Multi-Tenant Industrial Warehouse
1560 NE 1st Street Bend, OR 97701
New
1560 NE 1st Street, Bend, OR, 97701
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For Sale
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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 Market5
Property Features for 1560 NE 1st Street
General Information
- Standard status
- Active
- Size
- 17,640 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1974
Listing agency
Compass Commercial Real Estate Services
(541) 383-2444
Listed by
Robert Raimondi, CCIM · License #OR 200904013
Source
Crexi
Added: Jul 17 Updated: Jul 20 at 1:55AM Checked: Jul 20 at 1:55AM
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 Compass Commercial Real Estate Services
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
Local Financial Insights For Warehouse
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 | $239.2k | $13.56 |
| − Vacancy | −$6.5k | −$0.37 |
| EGI | $232.7k | $13.19 |
| − OpEx | −$34.9k | −$1.98 |
| NOI | $197.8k | $11.21 |
17,640 SF · lease $13.56/SF/yr · vacancy 2.71% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SOS Alarm Co
Security Service
Golden Shears Dog ...
Pet Grooming Service
Kon Tiki Conversions
Car Dealership
LiquidRock Concrete
Construction Company
Mike Warren Construction ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Brosterhouse Storage — 1070 NW Bond St # 203, Bend, OR 97701
- Blue Elephant Storage - Makers District — 1300 NE 2nd St, Bend, OR 97701
- Norton Street Storage — 365 NE Norton Ave, Bend, OR 97701
- Stor-It At the Hut — 1145 NE 1st St, Bend, OR 97701
- Aeries Mini-Storage — 1258 NE 2nd St, Bend, OR 97701
FAQs
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 Street 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
