Mixed-Use Buildings with Warehouse
180 & 190 NE Irving Avenue, Bend, OR 97701
For Sale
Contact for pricing
Two single-story concrete-block buildings combine office, retail, shop, and warehouse areas.
Property Size7,240 SF
Lot Size0.32 Acres
Price / SF$275.55
Days on Market97
Property Features for 180 & 190 NE Irving Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Investment Type
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Highway Access
Building Details
Year Built
Year Renovated
Buildings
Stories
Construction
Listing Agency:
Compass Commercial Real Estate Services
Listed By:
Jay Lyons · License OR #5414106519
(541) 410-6519
Source:
Crexi
Added: Aug 5
Changed: Nov 2
Last Checked: Nov 8 at 7:35AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property consists of two single-story concrete-block buildings totaling approximately 7,240 square feet across two tax lots on 0.32 acres. The 180 building contains approximately 1,000 square feet of warehouse area and 840 square feet of shop space, with concrete floors, grade-level roll-up doors, gas heat, and skylights. The 190 building offers approximately 3,300 square feet of office space plus 2,100 square feet of retail and warehouse area. Office improvements include open workspace, two large private offices, a conference room, and a restroom, with exposed ceilings, glulam beams, and spiral ductwork in portions of the interior.
The property is zoned ME (Mixed-Use Employment) and BCD (Bend Central District). At 180 & 190 NE Irving Avenue in Bend, the site is east of downtown with access to Greenwood Avenue, Highway 97, and the Old Mill District. Shared building connections and a party wall may accommodate single-user or multiple-occupancy configurations, subject to verification and applicable approvals.
The property is zoned ME (Mixed-Use Employment) and BCD (Bend Central District). At 180 & 190 NE Irving Avenue in Bend, the site is east of downtown with access to Greenwood Avenue, Highway 97, and the Old Mill District. Shared building connections and a party wall may accommodate single-user or multiple-occupancy configurations, subject to verification and applicable approvals.
Key Highlights
- Two buildings total approximately 7,240 square feet on 0.32 acres and two tax lots
- 180 building includes approximately 1,000 SF of warehouse and 840 SF of shop space
- 190 building includes approximately 3,300 SF of office and 2,100 SF of retail/warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,420
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,488,400
$3.5M
Cap Rate 7%
$2,491,714
$2.5M
Cap Rate 9%
$1,938,000
$1.9M
Market Conditions
NOI Build-Up for 7,240 SF
Gross rent
$260.6K $36.00/SF
− Vacancy
−$11.5K −$1.58/SF
EGI
$249.2K $34.42/SF
− OpEx
−$74.8K −$10.32/SF
NOI
$174.4K $24.09/SF
Area
Bend, OR
Vacancy
4.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,488,400
Cap Rate 7%
$2,491,714
Cap Rate 9%
$1,938,000
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.91M
NOI $174,420 @ 7.0% cap · market cap 8.74%
Second Best
Office B
$1.49M
$1.30M – $1.73M
NOI $103,971 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $218,938 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,296
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two single-story concrete-block buildings combine office, retail, shop, and warehouse areas.
Where is this mixed-use property located?
The property is located at 180 & 190 NE Irving Avenue Bend, OR.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two buildings total approximately 7,240 square feet on 0.32 acres and two tax lots; 180 building includes approximately 1,000 SF of warehouse and 840 SF of shop space; 190 building includes approximately 3,300 SF of office and 2,100 SF of retail/warehouse space
