Mixed-Use Building in Downtown
19885 7th Street, Bend, OR 97703
COMMERCIAL - Bend, OR
Property size:
9,383 SFLot size:
0.46 AcresPrice / SF:
$346/SF- Added:
- Apr 4, 2024
- Days on Market:
- 772
- Last Refresh:
- May 15 at 4:06 pm
Property Features for 19885 7th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Carport, On Street, Garage, Parking Lot, Driveway
- Security features
- Security System
- Window features
- Double Pane Windows, Aluminum Frames, Skylight(s)
- Patio and Porch features
- Patio, Deck
- Interior features
- Built-in Features, Granite Counters, Smart Lighting, Solid Surface Counters, Vaulted Ceiling(s), Wired for Data
- Exterior features
- Courtyard, Fire Pit
- Standard status
- Active
- APN
- 133534
- Size
- 9,383 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 21438
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Electric (Heating), Heat Pump (Heating), Propane (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Concrete
- Building materials
- Frame
- Roof type
- Composition
Listing agent A'Leah Dee Knight License #201224343 (541) 728-0033
Listing office RE/MAX Key Properties 42 NW Greenwood Ave., Bend, OR (541) 728-0033
Listing date Apr 4, 2024
MLS# 220179846
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.
HighLights
- Versatile mixed‑use building approved for retail, offices, and manufacturing. Potential for restaurants or a boutique hotel.
- Divisible into three suites, each with separate HVAC and electrical systems.
- High‑end finishes include $75k worth of light fixtures, solid wood doors and trim, and granite counters.
- Low‑maintenance exterior with rock, copper, and presidential shingles.
- Abundant natural light from 70+ commercial storefront doors, windows, and skylights.
- Multiple parking options include on‑street, carport, driveway, garage, and a parking lot.
Overview
This new mixed-use building is located in downtown Tumalo. The architecture blends Central Oregon design with Tuscan inspiration. Currently approved and used for retail, offices, and manufacturing, the building is set up to be divided into three suites, each with separate HVAC and electrical systems. A sewer system is in development that will expand usage possibilities to virtually anything allowed in the TUC zone, including restaurants and a boutique hotel. The exterior features rock, copper roof accents and gutters, presidential shingles, and raw metal siding. The interior includes light fixtures, solid wood doors, and trim. There are over 70 commercial storefront doors, windows, and skylights. Suite 100 comprises 1190 square feet of retail space, a 160-square-foot back stock area, two bathrooms, a custom bar, and a fireplace. Suite 200 features a large common area, two bathrooms, four offices, and an 1100-square-foot conference room. Suite 300 includes a kitchen, bathroom, and office. All suites are joined by a tunnel with a 1300-square-foot reception area, courtyard, and parking lot. The building has a total size of 9383 square feet and is situated on a 0.46-acre lot.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$2.51M
NOI $226,048 @ 9.00% cap · cautious / downside scenario
Moderate
$3.23M
NOI $226,048 @ 7.00% cap · market / base-case scenario
Aggressive
$4.52M
NOI $226,048 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $337.8k | $36.00 |
| − Vacancy | −$14.9k | −$1.58 |
| EGI | $322.9k | $34.42 |
| − OpEx | −$96.9k | −$10.32 |
| NOI | $226.0k | $24.09 |
9,383 SF · lease $36.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$3.23M
$2.83M – $3.77M
NOI $226,048 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$1.92M
$1.68M – $2.25M
NOI $134,745 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$4.05M
$3.55M – $4.73M
NOI $283,742 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Heritage Brand
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.3303467
- Latitude
- 44.1464721
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - New mixed-use building suitable for retail, office, and manufacturing.
Where is this mixed-use property located?
The property is located at 19885 7th Street Bend, OR.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Versatile mixed‑use building approved for retail, offices, and manufacturing. Potential for restaurants or a boutique hotel.; Divisible into three suites, each with separate HVAC and electrical systems.; High‑end finishes include $75k worth of light fixtures, solid wood doors and trim, and granite counters.
