,878
$2.2M
Market Conditions
NOI Build-Up for 17,640 SF
Gross rent
$239.2K $13.56/SF
− Vacancy
−$6.5K −$0.37/SF
EGI
$232.7K $13.19/SF
− OpEx
−$34.9K −$1.98/SF
NOI
$197.8K $11.21/SF
Area
Bend, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,956,180
Cap Rate 7%
$2,825,843
Cap Rate 9%
$2,197,878
Alternative Uses
Best Use
Warehouse
$2.83M
$2.47M – $3.30M
NOI $197,809 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.62M
$6.67M – $8.89M
NOI $533,434 @ 7.0% cap · market cap 20.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,886
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97701, OR
42,159
Population
19,020
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
94%
High-School Grad
311.8 sq mi
ZIP Area
135
Density / Sq Mi
$77,969
Median Household Income
$47,431
Median Earnings
$1,700
Median Rent
$567,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Brosterhouse Storage — 1070 NW Bond St # 203, Bend, OR 97701
- Stor-It At the Hut — 1145 NE 1st St, Bend, OR 97701
- Blue Elephant Storage - Makers District — 1300 NE 2nd St, Bend, OR 97701
- Aeries Mini-Storage — 1258 NE 2nd St, Bend, OR 97701
- Norton Street Storage — 365 NE Norton Ave, Bend, OR 97701
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased industrial property with 14 small-bay suites totaling about 17,640 sq ft.
Where is this warehouse located?
The property is located at 1560 NE 1st St Bend, OR.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Fully leased industrial property with 14 industrial suites totaling about 17,640 sq ft (built 1974); Small‑bay unit mix: eight 1,200‑sq‑ft units and six 1,340‑sq‑ft units; Generates $18,373 in gross monthly rental income
