Listing Agency: Duke Warner Realty ERA Powered k***@dukewarner.com Show Phone

Listed By: Carolyn K. Emick Show Phone

Source: Exprealty

Added: May 27 Changed: Oct 19 Last Checked: Oct 21 at 1:53AM

Report an Issue

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 Duke Warner Realty ERA Powered

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Well-maintained professional office building on a corner lot with fresh paint and recent upgrades throughout. The space totals 1,676 square feet of usable office area and includes a welcoming lobby, a kitchen area, two cubicles, four private offices, and a conference room that can serve as an additional office. Standard office finishes are in place, and the building is presented as an affordable option for an owner-occupant or investor.

The property is located on NE Division with high drive-by visibility, easy access, and abundant parking. Zoned Deschutes CL Commercial Limited, it offers long-term continuity with a tenant currently in place; the long-term tenant is retiring at the end of October 2026 after approximately 26 years.

This is the first time the property has been listed for sale, and it is described as priced to sell.

Key Highlights

• 1,676 SF office building on a corner lot with a lobby and standard office finishes
• Layout includes two cubicles, four private offices, a conference room (could be used as an office), and a kitchen area
• Recently upgraded and freshly painted throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,068

Cap Rate

3.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$481,360 $481.4K

Cap Rate 7%

$343,829 $343.8K

Cap Rate 9%

$267,422 $267.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,676 SF

Gross rent

$34.2K $20.40/SF

− Vacancy

−$2.1K −$1.25/SF

EGI

$32.1K $19.15/SF

− OpEx

−$8.0K −$4.79/SF

NOI

$24.1K $14.36/SF

Area

Bend, OR

Vacancy

6.14%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$481,360

Cap Rate 7%

$343,829

Cap Rate 9%

$267,422

Alternative Uses

Best Use

Office B

$343.8K

$300.9K – $401.1K (±1% cap)

NOI $24,068 @ 7.0% cap · market cap 3.01%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$724.0K

$633.5K – $844.7K (±1% cap)

NOI $50,682 @ 7.0% cap · market cap 6.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Hogue Accountancy, CPA, ... Tax Preparation Willamette Financial Group Financial Advisor

Suggested Use

Top Pick Parking Lot & Garage Garden Center Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,029

Businesses Nearby

Explore this area Business Placement

Demographics for 97701, OR

42,159

Population

19,020

Households

2.2

Avg Household Size

38

Median Age

42%

College-Educated

94%

High-School Grad

311.8 sq mi

ZIP Area

135

Density / Sq Mi

$77,969

Median Household Income

$47,431

Median Earnings

$1,700

Median Rent

$567,800

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Two-Building Office Property

909 Se 2nd St, Bend, OR 97702

$1,150,000

3,836 SF

View details

Single-Story Office Building

23 NW Greenwood Avenue, Bend, OR 97703

$1,455,000

4,100 SF

View details

Bend Medical/Office Building For Sale

477 NE Greenwood Ave, Bend, OR

Contact for pricing

3,068 SF

View details

Fully Leased Office Investment Property

2500 NE Twin Knolls Dr, Bend, OR 97701

$6,425,000

View details

Bend Office Building For Sale

300 SE Reed Market Rd, Bend, OR 97702

Contact for pricing

8,561 SF

View details

Fully Leased NNN Property

255 SW Bluff Dr, Bend, OR 97702

Contact for pricing

View details

Two-Unit Duplex with Garages

1023 NE Watt Way, Bend, OR 97701

$595,000

1,784 SF

View details

Two-Unit Duplex with Garages

1015 NE Watt Way, Bend, OR 97701

$595,000

1,784 SF

View details

Two-Unit Duplex with Updated Appliances

726 NE SAVANNAH Dr, Bend, OR 97701

$629,000

1,988 SF

View details

Duplex with Detached ADU

61071 Chuckanut Drive, Bend, OR 97702

$660,000

2,290 SF

View details

Upgraded Retail Building

734 NE Greenwood Avenue, Bend, OR 97701

$650,000

1,201 SF

View details

Tenant-Occupied Duplex with Garages

2074 NE Chanel Court, Bend, OR 97701

$649,000

2,376 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Well-maintained office building with updated finishes, a lobby, and multiple private offices on a corner lot.

Where is this office building located?

The property is located at 2514 Ne Division St Bend, OR.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 1,676 SF office building on a corner lot with a lobby and standard office finishes; Layout includes two cubicles, four private offices, a conference room (could be used as an office), and a kitchen area; Recently upgraded and freshly painted throughout