Bend Industrial Buildings For
20676 & 20680 Carmen Loop Bend, OR 97702
For Sale
Contact for pricing
Two industrial buildings totaling 25,690 SF on 1.32 acres.
Property Size25,690 SF
Lot Size1.32 Acres
Price / SF$250
Days on Market205
Property Features for 20676 & 20680 Carmen Loop
General Information
Standard status
Active
Size
25,690 SF
Lot size
1.32 Acres
Property subtype
Industrial
Building Details
Year Built
2005
Listing Agency:
Compass Commercial Real Estate Services
(541) 410-6519
Listed By:
Jay Lyons · License #OR 5414106519
Source:
Crexi
Added: Jan 6
Changed: Jul 6
Last Checked: Jul 29 at 6:42AM
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 Compass Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The property features two standalone industrial buildings situated on separate tax lots, totaling approximately 1.32 acres within Bend’s American Loop Industrial Park. The combined area of the buildings is 25,690 square feet, offering functional space equipped with upgraded power and multiple grade-level roll-up doors. Secure, fenced yard areas and flexible warehouse configurations are suitable for light industrial, manufacturing, fabrication, or service-oriented businesses. Both buildings are leased through June 30, 2026. The location provides convenient access to SE Reed Market Road, a primary east-west corridor in Bend, offering connectivity to U.S. 97, the Bend Airport, and other eastside industrial areas. The two-building configuration allows for operational separation between office, warehouse, and production functions. A secured perimeter and ample yard space can accommodate equipment, fleet parking, and outside storage. The site is suitable for an owner-user seeking long-term control of a unified industrial campus in a centrally located Bend submarket.
Key Highlights
- Two standalone industrial buildings totaling 25,690 SF on ±1.32 acres.
- Leased through June 30, 2026, providing short‑term income.
- Excellent connectivity to major transportation routes (SE Reed Market Road, U.S. 97, Bend Airport).
Financial Insights For Flex RnD
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 | $554.9k | $21.60 |
| − Vacancy | −$16.6k | −$0.65 |
| EGI | $538.3k | $20.95 |
| − OpEx | −$188.4k | −$7.33 |
| NOI | $349.9k | $13.62 |
25,690 SF · lease $21.60/SF/yr · vacancy 3.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$5.00M
$4.37M – $5.83M
NOI $349,867 @ 7.0% cap · market cap 5.45%
Second Best
Warehouse
$4.12M
$3.60M – $4.80M
NOI $288,079 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$11.10M
$9.71M – $12.95M
NOI $776,866 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Korean Food by All Elements — 1177 SE 9th St, Bend, OR 97702
Frequently Asked Questions
What type of property is this?
Flex space - Two industrial buildings totaling 25,690 SF on 1.32 acres.
Where is this flex space located?
The property is located at 20676 & 20680 Carmen Loop Bend, OR.
What is the asking price?
The asking price for this property is $6,422,500.
What are key features of this property?
This property features: Two standalone industrial buildings totaling 25,690 SF on ±1.32 acres.; Leased through June 30, 2026, providing short‑term income.; Excellent connectivity to major transportation routes (SE Reed Market Road, U.S. 97, Bend Airport).
