Retail Space with
1701 NE 3rd Street Bend, OR 97701
1701 NE 3rd Street, Bend, OR, 97701
Contact for pricing
For Sale
Contact for pricing
Retail space with drive-thru available for sale or lease.
Property Size3,100 SF
Price / SF$806.45
Days on Market678
Property Features for 1701 NE 3rd Street
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Retail
Listing agency
Commercial Realty Advisors Northwest LLC
(503) 274-0211
Listed by
Kelli Maks · License #OR 201012083
Source
Crexi
Added: Sep 12, 2024 Updated: Jul 6 at 8:18AM Checked: Jul 19 at 8:27AM
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 Commercial Realty Advisors Northwest LLC
Investment Insights
Based on property information with market context.
This retail space, which includes a drive-thru, is available for sale or lease. The space is divisible to 3,100 square feet.
Key Highlights
- Retail Space with Drive‑Thru
- Divisible to 3,100 SF
- For Lease or Sale
Local Financial Insights For Specialty Retail
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 | $130.2k | $42.00 |
| − Vacancy | −$5.2k | −$1.68 |
| EGI | $125.0k | $40.32 |
| − OpEx | −$31.2k | −$10.08 |
| NOI | $93.7k | $30.24 |
3,100 SF · lease $42.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,744 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$1.07M
$933.5K – $1.24M
NOI $74,683 @ 7.0% cap · market cap 2.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space with drive-thru available for sale or lease.
Where is this retail space located?
The property is located at 1701 NE 3rd Street Bend, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Retail Space with Drive‑Thru; Divisible to 3,100 SF; For Lease or Sale
