Fully Leased Office Investment
2500 NE Twin Knolls Dr Bend, OR 97701
New
For Sale
$6,425,000
Fully leased office building on a busy east-side corridor with NNN-lease tenants.
Days on Market5
Property Features for 2500 NE Twin Knolls Dr
General Information
Standard status
Active
Property subtype
Office - General Office
Building Details
Year Built
2007
Listing Agency:
NAI Cascade
(541) 706-9370
Listed By:
Walt Ramage · License #20062408
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 29 at 4:16AM
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 NAI Cascade
Investment Insights
Based on property information with market context.
Situated in NE Bend just off Hwy 20/Greenwood Ave, this fully-leased office investment property offers high visibility along a busy east side commercial corridor. The building has been maintained and professionally managed, with tenants operating under NNN lease structures.
The tenant roster includes organizations such as Bend-La Pine Schools, High Desert ESD, Allstate Insurance, and Woods Ortho, along with additional tenants. Suite sizes are diverse, supporting efficient leasing and long-term flexibility.
Located near Pilot Butte and minutes from Bend’s medical district, the property benefits from convenient access within a well-traveled commercial area. The current rents are described as below-market, providing context for future ownership considerations.
The tenant roster includes organizations such as Bend-La Pine Schools, High Desert ESD, Allstate Insurance, and Woods Ortho, along with additional tenants. Suite sizes are diverse, supporting efficient leasing and long-term flexibility.
Located near Pilot Butte and minutes from Bend’s medical district, the property benefits from convenient access within a well-traveled commercial area. The current rents are described as below-market, providing context for future ownership considerations.
Key Highlights
- Office investment property built in 2007 on a busy east‑side commercial corridor near Hwy 20/Greenwood Ave
- Fully leased with a strong tenant mix including Bend‑La Pine Schools, High Desert ESD, Allstate Insurance, and Woods Ortho
- All tenants operate on NNN leases
Financial Insights For Office B
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 | $514.1k | $20.40 |
| − Vacancy | −$31.6k | −$1.25 |
| EGI | $482.5k | $19.15 |
| − OpEx | −$120.6k | −$4.79 |
| NOI | $361.9k | $14.36 |
25,200 SF · lease $20.40/SF/yr · vacancy 6.14% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.17M
$4.52M – $6.03M
NOI $361,887 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.89M
$9.53M – $12.70M
NOI $762,048 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building on a busy east-side corridor with NNN-lease tenants.
Where is this office building located?
The property is located at 2500 NE Twin Knolls Dr Bend, OR.
What is the asking price?
The asking price for this property is $6,425,000.
What are key features of this property?
This property features: Office investment property built in 2007 on a busy east‑side commercial corridor near Hwy 20/Greenwood Ave; Fully leased with a strong tenant mix including Bend‑La Pine Schools, High Desert ESD, Allstate Insurance, and Woods Ortho; All tenants operate on NNN leases
