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

    1230 3Rd St Bend, OR 97701

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Bend location, multiple suites available.

    Lot size:
    45,205 SF

    Property Features for 1230 3Rd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,205 SF
    Total Rate
    113012.5

    Spaces For Lease

    at 1230 3Rd St, Bend, OR 97701 Contact us
    Unit First Floor Restaurant

    $30 /Mo

    Size
    3,347 SF
    Contact us
    Unit A160

    $9,540 /Mo

    Size
    252 SF
    Contact us

    We can help!

    Listing Contact
    Jay Lyons
    Jay Lyons

    Listing Agency: Compass Commercial Real Estate Services Listing Agent: Jay Lyons

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Red Oaks Square, located at 1230 NE 3rd St in Bend, Oregon (97701), presents a unique investment opportunity in Deschutes County. This multi-tenant commercial property offers a diverse range of spaces suitable for various business needs. The building's total area encompasses 45,205 square feet, currently featuring a low vacancy rate of only 321 square feet. The property is zoned Commercial Limited (CL), allowing for a variety of uses. The existing tenants occupy a mix of office, retail, and restaurant spaces, reflecting the property's versatility. Available spaces range from 252 square feet to 3,347 square feet, providing flexibility for businesses of all sizes. The property's prime location in Bend, Oregon offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. This is an exceptional opportunity to acquire a well-situated commercial property with a proven track record and significant potential for future growth. The property's executive office subtype caters to businesses seeking a professional and prestigious address. With its diverse tenant mix and limited vacancy, Red Oaks Square represents a stable and promising investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Matthew Tompkins Alternative Medicine Practice R Nyquist Dental Office Oregon Occupational Safety ... State Government Office Lafferty Amy L Physician Bend Lax Shack (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3010603
    Latitude
    44.0625915

    Nearby Similar for Lease

    • $1.35 SF/Yr
      163,350 SF

      Bend, OR Industrial Space

      7,759 SF industrial space in South Brinson Business Park.
      20723 Brinson Blvd, Bend, OR 97701
      View Details
    • $2 SF/Yr
      6,160 SF

      Adaptable Retail Space For Rent

      1,800 SF adaptable space ideal for various business types.
      1458 NW College Way, Bend, OR 97703
      View Details
    • $2.00 SF/Yr
      33,915 SF

      Downtown Bend Office Sublease

      Second floor office space in downtown Bend with natural light.
      1000 NW Wall St, Bend, OR 97703
      View Details
    • $2 SF/Yr
      5,894 SF

      Westside Bend Medical Office Space

      Sublease medical office space near OSU Cascades through 2027.
      1715 SW Chandler Ave, Bend, OR 97702
      View Details
    • $2 SF/Yr
      3,532 SF

      Medical Office Space Available

      Class A medical office space for lease in Bend, Oregon.
      1475 SW Chandler Ave, Bend, OR 97702
      View Details
    • $2,300 /Mo
      645 SF

      Office Space Available For Rent

      Office space available for lease in Bend, Oregon.
      225 SW Bond St, Bend, OR 97701
      View Details
    • $2 SF/Yr
      3,265 SF

      Retail Space in Bend, Oregon

      Retail space available for lease in Bend, Oregon.
      50 SW Division St, Bend, OR 97702
      View Details
    • Contact for pricing
      1,829 SF

      Class A Medical Office Space

      Built-out medical office space with ample parking available for rent.
      1140 SW Simpson Ave, Bend, OR 97702
      View Details
    • Contact for pricing
      16,694 SF

      Medical Office Space Available

      Built-out medical office space near St. Charles Hospital.
      1303 NE Cushing Dr, Bend, OR 97701
      View Details
    • $1.70 SF/Yr
      1,739 SF

      Modern Flex Space Available

      State-of-the-art campus with collaboration spaces and extensive parking.
      575 SE 9Th St, Bend, OR 97702
      View Details
    • $1.05 SF/Yr
      9,092 SF

      Bend Midtown Industrial Space Available

      9,166 SF light industrial space in Bend's midtown district.
      1305 SE Armour Rd, Bend, OR 97702
      View Details
    • $1.70 SF/Yr
      387 SF

      Downtown Bend Office Space Available

      Unique office suite in downtown Bend with dedicated parking.
      835 NW Bond St, Bend, OR 97701
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Bend location, multiple suites available.
    Where is this restaurant located?
    The property is located at 1230 3Rd St Bend, OR.
    What is the lease rate?
    The lease rate is $30-$9,540 SF/Yr.
    What are key features of this property?
    This property features: Excellent signage and visibility from NE 3rd Street; traffic counts exceed 23,160 AADT (2022).; Great central Bend location with easy downtown access.; Ample parking available.
    (541) 410-6519 Call to check price and availability
    Request Owner's contact information
    1230 3Rd St Bend, OR 97701
    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.
    1230 3Rd St
    Bend, OR 97701
    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
    1230 3Rd St Bend, OR 97701
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Lyons
    Jay Lyons
    Real Estate License ID: 5414106519
    (541) 410-6519 (541) 848-4048
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!