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    296 Columbia St Bend, OR 97702

    Sponsored
    For Sale
    $5,950,000

    Prime Bend location, 100% occupied, strong cash flow.

    Property size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, two-story office building at 296 SW Columbia St, Bend, Oregon, presents a compelling investment opportunity. The 17,000 square foot (15,968 net rentable) property, built in 1996 with varied renovations, is situated on a 1.04-acre lot in the heart of Bend, boasting a high-traffic location near the Old Mill District. Currently 100% occupied by six tenants with a mix of medical and office uses, the building features a grand two-story lobby and shared restrooms on each floor. The Net Lease (NNN) investment offers a 4.90% cap rate with an asking price of $5,950,000 ($350/sq ft). Annual rent bumps of 3% are in place, and most tenants have renewal options. The property includes ample parking (3.2 spaces per 1,000 sq ft) and is zoned MU. This multi-tenant building provides a stable income stream and significant upside potential due to its prime location and strong tenant base. Financial details are available upon request with a non-disclosure agreement. This is a rare opportunity to acquire a high-quality, fully occupied office building in a thriving Oregon market.

    Property Features for 296 Columbia St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    17,000 SF
    Class
    A
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    2

    HighLights

    • $5,950,000 asking price for a Class A, 17,000 square foot office building.
    • Net lease investment opportunity with a 4.90% cap rate.
    • 100% occupancy with six tenants in a multi‑tenant building.
    • Located at 296 SW Columbia St, Bend, OR 97702, on a 1.04‑acre lot.
    • Features 15,968 square feet of net rentable space, with 3.2 parking spaces per 1,000 square feet.
    • Built in 1996, with varying renovation years; includes annual 3% rent bumps and lease renewal options for most tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drishti Bend Mental Health Service Express Employment Professionals Employment Agency Greg O’Neill Attorney Beecher Carlson Insurance ... Insurance Agency Brooks Building LLC Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3266916907
    Latitude
    44.048123018658

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Bend location, 100% occupied, strong cash flow.
    Where is this office property / space located?
    The property is located at 296 Columbia St Bend, OR.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: $5,950,000 asking price for a Class A, 17,000 square foot office building.; Net lease investment opportunity with a 4.90% cap rate.; 100% occupancy with six tenants in a multi-tenant building.
    Request Owner's contact information
    296 Columbia St Bend, OR 97702
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    Bend, OR 97702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    296 Columbia St Bend, OR 97702
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