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 Market312
Property Features for 20676 & 20680 Carmen Loop
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Compass Commercial Real Estate Services
Listed By:
Jay Lyons · License OR #5414106519
(541) 410-6519
Source:
Crexi
Added: Jan 6
Changed: Nov 11
Last Checked: Nov 12 at 8:16AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$349,867
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,997,340
$7.0M
Cap Rate 7%
$4,998,100
$5.0M
Cap Rate 9%
$3,887,411
$3.9M
Market Conditions
NOI Build-Up for 25,690 SF
Gross rent
$554.9K $21.60/SF
− Vacancy
−$16.6K −$0.65/SF
EGI
$538.3K $20.95/SF
− OpEx
−$188.4K −$7.33/SF
NOI
$349.9K $13.62/SF
Area
Bend, OR
Vacancy
3.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,997,340
Cap Rate 7%
$4,998,100
Cap Rate 9%
$3,887,411
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 97702, OR
51,161
Population
23,318
Households
2.2
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
103.5 sq mi
ZIP Area
494
Density / Sq Mi
$89,094
Median Household Income
$47,743
Median Earnings
$1,825
Median Rent
$620,600
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Deschutes County, OR
Properties on Market for Flex space in Deschutes County
Vacancy Rate% for Industrial in West region
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).
