Laundromat Retail
For Sale
$650,000
734 NE Greenwood Avenue, Bend, OR 97701
Recent improvements to the building and equipment support its existing laundromat use.
Property Size1,201 SF
Price / SF$541.22
Days on Market205
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
Amenities
Laminate Counters
Building Details
Building Size
1,201 SF
Year Built
1956
Stories
1
Units
1
Listing Agency:
Keller Williams Realty Central Oregon
Listed By:
Wendolyn Cooper · License #200508361
(541) 585-3760
Source:
Desertskyrealestate
Added: Apr 3
Changed: Oct 23
Last Checked: Oct 23 at 3:57PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property in Bend is configured for laundromat use, with upgrades to the building and equipment. The structure dates to 1956 and carries Commercial zoning. The laundromat business is offered separately from the real estate.
The property is located within an Opportunity Zone and is part of a portfolio offering that includes additional properties.
The property is located within an Opportunity Zone and is part of a portfolio offering that includes additional properties.
Key Highlights
- Laundromat property with recent building and equipment upgrades
- Located within an Opportunity Zone
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,934
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
156k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Recent improvements to the building and equipment support its existing laundromat use.
Where is this retail space 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 property with recent building and equipment upgrades; Located within an Opportunity Zone; Built in 1956
