Bend Office Building For
For Sale
Contact for pricing
300 SE Reed Market Rd, Bend, OR 97702
8,561 square foot office building available for purchase.
Property Size8,561 SF
Price / SF$262.82
Days on Market725
Property Features for 300 SE Reed Market Rd
General Information
Standard status
Active
Size
8,561 SF
Total Parking Spaces
40
Property subtype
Office
Zoning
Commercial General (CG)
Building Details
Year Built
1997
Listing Agency:
Compass Commercial Real Estate Services
Listed By:
Russell Huntamer · License #OR 200407143
(541) 383-2444
Source:
Crexi
Added: Oct 26, 2024
Changed: Oct 12
Last Checked: Oct 20 at 7:01PM
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
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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 commercial real estate offering features an 8,561 square foot office building. The property is available for sale.
Key Highlights
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,941
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,458,820
$2.5M
Cap Rate 7%
$1,756,300
$1.8M
Cap Rate 9%
$1,366,011
$1.4M
Market Conditions
NOI Build-Up for 8,561 SF
Gross rent
$174.6K $20.40/SF
− Vacancy
−$10.7K −$1.25/SF
EGI
$163.9K $19.15/SF
− OpEx
−$41.0K −$4.79/SF
NOI
$122.9K $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%
$2,458,820
Cap Rate 7%
$1,756,300
Cap Rate 9%
$1,366,011
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $122,941 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.70M
$3.24M – $4.31M
NOI $258,885 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,141
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - 8,561 square foot office building available for purchase.
Where is this office building located?
The property is located at 300 SE Reed Market Rd Bend, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Built in 1997
