Two-Building Office
For Sale
$1,150,000
909 Se 2nd St, Bend, OR 97702
Professional office asset combining leased occupancy with suites available for new tenants.
Property Size3,836 SF
Price / SF$299.79
Days on Market195
Property Features for 909 Se 2nd St
General Information
Standard status
Active
Size
3,836 SF
Property subtype
Commercial
Additional Details
Office Units
4
Building Details
Year Built
1995
Buildings
2
Listing Agency:
RE/MAX Key Properties
Listed By:
Ryan Amerongen (541)213-8967 · License #OR 201209792
(541) 728-0033
Source:
Portlandoregonhomelistings
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 12 at 7:51PM
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 RE/MAX Key Properties
Investment Insights
Based on property information with market context.
This office property comprises two professional buildings with a combined 3,686 square feet of space arranged across four units. Built in 1995, the asset includes a mix of occupied and available office space, providing both existing tenancy and suites ready for occupancy.
Located at 909 & 925 SE 2nd St. in Bend, Oregon, the property offers a multi-building office configuration within an established commercial setting. Two units are leased, while the remaining two suites are available for occupancy.
Located at 909 & 925 SE 2nd St. in Bend, Oregon, the property offers a multi-building office configuration within an established commercial setting. Two units are leased, while the remaining two suites are available for occupancy.
Key Highlights
- Two professional office buildings at 909 & 925 SE 2nd St., Bend, OR 97702
- 3,686 square feet across four office units
- Two units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,087
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,740
$1.1M
Cap Rate 7%
$786,957
$787.0K
Cap Rate 9%
$612,078
$612.1K
Market Conditions
NOI Build-Up for 3,836 SF
Gross rent
$78.3K $20.40/SF
− Vacancy
−$4.8K −$1.25/SF
EGI
$73.4K $19.15/SF
− OpEx
−$18.4K −$4.79/SF
NOI
$55.1K $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%
$1,101,740
Cap Rate 7%
$786,957
Cap Rate 9%
$612,078
Alternative Uses
Best Use
Office B
$787.0K
$688.6K – $918.1K
NOI $55,087 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $116,001 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 97702, OR
51,161
Population
23,318
Households
2.2
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
103.5 sq mi
ZIP Area
494
Density / Sq Mi
$89,094
Median Household Income
$47,743
Median Earnings
$1,825
Median Rent
$620,600
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Professional office asset combining leased occupancy with suites available for new tenants.
Where is this office building located?
The property is located at 909 Se 2nd St Bend, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two professional office buildings at 909 & 925 SE 2nd St., Bend, OR 97702; 3,686 square feet across four office units; Two units currently leased
