Two-Tenant Mixed-Use
3081 N Highway 97, Bend, OR 97701
For Sale
Contact for pricing
Triple-net leases support the property’s retail and dental occupancy, with monument signage at a signalized intersection.
Property Size4,828 SF
Lot Size0.52 Acres
Price / SF$507.46
Days on Market43
Property Features for 3081 N Highway 97
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Highway Access
Road Access
Mixed-Use Components
Additional Details
Office Units
Tenant in Place
Property Use
Medical Specialty
Amenities
monument signage
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Compass Commercial Real Estate Services
Listed By:
Russell Huntamer · License #OR 200407143
(541) 848-4049
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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.
This 4,828-square-foot mixed-use property on a 0.52-acre lot is fully leased to two tenants: Tucker Family Dental / Dental Wellness of Bend and Hardy’s. The dental suite measures 2,574 square feet and is leased through October 2027, with two additional five-year renewal options. The property also includes a 2,224-square-foot retail suite. Both tenancies are structured as triple-net leases. A recently replaced roof carries a stated 10-year warranty.
Located at 3081 N Highway 97 in Bend, the property has paved on-site parking and monument signage at a lighted intersection. It is zoned CL and has direct exposure along N Highway 97. The indicated capitalization rate is 5.67%.
Located at 3081 N Highway 97 in Bend, the property has paved on-site parking and monument signage at a lighted intersection. It is zoned CL and has direct exposure along N Highway 97. The indicated capitalization rate is 5.67%.
Key Highlights
- Fully leased to two tenants under triple‑net lease structures
- 4,828‑square‑foot building on a 0.52‑acre lot
- Dental suite: 2,574 square feet; leased through October 2027 with two five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,312
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,240
$2.3M
Cap Rate 7%
$1,661,600
$1.7M
Cap Rate 9%
$1,292,356
$1.3M
Market Conditions
NOI Build-Up for 4,828 SF
Gross rent
$173.8K $36.00/SF
− Vacancy
−$7.6K −$1.58/SF
EGI
$166.2K $34.42/SF
− OpEx
−$49.8K −$10.32/SF
NOI
$116.3K $24.09/SF
Area
Bend, OR
Vacancy
4.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,240
Cap Rate 7%
$1,661,600
Cap Rate 9%
$1,292,356
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.94M
NOI $116,312 @ 7.0% cap · market cap 4.75%
Second Best
Healthcare Medical
$1.04M
$908.2K – $1.21M
NOI $72,652 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$2.09M
$1.82M – $2.43M
NOI $145,999 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Triple-net leases support the property’s retail and dental occupancy, with monument signage at a signalized intersection.
Where is this mixed-use property located?
The property is located at 3081 N Highway 97 Bend, OR.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Fully leased to two tenants under triple‑net lease structures; 4,828‑square‑foot building on a 0.52‑acre lot; Dental suite: 2,574 square feet; leased through October 2027 with two five‑year renewal options
