Executive Office Unit with
For Sale
Contact for pricing
671 NE Greenwood Avenue 3, Bend, OR 97701
Small professional office with a private restroom, dedicated parking, and mixed-use neighborhood zoning.
Property Size480 SF
Days on Market37
Property Features for 671 NE Greenwood Avenue 3
General Information
Standard status
Active
Size
480 SF
Class
Class B
Total Parking Spaces
2
Zoning
MN
Amenities
monument signage
private restroom
baseboard heat
window A/C
Listing Agency:
Strategic Realty LLC
(541) 595-8444
Listed By:
Kerry O'Neal · License #981000098
(541) 948-1745
Source:
Gatewayteam
Added: Sep 14
Changed: Oct 10
Last Checked: Oct 19 at 6:50AM
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 Strategic Realty LLC
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Investment Insights
Based on property information with market context.
This ±480 SF executive office unit at 671 NE Greenwood Avenue, Suite 3, includes a private restroom, standard Class B finishes, baseboard heat, and window A/C. The space is suited to small businesses, independent professionals, or satellite office use, with 2 dedicated off-street parking spaces and additional nearby street parking.
The property fronts one of Bend’s busiest east-west corridors, with exposure to over 20,000 vehicles per day and monument signage. Eastside access supports convenient arrival for occupants and visitors. The property is zoned Mixed-Use Neighborhood (MN).
The property fronts one of Bend’s busiest east-west corridors, with exposure to over 20,000 vehicles per day and monument signage. Eastside access supports convenient arrival for occupants and visitors. The property is zoned Mixed-Use Neighborhood (MN).
Key Highlights
- ±480 SF executive office unit
- Exposure to over 20,000 vehicles per day
- Monument signage along NE Greenwood Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,893
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,860
$137.9K
Cap Rate 7%
$98,471
$98.5K
Cap Rate 9%
$76,589
$76.6K
Market Conditions
NOI Build-Up for 480 SF
Gross rent
$9.8K $20.40/SF
− Vacancy
−$601 −$1.25/SF
EGI
$9.2K $19.15/SF
− OpEx
−$2.3K −$4.79/SF
NOI
$6.9K $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%
$137,860
Cap Rate 7%
$98,471
Cap Rate 9%
$76,589
Alternative Uses
Best Use
Office B
$98.5K
$86.2K – $114.9K
NOI $6,893 @ 7.0% cap · market cap 689,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 1,451,500.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,724
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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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 unit - Small professional office with a private restroom, dedicated parking, and mixed-use neighborhood zoning.
Where is this office unit located?
The property is located at 671 NE Greenwood Avenue 3 Bend, OR.
What are key features of this property?
This property features: ±480 SF executive office unit; Exposure to over 20,000 vehicles per day; Monument signage along NE Greenwood Avenue
