Mixed-Use Building With Three
19885 7th Street, Bend, OR 97703
- Added:
- Apr 4, 2024
- Days on Market:
- 798
- Last Refresh:
- Jun 10 at 6:06 am
Property Features for 19885 7th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Parking Lot, Driveway, Carport, Garage
- Security features
- Security System
- Window features
- Double Pane Windows, Aluminum Frames, 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
- 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
- Electric (Heating), Propane (Heating), Heat Pump (Heating), Forced Air
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Concrete, Hardwood
- 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
- 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
- 70+ commercial storefront doors, windows, and skylights; rock exterior with copper roof accents and composition roof
- Suite 100: 1,190 SF retail with 160 SF back stock, 2 bathrooms, custom bar and fireplace
- Shared features include a tunnel connecting suites plus 1,300 SF reception area, courtyard, and parking lot; sewer system is in the works
Overview
This newly built mixed-use property is currently approved and in use for retail, offices, and manufacturing, with an interior configured to be divided into three suites. The building is designed for suite-level separation, with separate HVAC and electrical. The exterior features a rock finish with copper roof accents and gutters, presidential shingles, and raw metal siding. Inside, improvements include $75,000 worth of light fixtures, along with solid wood doors and trim, and a large windowed storefront presence with 70+ commercial storefront doors, windows, and skylights. Common and shared areas include a tunnel connecting spaces, a 1,300-square-foot reception area, a courtyard, and a parking lot.
The property address is 19885 7th Street in Bend, Oregon, described in the remarks as located in downtown Tumalo. The current suite mix includes Suite 100 as a retail layout with a back stock area, two bathrooms, and a custom bar with a fireplace. Suite 200 includes a large common area with bark, two bathrooms, four offices, and an 1,100-square-foot conference room. Suite 300 provides a kitchen, bathroom, and office.
The combination of suite-level systems and multiple indoor configurations supports a range of tenant uses within the currently referenced TUC zone framework. The remarks also note that a sewer system is in the works, which the owner states may open up additional usage possibilities such as restaurants and a boutique hotel, subject to applicable approvals.
The property address is 19885 7th Street in Bend, Oregon, described in the remarks as located in downtown Tumalo. The current suite mix includes Suite 100 as a retail layout with a back stock area, two bathrooms, and a custom bar with a fireplace. Suite 200 includes a large common area with bark, two bathrooms, four offices, and an 1,100-square-foot conference room. Suite 300 provides a kitchen, bathroom, and office.
The combination of suite-level systems and multiple indoor configurations supports a range of tenant uses within the currently referenced TUC zone framework. The remarks also note that a sewer system is in the works, which the owner states may open up additional usage possibilities such as restaurants and a boutique hotel, subject to applicable approvals.
Local 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 Profile
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 set up for three suites with separate HVAC and electrical for flexible tenant configurations.
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: 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
