Mixed-Use Property with Warehouse
190 NE Irving Avenue, Bend, OR 97701
For Sale
$1,995,000
Two concrete-block buildings combine office, retail, shop, and warehouse areas in a single property.
Property Size7,240 SF
Lot Size0.32 Acres
Price / SF$275.55
Days on Market89
Property Features for 190 NE Irving Avenue
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Mixed-Use Components
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Compass Commercial Real Estate
Listed By:
Jay Edward Lyons · License #201101137
(541) 410-6519
Source:
Nexus360realty
Added: Aug 13
Changed: Nov 7
Last Checked: Nov 8 at 12:16PM
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
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Investment Insights
Based on property information with market context.
At 180 and 190 NE Irving Avenue, this mixed-use property consists of two single-story concrete-block buildings with a combined 7,240 square feet on two tax lots totaling 0.32 acres. Built in 1972, the buildings provide office, retail, shop, and warehouse space. The 180 building contains 1,000 square feet of warehouse area and 840 square feet of shop space, with concrete floors, gas heat, skylights, and grade-level roll-up doors.
The 190 building includes 3,300 square feet of office space and 2,100 square feet of retail and warehouse area. Its office plan features open work space, two large private offices, a conference room, and a restroom. Exposed ceilings, glulam beams, and spiral ductwork are present in portions of the interior.
The 190 building includes 3,300 square feet of office space and 2,100 square feet of retail and warehouse area. Its office plan features open work space, two large private offices, a conference room, and a restroom. Exposed ceilings, glulam beams, and spiral ductwork are present in portions of the interior.
Key Highlights
- Two single‑story concrete‑block buildings totaling 7,240 square feet
- Two tax lots comprise 0.32 acres
- 180 building has 1,000 square feet of warehouse and 840 square feet of shop 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
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,084 @ 7.0% cap · market cap 5.12%
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
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two concrete-block buildings combine office, retail, shop, and warehouse areas in a single property.
Where is this mixed-use property located?
The property is located at 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 single‑story concrete‑block buildings totaling 7,240 square feet; Two tax lots comprise 0.32 acres; 180 building has 1,000 square feet of warehouse and 840 square feet of shop space
