Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    425 Windy Knolls Dr Bend, OR 97701
    Property profile & analytics

    425 Windy Knolls Dr, Bend, OR 97701

    View on Map
    • Office Spaces
    • 2,025 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Peach Studios East / Tattoo & Piercing Shop
    • El Super Burrito 3 / Restaurant
    • Doozy's / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
    • Samantha Grimm Tattoo / Tattoo & Piercing Shop

    Property Details for 425 Windy Knolls Dr

    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.267
    Latitude
    44.0541

    Comparable in this City

    • Value Estimation by Request
      1,612 SF

      20340 Empire Ave

      Distribution properties
      20340 Empire Ave, Bend, OR 97701
      View Details
    • Value Estimation by Request
      32,105 SF

      2783 Lolo Dr

      Flex space
      2783 Lolo Dr, Bend, OR 97701
      View Details
    • Value Estimation by Request
      10,560 SF

      20759 Brinson Blvd

      Life science properties
      20759 Brinson Blvd, Bend, OR 97701
      View Details
    • Value Estimation by Request
      6,416 SF

      2219 Labiche Ln

      Medical Office Space
      2219 Labiche Ln, Bend, OR 97701
      View Details
    • Value Estimation
      $610,000
      3,840 SF

      63143 Nels Anderson Rd

      OFFICE (GENERAL)
      63143 Nels Anderson Rd, Bend, OR 97701
      View Details
    • Value Estimation
      $3,330,000
      7,866 SF

      63060 Layton Ave

      OFFICE (GENERAL)
      63060 Layton Ave, Bend, OR 97701-3735
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,080 SF

      Bend Warehouse and Flex Space

      Two suites with warehouse, office, and showroom space for sale.
      63820 Clausen Rd, Bend, OR 97701
      View Details
    • Contact for pricing
      1,732 SF

      Retail Space Available For Sale

      Retail space with 1,732 SqFt available for purchase.
      1222 NE 4Th St, Bend, OR 97701
      View Details
    • Contact for pricing
      3,068 SF

      Bend Medical/Office Building For Sale

      Split-level medical/office building with dedicated parking in Bend, Oregon.
      477 NE Greenwood Ave, Bend, OR 97701
      View Details
    • $959,000
      0.28 Acres

      Developed Lots Ready to Build

      Three mixed-residential lots for sale, ready to build.
      62062 Dean Swift Rd, Bend, OR 97701
      View Details
    • $649,000
      1,040 SF

      Turnkey Office Building, Bend, Oregon

      Turnkey office building in central location, ideal for professional services.
      336 NE Norton Ave, Bend, OR 97701
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      63205 Gibson Air Rd, Bend, OR 97701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Industrial Space For Rent

      7,759 SF industrial space in South Brinson Business Park.
      20723 NE Brinson Blvd, Bend, OR 97701
      View Details
    • Contact for pricing

      Bend Flex/Industrial Space Available

      Flex/Industrial space available for lease in Bend, Oregon.
      64415 Strickler Ave, Bend, OR 97701
      View Details
    • $1.00 SF/Yr
      10,440 SF

      Bend Industrial Space For Lease

      7,759 SF industrial space in South Brinson Business Park.
      20723 Brinson Blvd, Bend, OR 97701
      View Details
    • Contact for pricing

      Bend R&D and Light Industrial

      Two-story R&D and light industrial building in Bend's North Brinson.
      20706 NE High Desert Ln, Bend, OR 97701
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space available for rent, 1,500 square feet.
      1420 NE 1St St, Bend, OR 97701
      View Details
    • Contact for pricing
      3,500 SF

      Bend Industrial Flex Space Available

      Industrial flex space for lease in Bend, Oregon.
      63010 Plateau Dr, Bend, OR 97701
      View Details
    Request Owner's contact information
    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.
    425 Windy Knolls Dr
    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
    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

    Thank You for Inquiry
    425 Windy Knolls Dr, Bend, OR, 97701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!