Building Details

Year Built 2006

Buildings 4

Listing Agency: Compass Commercial Real Estate Services

Listed By: Kristie Schmitt · License #OR 201219020 Show Phone

Source: Crexi

Added: Jun 5 Changed: Oct 15 Last Checked: Oct 16 at 6:46AM

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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 8,968-square-foot brewery property is arranged for both beverage production and on-site service. The improvements include a taproom, covered patio areas, roll-up doors, dedicated production buildings, and separate areas for manufacturing and storage. Trench and floor drainage, wastewater improvements, and 3-phase electrical service support the operational layout. The property was built in 2006 and occupies 0.66 acres.

Light Industrial (IL) zoning supports the existing brewery configuration and other compatible production-oriented applications identified for the site, including distilling, food and beverage manufacturing, and specialty manufacturing. Brewing and restaurant equipment are available separately.

Key Highlights

• 8,968‑square‑foot facility on 0.66 acres
• Light Industrial (IL) zoning
• Purpose‑built taproom with covered patio areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$271,192

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,423,840 $5.4M

Cap Rate 7%

$3,874,171 $3.9M

Cap Rate 9%

$3,013,244 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,968 SF

Gross rent

$376.7K $42.00/SF

− Vacancy

−$15.1K −$1.68/SF

EGI

$361.6K $40.32/SF

− OpEx

−$90.4K −$10.08/SF

NOI

$271.2K $30.24/SF

Area

Bend, OR

Vacancy

4.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,423,840

Cap Rate 7%

$3,874,171

Cap Rate 9%

$3,013,244

Alternative Uses

Best Use

Specialty Retail

$3.87M

$3.39M – $4.52M (±1% cap)

NOI $271,192 @ 7.0% cap · market cap 7.53%

Second Best

Industrial

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,817 @ 7.0% cap · market cap 2.30%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Bridge 99 Brewery Production Facility Island Brothers Food ... Restaurant

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage Real Estate Agency Nail Salon Barber Shop

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

554

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Brewery - Purpose-built brewery with a taproom, dedicated production buildings, and supporting industrial infrastructure.

Where is this brewery located?

The property is located at 63063 Layton Ave Bend, OR.

What is the asking price?

The asking price for this property is $3,600,000.

What are key features of this property?

This property features: 8,968‑square‑foot facility on 0.66 acres; Light Industrial (IL) zoning; Purpose‑built taproom with covered patio areas