Multi-Tenant Office
For Sale
$3,125,000
Pending
354 Ne Greenwood Avenue, Bend, OR 97701
A professional office property with shared conference space, common areas, and on-site parking.
Property Size14,900 SF
Lot Size0.48 Acres
Days on Market15
Property Features for 354 Ne Greenwood Avenue
General Information
Standard status
Pending
Size
14,900 SF
Total Parking Spaces
34
Lot size
0.48 Acres
Zoning
CL
Additional Details
Highway Access
Yes
Office Units
31
Tenant in Place
Yes
Property Use
Professional Office
Taxes and HOA fees
Annual Taxes
$21,245
Amenities
shared conference facilities
attractive common areas
Carpet,Simulated Wood,Tile
true
1 Common Wall,2+ Common Walls
Public
0.48
Alley Access,Asphalt,Parking Lot
Slab
14900
Building Details
Building Size
14,900 SF
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
Dreams Realty Group, LLC
(541) 475-3030
Listed By:
Jennifer Townsend · License #201215000
(541) 325-1315
Source:
Dreamsrealtygrp
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 31 at 3:55AM
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 Dreams Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 14,900-square-foot office building in Bend contains 31 suites and dates to 1978. Its 0.48-acre site includes 34 parking spaces, shared conference facilities, and common areas. Suite configurations are flexible, and the tenant mix includes wellness, counseling, medical, and professional services. The property is zoned CL.
The address is 354 NE Greenwood Avenue, with access to Downtown Bend, Highway 97, St. Charles Medical Center, shopping, and restaurants. Rent roll and lease documents are available to qualified buyers.
The address is 354 NE Greenwood Avenue, with access to Downtown Bend, Highway 97, St. Charles Medical Center, shopping, and restaurants. Rent roll and lease documents are available to qualified buyers.
Key Highlights
- 31 office suites in a multi‑tenant building
- 14,900 square feet on 0.48 acres
- 34 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,973
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,279,460
$4.3M
Cap Rate 7%
$3,056,757
$3.1M
Cap Rate 9%
$2,377,478
$2.4M
Market Conditions
NOI Build-Up for 14,900 SF
Gross rent
$304.0K $20.40/SF
− Vacancy
−$18.7K −$1.25/SF
EGI
$285.3K $19.15/SF
− OpEx
−$71.3K −$4.79/SF
NOI
$214.0K $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%
$4,279,460
Cap Rate 7%
$3,056,757
Cap Rate 9%
$2,377,478
Alternative Uses
Best Use
Office B
$3.06M
$2.67M – $3.57M
NOI $213,973 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.44M
$5.63M – $7.51M
NOI $450,576 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
31
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,433
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A professional office property with shared conference space, common areas, and on-site parking.
Where is this office building located?
The property is located at 354 Ne Greenwood Avenue Bend, OR.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: 31 office suites in a multi‑tenant building; 14,900 square feet on 0.48 acres; 34 on‑site parking spaces
