Manufacturing Facility With High-Capacity
New
For Sale
$5,999,000
62958 Layton Ave, Bend, OR 97701
Reconfigurable industrial layout supports manufacturing, fabrication, technology, and assembly operations.
Property Size19,716 SF
Days on Market3
Property Features for 62958 Layton Ave
General Information
Standard status
Active
Size
19,716 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Span
Yes
Three-Phase Power
Yes
Building Details
Building Size
19,716 SF
Year Built
2004
Listing Agency:
NAI Cascade
(541) 771-8260
Listed By:
Walt Ramage · License #OR #200602408
(541) 771-8260
Source:
Naiglobal
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 4:05AM
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.
Located at 62958 Layton Ave in Bend, Oregon, this 2004 manufacturing facility is configured for industrial production and related operations. The building offers flexible warehouse areas with removable demising walls, framed openings between bays, distributed HVAC, ceiling fans, and 18-foot clear-span suites. Select warehouse areas feature epoxy flooring, while the structure includes a 6-inch reinforced concrete slab, buyer to verify.
Utility infrastructure includes 208V and 480V three-phase service, 1,200 amps of 208V three-phase power, a 225-amp 480V service supported by a step-up transformer, multiple electrical panels, and high-pressure natural gas service. Five oversized roll-up doors support loading, including 20' x 14', 12' x 14', two 14' x 14', and 12' x 14' openings. Pull-through truck access provides circulation through the warehouse areas.
Utility infrastructure includes 208V and 480V three-phase service, 1,200 amps of 208V three-phase power, a 225-amp 480V service supported by a step-up transformer, multiple electrical panels, and high-pressure natural gas service. Five oversized roll-up doors support loading, including 20' x 14', 12' x 14', two 14' x 14', and 12' x 14' openings. Pull-through truck access provides circulation through the warehouse areas.
Key Highlights
- 1,200 amps of 208V three‑phase power distributed throughout the building
- 225‑amp 480V service via step‑up transformer
- 18‑foot clear‑span space in all suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$221,088
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,421,760
$4.4M
Cap Rate 7%
$3,158,400
$3.2M
Cap Rate 9%
$2,456,533
$2.5M
Market Conditions
NOI Build-Up for 19,716 SF
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.
Gross rent
$267.3K $13.56/SF
− Vacancy
−$7.2K −$0.37/SF
EGI
$260.1K $13.19/SF
− OpEx
−$39.0K −$1.98/SF
NOI
$221.1K $11.21/SF
Area
Bend, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,421,760
Cap Rate 7%
$3,158,400
Cap Rate 9%
$2,456,533
Alternative Uses
Best Use
Warehouse
$3.16M
$2.76M – $3.68M
NOI $221,088 @ 7.0% cap · market cap 3.69%
Second Best
Industrial
$2.60M
$2.28M – $3.03M
NOI $182,073 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$8.52M
$7.45M – $9.94M
NOI $596,212 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Reconfigurable industrial layout supports manufacturing, fabrication, technology, and assembly operations.
Where is this manufacturing property located?
The property is located at 62958 Layton Ave Bend, OR.
What is the asking price?
The asking price for this property is $5,999,000.
What are key features of this property?
This property features: 1,200 amps of 208V three‑phase power distributed throughout the building; 225‑amp 480V service via step‑up transformer; 18‑foot clear‑span space in all suites
