Insulated Flex Workshop with RV
New
For Sale
$345,000
17177 Glendale Road, Bend, OR 97707
Land, Bend, OR
Property Size1,968 SF
Lot Size0.49 Acres
Price / SF$175.30
Days on Market4
Property Features for 17177 Glendale Road
General Information
Property type
Land
Property subtype
Other
Zoning description
RR10, LM, WA
Subdivision
Deschutes River Recreation Homesites
Lot features
Level, Native Plants, Wooded
View
Forest, Territorial
Elementary school
Three Rivers Elem
Middle school
Three Rivers
High school
Caldera High
Standard status
Active
APN
116164
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
100
Amenities
basketball hoop
dedicated RV plug
covered patio
Building Details
Additional Structures
Storage
Listing Agency:
High Desert Realty, LLC
(541) 312-9449
Listed By:
Ken M. Mucha · License #200111030
(541) 312-9449
Added: Aug 27
Changed: Aug 30
Last Checked: Aug 30 at 2:06PM
MLS# 220227774
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,968-square-foot flex workshop occupies a 0.49-acre lot and features a 44' x 48' footprint with 16-foot ceilings. The insulated post-frame building includes R-19 insulation, a basketball hoop, a 12' x 48' lean-to for covered storage, a 12' x 12' covered entry patio, and a 4-foot concrete approach apron. The exterior combines barn wood, metal siding, and engineered stone wainscoting.
Two 12' x 14' overhead doors have LiftMaster Wi-Fi jackscrew openers and accommodate RVs, boats, and equipment. Electrical improvements include 200-amp service, a dedicated RV plug, and exterior GFCI outlets. The interior can support workshop, studio, and storage functions. The property is near the Deschutes River and Sunriver Resort, with access to numerous amenities.
Two 12' x 14' overhead doors have LiftMaster Wi-Fi jackscrew openers and accommodate RVs, boats, and equipment. Electrical improvements include 200-amp service, a dedicated RV plug, and exterior GFCI outlets. The interior can support workshop, studio, and storage functions. The property is near the Deschutes River and Sunriver Resort, with access to numerous amenities.
Key Highlights
- 1,968‑square‑foot insulated post‑frame workshop on a 0.49‑acre lot
- 44' x 48' footprint with 16‑foot ceilings
- Two 12' x 14' overhead doors with LiftMaster Wi‑Fi jackscrew openers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$536,040
$536.0K
Cap Rate 7%
$382,886
$382.9K
Cap Rate 9%
$297,800
$297.8K
Market Conditions
NOI Build-Up for 1,968 SF
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.
Gross rent
$42.5K $21.60/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$41.2K $20.95/SF
− OpEx
−$14.4K −$7.33/SF
NOI
$26.8K $13.62/SF
Area
Bend, OR
Vacancy
3.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$536,040
Cap Rate 7%
$382,886
Cap Rate 9%
$297,800
Alternative Uses
Best Use
Flex RnD
$382.9K
$335.0K – $446.7K
NOI $26,802 @ 7.0% cap · market cap 7.77%
Second Best
Warehouse
$315.3K
$275.9K – $367.8K
NOI $22,068 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$850.2K
$743.9K – $991.9K
NOI $59,512 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97707, OR
7,833
Population
8,021
Households
1
Avg Household Size
54
Median Age
50%
College-Educated
98%
High-School Grad
62.7 sq mi
ZIP Area
125
Density / Sq Mi
$83,405
Median Household Income
$52,284
Median Earnings
$2,298
Median Rent
$559,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Insulated commercial workshop with covered storage, RV access, and adaptable interior space.
Where is this flex space located?
The property is located at 17177 Glendale Road Bend, OR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,968‑square‑foot insulated post‑frame workshop on a 0.49‑acre lot; 44' x 48' footprint with 16‑foot ceilings; Two 12' x 14' overhead doors with LiftMaster Wi‑Fi jackscrew openers
