Upgraded Laundromat
For Sale
$650,000
734 NE Greenwood Avenue, Bend, OR 97701
Commercial-zoned storefront with updated building systems and equipment at a prominent Bend address.
Property Size1,201 SF
Days on Market140
Property Features for 734 NE Greenwood Avenue
General Information
Standard status
Active
Size
1,201 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$4,687
Building Details
Building Size
1,201 SF
Year Built
1956
Stories
1
Units
1
Listing Agency:
Keller Williams Realty Central Oregon
(541) 585-3760
Listed By:
Wendolyn Cooper · License #200508361
(541) 585-3760
Source:
Allprofessionalsre
Added: Apr 3
Changed: Aug 11
Last Checked: Aug 19 at 3:26PM
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 storefront property at 734 NE Greenwood Avenue in Bend, Oregon, is configured for an established laundromat operation. Constructed in 1956, the building and its equipment have both received recent upgrades. The property is zoned Commercial and includes frontage and accessible positioning along the avenue.
The site is located within an Opportunity Zone, a designation that may be relevant to ownership and redevelopment planning. The laundromat business can be acquired separately from the real estate. The property is also offered as part of a broader portfolio sale, allowing consideration alongside additional properties available from the same offering.
The site is located within an Opportunity Zone, a designation that may be relevant to ownership and redevelopment planning. The laundromat business can be acquired separately from the real estate. The property is also offered as part of a broader portfolio sale, allowing consideration alongside additional properties available from the same offering.
Key Highlights
- Laundromat storefront at 734 NE Greenwood Avenue, Bend, OR 97701
- Building constructed in 1956
- Building and equipment recently upgraded
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
$28,934
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
4.45%
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%
$578,680
$578.7K
Cap Rate 7%
$413,343
$413.3K
Cap Rate 9%
$321,489
$321.5K
Market Conditions
NOI Build-Up for 1,201 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
$43.2K $36.00/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$41.3K $34.42/SF
− OpEx
−$12.4K −$10.32/SF
NOI
$28.9K $24.09/SF
Area
Bend, OR
Vacancy
4.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
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%
$578,680
Cap Rate 7%
$413,343
Cap Rate 9%
$321,489
Alternative Uses
Best Use
Retail
$413.3K
$361.7K – $482.2K
NOI $28,934 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.8K
$454.0K – $605.3K
NOI $36,318 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
156k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 31%
Groceries 24%
Hotels & Casinos 3%
Safeway
Groceries
37,342 visits/mo
0.4 miles
Taco Bell
Dining
21,365 visits/mo
0.5 miles
ARCO
Shops & Services
20,630 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
12,194 visits/mo
0.5 miles
7-Eleven
Shops & Services
10,066 visits/mo
0.0 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gairdin — 50 SE Scott St #2, Bend, OR 97702
- Albertsons - Highway 97 & Revere — 1800 NE 3rd St, Bend, OR 97701
- Autry's 4 Seasons Florist — 759 NE Greenwood Ave #2, Bend, OR 97701
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial-zoned storefront with updated building systems and equipment at a prominent Bend address.
Where is this storefront property located?
The property is located at 734 NE Greenwood Avenue Bend, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Laundromat storefront at 734 NE Greenwood Avenue, Bend, OR 97701; Building constructed in 1956; Building and equipment recently upgraded
