Mixed-Use Commercial
19885 7th Street Bend, OR 97703
For Sale
$3,250,000
Pending
COMMERCIAL - Bend, OR
Property Size9,383 SF
Lot Size0.46 Acres
Days on Market843
Property Features for 19885 7th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway, Parking Lot, On Street, Carport
- Security features
- Security System
- Window features
- Aluminum Frames, Double Pane Windows, Skylight(s)
- Patio and Porch features
- Deck, Patio
- 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
- Pending
- 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
- Electric (Heating), Heat Pump (Heating), Forced Air, 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 Agency:
RE/MAX Key Properties
(541) 728-0033
Listed By:
A'Leah Dee Knight · License #201224343
(541) 728-0033
Added: Apr 4, 2024
Changed: Jul 25
Last Checked: Jul 25 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This newly built mixed-use commercial building is currently approved and used for retail, offices, and manufacturing. The property is set up to be divided into three suites with separate HVAC and electrical, and it includes interior improvements such as light fixtures, solid wood doors and trim. The exterior features a rock finish with copper roof accents and gutters, along with other architectural elements.
The building provides extensive storefront and interior openings, including 70+ commercial storefront doors, windows, and skylights. A tunnel connects the areas, and there is a 1300-square-foot reception area, a courtyard, and a parking lot.
The existing suite layout includes Suite 100 as a retail space with a back stock area, two bathrooms, and a custom bar and fireplace. Suite 200 features a common area with multiple offices and a 1100-square-foot conference room, plus two bathrooms. Suite 300 includes a kitchen, bathroom, and office.
The building provides extensive storefront and interior openings, including 70+ commercial storefront doors, windows, and skylights. A tunnel connects the areas, and there is a 1300-square-foot reception area, a courtyard, and a parking lot.
The existing suite layout includes Suite 100 as a retail space with a back stock area, two bathrooms, and a custom bar and fireplace. Suite 200 features a common area with multiple offices and a 1100-square-foot conference room, plus two bathrooms. Suite 300 includes a kitchen, bathroom, and office.
Key Highlights
- Built in 2022 mixed‑use building in downtown Tumalo with central Oregon architecture and Tuscan‑inspired exterior details
- Approved for use as retail, offices, and manufacturing; set up to be divided into three suites with separate HVAC and electrical
- Interior includes $75k in lighting plus solid wood doors and trim, with wired‑for‑data features and granite/solid surface counters
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| 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 Uses
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Heritage Brand
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - New mixed-use commercial building with retail, office, and manufacturing space designed for subdivision into three suites.
Where is this flex space 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: Built in 2022 mixed‑use building in downtown Tumalo with central Oregon architecture and Tuscan‑inspired exterior details; Approved for use as retail, offices, and manufacturing; set up to be divided into three suites with separate HVAC and electrical; Interior includes $75k in lighting plus solid wood doors and trim, with wired‑for‑data features and granite/solid surface counters
