Bend Industrial Building For
For Sale
Contact for pricing
20680 Carmen Loop, Bend, OR 97702
11,490 SF industrial building with office space in Bend.
Property Size11,490 SF
Lot Size0.50 Acres
Price / SF$250
Days on Market146
Property Features for 20680 Carmen Loop
General Information
Standard status
Active
Size
11,490 SF
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
Light Industrial (IL)
Investment Type
Owner/User
Building Details
Year Built
2005
Stories
2
Tenancy
Single
Listing Agency:
Compass Commercial Real Estate Services
Listed By:
Jay Lyons · License #OR 5414106519
(541) 410-6519
Source:
Crexi
Added: May 22
Changed: Oct 7
Last Checked: Oct 12 at 4:57PM
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 offering features an 11,490 square foot standalone industrial building on 0.50 acres in Bend's American Loop Industrial Park. The property has a flexible layout that includes two open warehouse areas and multiple grade-level roll-up doors. It also features an approximately 3,509 square foot two-story office component with modern finishes, conference space, and a kitchenette. The configuration allows for potential division into multiple suites, which would allow an owner-user to occupy a portion while leasing additional space for income. The building is leased through June 30, 2026, providing near-term income with future owner-user or repositioning potential. With convenient access to SE Reed Market Road, the property offers connectivity to U.S. 97, the Bend Airport, and surrounding eastside industrial districts. The combination of warehouse and office space supports a range of industrial and service users, with on-site parking to accommodate employees and operations. The adjacent property at 20676 Carmen Loop (14,200 SF) on 0.82 acre is also available for sale, offering a potential opportunity to expand into a multi-building industrial campus.
Key Highlights
- 11,490 SF standalone industrial building with flexible layout and two open warehouse areas.
- Leased through June 30, 2026, providing near‑term income with future owner‑user potential.
- Well‑appointed ±3,509 SF two‑story office component with modern finishes, conference space, and kitchenette.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,480
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,600
$3.1M
Cap Rate 7%
$2,235,429
$2.2M
Cap Rate 9%
$1,738,667
$1.7M
Market Conditions
NOI Build-Up for 11,490 SF
Gross rent
$248.2K $21.60/SF
− Vacancy
−$7.4K −$0.65/SF
EGI
$240.7K $20.95/SF
− OpEx
−$84.3K −$7.33/SF
NOI
$156.5K $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%
$3,129,600
Cap Rate 7%
$2,235,429
Cap Rate 9%
$1,738,667
Alternative Uses
Best Use
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,480 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,107 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,458 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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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 - 11,490 SF industrial building with office space in Bend.
Where is this flex space located?
The property is located at 20680 Carmen Loop Bend, OR.
What is the asking price?
The asking price for this property is $2,872,500.
What are key features of this property?
This property features: 11,490 SF standalone industrial building with flexible layout and two open warehouse areas.; Leased through June 30, 2026, providing near‑term income with future owner‑user potential.; Well‑appointed ±3,509 SF two‑story office component with modern finishes, conference space, and kitchenette.
