Two-Building Office
909 SE 2nd Street Bend, OR 97702
909 SE 2nd Street, Bend, OR, 97702
$1,150,000
For Sale
$1,150,000
COMMERCIAL - Bend, OR
Property Size3,836 SF
Lot Size0.38 Acres
Price / SF$299.79
Days on Market373
Property Features for 909 SE 2nd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 106667 & 106674
- Size
- 3,836 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11061
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet
- Roof type
- Composition
Listing Agency
RE/MAX Key Properties
(541) 728-0033
42 NW Greenwood Ave., Bend, OR
Listed by
Ryan Amerongen
(541) 213-8967
Added: Jul 10, 2025 Checked: Jul 17 at 7:06 am
MLS# 220205605
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale office portfolio includes two professional office buildings with a combined total of 3,686 square feet across four units. The property is configured as multiple office suites, with two units currently leased and two additional suites ready for occupancy.
The buildings are located at 909 SE 2nd Street in Bend, Oregon (Deschutes County). The seller also indicates that seller financing is available.
With a mix of in-place lease revenue and available space, the property offers an investor-friendly structure within a four-unit office setup.
The buildings are located at 909 SE 2nd Street in Bend, Oregon (Deschutes County). The seller also indicates that seller financing is available.
With a mix of in-place lease revenue and available space, the property offers an investor-friendly structure within a four-unit office setup.
Key Highlights
- Two professional office buildings totaling 3,686 SF across four units
- Two units are leased; two additional suites are available for occupancy
- Year built 1995
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $20.40 |
| − Vacancy | −$4.8k | −$1.25 |
| EGI | $73.4k | $19.15 |
| − OpEx | −$18.4k | −$4.79 |
| NOI | $55.1k | $14.36 |
3,836 SF · lease $20.40/SF/yr · vacancy 6.14% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
welcome to premier dental ...
Dental Office
OSPREY PHYSICAL THERAPY ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Four office units across two buildings, with two currently leased and two suites available for occupancy.
Where is this office units located?
The property is located at 909 SE 2nd Street 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 totaling 3,686 SF across four units; Two units are leased; two additional suites are available for occupancy; Year built 1995
