Multi-Tenant Retail
407 SE 3rd Street Bend, OR 97702
407 SE 3rd Street, Bend, OR, 97702
$1,800,000
For Sale
$1,800,000
4,310 sq ft retail building anchored by a laundromat and Dr. Jolly's Dispensary, with additional development room.
Property Size4,310 SF
Price / SF$417.63
Days on Market133
Property Features for 407 SE 3rd Street
General Information
- Standard status
- Active
- Size
- 4,310 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing agency
Keller Williams Realty Central Oregon
(541) 350-9020
Listed by
Wendolyn Cooper · License #200508361
(541) 350-9020
Source
Xome
Added: Mar 12 Updated: Jul 22 at 12:42AM Checked: Jul 22 at 12:42AM
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 Keller Williams Realty Central Oregon
Investment Insights
Based on property information with market context.
This 4,310 sq ft commercial retail building offers diversified tenancy with two established anchors: a laundromat on one side and Dr. Jolly's Dispensary on the other. The property includes additional space for development, providing flexibility for expansion or repositioning.
The site is described as being in a high-visibility area with consistent exposure and accessibility. It also notes availability of additional properties within the same portfolio.
Overall, the building combines existing, income-generating anchors with an opportunity to add future development scope on-site.
The site is described as being in a high-visibility area with consistent exposure and accessibility. It also notes availability of additional properties within the same portfolio.
Overall, the building combines existing, income-generating anchors with an opportunity to add future development scope on-site.
Key Highlights
- 4,310 sq ft commercial building anchored by a laundromat and Dr. Jolly's Dispensary
- Corner lot with ground level unit and access on a paved road
- Asphalt lot parking included
Local Financial Insights For Retail
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 | $155.2k | $36.00 |
| − Vacancy | −$6.8k | −$1.58 |
| EGI | $148.3k | $34.42 |
| − OpEx | −$44.5k | −$10.32 |
| NOI | $103.8k | $24.09 |
4,310 SF · lease $36.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,833 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,334 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Express Eco Laundromat
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 4,310 sq ft retail building anchored by a laundromat and Dr. Jolly's Dispensary, with additional development room.
Where is this retail space located?
The property is located at 407 SE 3rd Street Bend, OR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,310 sq ft commercial building anchored by a laundromat and Dr. Jolly's Dispensary; Corner lot with ground level unit and access on a paved road; Asphalt lot parking included
