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    63455 Highway 97 Bend, OR 97703

    Sponsored
    For Lease
    $24 SF/Yr

    Bend, OR Retail Opportunity

    Lot size:
    367,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Cascade Village Shopping Center, located in Bend, Oregon, offers a prime retail opportunity within a thriving 367,856 square foot open-air center. Situated at the intersection of Highways 97 and 20, this high-traffic location boasts an impressive 265,000-person trade area encompassing Bend, Redmond, and Sisters. The center enjoys exceptional visibility and accessibility, benefiting from high daily vehicle counts on both highways (44,981 VPD on Hwy 97 and 21,509 VPD on Hwy 20 in 2021). Annual retail sales in this "Golden Triangle" area reach approximately $275 million, solidifying its position as a major retail hub. The center features a diverse mix of established national anchors including Trader Joe's, Best Buy, Ross Dress for Less, Dick's Sporting Goods, PetSmart, Scandinavian Designs, and Cost-Plus World Market. Multiple spaces are available, ranging from 805 to 10,775 square feet, offering flexibility for various retail concepts. A total of 17,217 square feet is currently vacant. The center's attractive design includes a charming village plaza with a water/fire display, serving as a community gathering space and hosting numerous events throughout the year. This unique setting, combined with its strong tenant mix and strategic location, presents a compelling investment opportunity in a dynamic market. The property is located at 63455 N Hwy 97, Bend, OR 97703, in Deschutes County.

    Property Features for 63455 Highway 97

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    367,856 SF
    Total Rate
    735712

    Unit(s) available at that property

    Space
    VS-120
    Size
    10,775 SF
    Rate per SF
    $32
    Space
    VS-40
    Size
    2,614 SF
    Space
    VS-310
    Size
    2,058 SF
    Rate per SF
    $24
    Space
    VS-80
    Size
    965 SF
    Space
    VS 265
    Size
    805 SF

    HighLights

    • Ample parking: 1,612 shared spaces (4.38 per 1,000 square feet).
    • High‑visibility location at the intersection of Highways 97 and 20.
    • Convenient access via signalized intersections from Highways 97 and 20 to Robal Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Best Buy Electronics Store Men's Wearhouse Men'S Clothing Store Open Range Furniture Store Visionworks Cascade Village Optometrist El Rancho Grande ... Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.302277
    Latitude
    44.101301

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    FAQs

    What type of property is this?
    Individual retail property - Bend, OR Retail Opportunity
    Where is this individual retail property located?
    The property is located at 63455 Highway 97 Bend, OR.
    What is the lease rate?
    The lease rate is $0.00-$32 SF/Yr.
    What are key features of this property?
    This property features: Ample parking: 1,612 shared spaces (4.38 per 1,000 square feet).; High-visibility location at the intersection of Highways 97 and 20.; Convenient access via signalized intersections from Highways 97 and 20 to Robal Road.
    Request Owner's contact information
    63455 Highway 97 Bend, OR 97703
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    Bend, OR 97703
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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
    63455 Highway 97 Bend, OR 97703
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