Bend Industrial Building For
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20676 Carmen Loop, Bend, OR 97702
14,200 SF industrial building in Bend's American Loop Industrial Park.
Property Size14,200 SF
Lot Size0.82 Acres
Price / SF$250
Days on Market102
Property Features for 20676 Carmen Loop
General Information
Standard status
Active
Size
14,200 SF
Lot size
0.82 Acres
Property subtype
Industrial
Zoning
Light Industrial (IL)
Investment Type
Owner/User
Building Details
Year Built
2005
Buildings
1
Tenancy
Single
Listing Agency:
Compass Commercial Real Estate Services
(541) 410-6519
Listed By:
Jay Lyons · License #OR 5414106519
Source:
Crexi
Added: May 22
Changed: Aug 25
Last Checked: Aug 31 at 8:55AM
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.
This property features a 14,200 square foot standalone industrial building on 0.82 acres in Bend's American Loop Industrial Park. The property includes warehouse space with upgraded power and multiple grade-level roll-up doors. Fenced yard areas and flexible configurations accommodate a range of light industrial, manufacturing, fabrication, and service-oriented uses. The building is leased through June 30, 2026, providing income with potential for owner-user occupancy or repositioning. With access to SE Reed Market Road, a primary east-west corridor in Bend, the property offers connectivity to U.S. 97, the Bend Airport, and surrounding eastside industrial districts. The site layout supports operations with separation between office and warehouse areas, while the secured yard accommodates equipment storage, fleet parking, and outdoor use. Upon lease expiration, the property is suited for an owner-user seeking control of a centrally located industrial facility in Bend.
Key Highlights
- 14,200 SF standalone industrial building in Bend's American Loop Industrial Park
- Leased through June 30, 2026, providing near‑term income
- Convenient access to SE Reed Market Road, U.S. 97, and Bend Airport
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$159,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,184,680
$3.2M
Cap Rate 7%
$2,274,771
$2.3M
Cap Rate 9%
$1,769,267
$1.8M
Market Conditions
NOI Build-Up for 14,200 SF
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.
Gross rent
$192.6K $13.56/SF
− Vacancy
−$5.2K −$0.37/SF
EGI
$187.3K $13.19/SF
− OpEx
−$28.1K −$1.98/SF
NOI
$159.2K $11.21/SF
Area
Bend, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,184,680
Cap Rate 7%
$2,274,771
Cap Rate 9%
$1,769,267
Alternative Uses
Best Use
Warehouse
$2.27M
$1.99M – $2.65M
NOI $159,234 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.13M
$5.37M – $7.16M
NOI $429,408 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Brosterhous Storage — 61380 Brosterhous Road, Bend, OR 97702
- Reed Market Storage — 20685 SE Reed Market Rd, Bend, OR 97702
- Self Storage Suite — 1080 SE Centennial St, Bend, OR 97702
- US Storage Centers — 345 SE Cleveland Ave, Bend, OR 97702
- Summit Self Storage — 720 SE 9th St, Bend, OR 97702
Frequently Asked Questions
What type of property is this?
Warehouse - 14,200 SF industrial building in Bend's American Loop Industrial Park.
Where is this warehouse located?
The property is located at 20676 Carmen Loop Bend, OR.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 14,200 SF standalone industrial building in Bend's American Loop Industrial Park; Leased through June 30, 2026, providing near‑term income; Convenient access to SE Reed Market Road, U.S. 97, and Bend Airport
