Central Oregon Craft Beverage
For Sale
$6,900,000
19330 Pinehurst Rd, Bend, OR 97703
Turnkey distillery estate on 23+ acres near Bend, Oregon.
Property Size32,882 SF
Lot Size23.00 Acres
Price / SF$209.84
Days on Market198
Property Features for 19330 Pinehurst Rd
General Information
Standard status
Active
Size
32,882 SF
Class
A
Lot size
23.00 Acres
Property subtype
Industrial
Building Details
Building Size
32,882 SF
Listing Agency:
NAI Cascade
Listed By:
Jenn Limoges, CCIM · License #OR #201207479
(541) 639-2566
Source:
Naiglobal
Added: Mar 27
Changed: Oct 7
Last Checked: Oct 9 at 6:33PM
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 NAI Cascade
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a craft beverage production facility, the birthplace of Crater Lake Spirits and Ablis CBD beverages. Located approximately 10 minutes from Bend along Highway 20, the property includes six structures totaling nearly 33,000 square feet on over 23 acres, with 18 acres holding water rights. The property supports a farm-to-bottle ecosystem, including on-site cultivation, ingredient processing, bottling, aging, packaging, and a tasting room. The grounds also feature a community dog park. The property offers views of the Cascade Mountains. The facility is a turnkey operation. The total property size is 32,882 square feet.
Key Highlights
- Turnkey craft beverage operation with six purpose‑built structures totaling nearly 33,000 SF on 23+ acres.
- Includes 18 acres of valuable water rights, supporting a complete farm‑to‑bottle ecosystem.
- Birthplace of acclaimed Crater Lake Spirits and Ablis CBD beverages, offering an established legacy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$303,658
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,073,160
$6.1M
Cap Rate 7%
$4,337,971
$4.3M
Cap Rate 9%
$3,373,978
$3.4M
Market Conditions
NOI Build-Up for 32,882 SF
Gross rent
$445.9K $13.56/SF
− Vacancy
−$12.1K −$0.37/SF
EGI
$433.8K $13.19/SF
− OpEx
−$130.1K −$3.96/SF
NOI
$303.7K $9.23/SF
Area
Bend, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,073,160
Cap Rate 7%
$4,337,971
Cap Rate 9%
$3,373,978
Alternative Uses
Best Use
Industrial
$4.34M
$3.80M – $5.06M
NOI $303,658 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.21M
$12.43M – $16.57M
NOI $994,352 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 97703, OR
32,475
Population
16,032
Households
2
Avg Household Size
45
Median Age
60%
College-Educated
98%
High-School Grad
269.8 sq mi
ZIP Area
120
Density / Sq Mi
$118,160
Median Household Income
$52,182
Median Earnings
$1,831
Median Rent
$915,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Specialty property - Turnkey distillery estate on 23+ acres near Bend, Oregon.
Where is this specialty property located?
The property is located at 19330 Pinehurst Rd Bend, OR.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Turnkey craft beverage operation with six purpose‑built structures totaling nearly 33,000 SF on 23+ acres.; Includes **18 acres of valuable water rights**, supporting a complete farm‑to‑bottle ecosystem.; Birthplace of acclaimed Crater Lake Spirits and Ablis CBD beverages, offering an established legacy.
