Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3148 N Hwy 97 Bend, OR 97703

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Regional shopping center in the heart of Bend, Oregon.

    Type:Retail, Restaurant
    Added:
    Sep 27, 2018
    Days on Market:
    2762
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 3148 N Hwy 97

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 3148 N Hwy 97 Contact us

    Suite 106 $2 /Mo

    Size
    1,441 SF
    Type
    Restaurant
    In-line retail by Macy’snEst. at $0.55/SF/Mo.
    Contact us

    We can help!

    Listing Contact
    Emilio Tiscareno
    Emilio Tiscareno

    Listing agent Emilio Tiscareno License #201245391

    Listing office Compass Commercial Real Estate Services

    Listing date Sep 27, 2018

    Source Crexi

    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

    Overview

    Bend River Promenade Retail Space

    The Bend River Promenade is a regional shopping center located in the heart of Bend, Oregon. It offers access and visibility from Highway 97 (Bend Parkway) and Business 97. Situated across the street from the Deschutes River and near two motels, the promenade features a variety of co-tenants, including T.J. Maxx, Hobby Lobby, Natural Grocers, Kohl’s, Macy’s, Verizon, Shari’s, M. Jacobs, Chi Chinese and Sushi Bar, and other local retailers.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • The Workhouse — 50 SE Scott St #6, Bend, OR 97701
    • Coin Cloud Bitcoin ATM — 244 NE Franklin Ave, Bend, OR 97701
    • Coinstar Kiosk | Bitcoin ATM — Safeway, 642 NE 3rd St, Bend, OR 97701
    • Westside Village — 1160 SW Simpson Ave, Bend, OR 97702
    • Box Factory — 550 SW Industrial Way, Bend, OR 97702

    Map

    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3153096
    Latitude
    44.0581728

    Nearby Similar for Lease

    • $2.00/mo

      Turn-Key Office Condo in Bend

      Two-story office condo in the Old Mill District.
      376 SW Bluff Drive, Bend, OR 97702
      View Details
    • $1.00/mo

      Bend Industrial Space For Lease

      7,759 SF industrial space in South Brinson Business Park.
      20723 Brinson Boulevard, Bend, OR 97701
      View Details
    • $2.00/mo

      Downtown Bend Office Sublease

      Second floor office space in the heart of Downtown Bend.
      1000 NW Wall St, Bend, OR 97703
      View Details
    • $1.75/mo

      Bend Flex Space in District

      Flex suite in Bend's Old Mill District for rent.
      150-160 SW Scalehouse Loop, Bend, OR
      View Details
    • $1.70/mo

      Creative Space with Roastery & Club

      State-of-the-art campus with collaboration spaces and extensive parking.
      575 SE 9th St, Bend, OR 97702
      View Details
    • $2/mo

      Westside Bend Medical Office Space

      Sublease medical office space near OSU Cascades through 2027.
      1715 SW Chandler Ave, Bend, OR 97702
      View Details
    • $2/mo

      Adaptable Retail Space For Rent

      1,800 SF adaptable space ideal for various businesses.
      1458 NW College Way, Bend, OR 97703
      View Details
    • $2/mo

      Bend Office Space For Lease

      Refined office space in walkable downtown Bend location.
      701 Northwest Arizona Avenue, Bend, OR 97701
      View Details
    • $2.00/mo

      Downtown Bend Office Sublease

      Second floor office space in downtown Bend with natural light.
      1000 NW Wall St, Bend, OR 97703
      View Details
    • $2/mo

      Adaptable Retail Space For Rent

      1,800 SF adaptable space ideal for various business types.
      1458 NW College Way, Bend, OR 97703
      View Details
    • $38/mo

      Medical Office Space Available

      Built-out medical office space near St. Charles Hospital.
      1303 NE Cushing Dr, Bend, OR
      View Details
    • $12/mo

      Bend Industrial Space with Showroom

      18,435 SF industrial space with showroom and offices.
      20495 Murray Rd, Bend, OR
      View Details

    FAQs

    What type of property is this?
    Shopping center - Regional shopping center in the heart of Bend, Oregon.
    Where is this shopping center located?
    The property is located at 3148 N Hwy 97 Bend, OR.
    What are key features of this property?
    This property features: Excellent access and visibility from Highway 97 and Business 97.; Located in the heart of Bend, Oregon.; Regional shopping center destination.
    (541) 848-4061 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Emilio Tiscareno
    Emilio Tiscareno
    Real Estate License ID: 201245391
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!