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    1230 3Rd St Bend, OR 97701

    Sponsored
    For Lease
    $30 SF/Yr

    Prime Bend location, multiple suites available.

    Lot size:
    45,205 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    Unit(s) available at that property

    Space
    First Floor Restaurant
    Size
    3,347 SF
    Rate per SF
    $30
    Space
    A160
    Size
    252 SF
    Rate per SF
    $9,540

    HighLights

    • 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.
    • Close proximity to shops and restaurants on NE 3rd Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Matthew Tompkins Chiropractor R Nyquist Pediatric Dentist Oregon Occupational Safety ... State Government Office Lafferty Amy L Occupational Therapist Bend Lax Shack Sporting Goods Store

    Suggested Use

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

    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

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    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.
    Request Owner's contact information
    1230 3Rd St Bend, OR 97701
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    Bend, OR 97701
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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
    1230 3Rd St Bend, OR 97701
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