19330 Pinehurst Rd, Bend, OR 97703

Building Details

Building Size 32,882 SF More

Listing Agency: NAI Cascade

Listed By: Jenn Limoges, CCIM · License OR #201207479 Show Phone

Source: Naiglobal

Added: Mar 27 Changed: Nov 10 Last Checked: Nov 10 at 8:00AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

NOI $994,352 @ 7.0% cap · market cap 14.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Crater Lake Spirits ... Brewery & Distillery Bend Spirits Brewery & Distillery Desert Juniper Gin Brewery & Distillery Ablis Functional Infusions Big Box & Wholesale Store Ablis CBD Big Box & Wholesale Store

Suggested Use

Top Pick Building Supply Plumbing Service Kitchen & Bath Showroom Computer & Electronic Repair Tech Support Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Properties on Market for Specialty properties in Deschutes County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Fully Leased Office Investment Property

2500 NE Twin Knolls Dr, Bend, OR 97701

$5,950,000

View details

NNN Brewery Property Assemblage

20-24 NW Greenwood Ave & 21-35 NW Kearney Ave, Bend, OR 97701

$3,750,000

View details

Multifamily Townhome Property

20550 Empire Avenue, Bend, OR 97701

$2,399,000

9,548 SF

View details

Drive-Through NNN Property

583 NE Bellevue Drive, Bend, OR 97701

$2,185,000

2,614 SF

View details

Multi-Parcel Brewing & NNN Property

20-24 NW Greenwood Ave, Bend, OR 97703

Contact for pricing

10,708 SF

View details

Flex and Light Industrial Building

1177 Southeast 9th Street, Bend, OR 97702

Contact for pricing

10,500 SF

View details

Brewery Production Facility

63063 Layton Ave, Bend, OR 97701

Contact for pricing

8,968 SF

View details

Two-Tenant Mixed-Use Property

3081 N Highway 97, Bend, OR 97701

Contact for pricing

4,828 SF

View details

Remodeled Specialty Property

64900 Hunnell Road, UNIT 12, Bend, OR 97703

$97,000

720 SF

View details

Recreation Land Parcel

65953 Rimrock Court, Bend, OR 97701

$45,000

View details

Fully Leased NNN Property

255 SW Bluff Dr, Bend, OR 97702

Contact for pricing

View details

Hospital-Adjacent Medical Office Space

2090 Northeast Wyatt Court, Bend, OR 97701

Contact for pricing

View details

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.