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Property profile & analytics
OFF-MARKET Estimated value $12,690,000
Office buildings

1230 3rd St Bend, OR 97701-4331

36,325 SF 1.82 ac lot Built 1974
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US71-0595557
Property summary
AI-generated 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
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Total area 36,325 SF
Lot 1.82 ac (79,279 SF)
APN 171233 BB 07700
UPID US71-0595557
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Matthew Tompkins Alternative Medicine Practice
  • R Nyquist Dental Office
  • Oregon Occupational Safety and Health (Oregon OSHA) State Government Office
  • Lafferty Amy L Physician
  • Bend Lax Shack (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.69M
Blend (final) Blend
$12.69M
Owner & transaction history
Ros LLC · 10 yrs held
Ros LLC
since 2015
7 recorded transactions
2024
Price N/A
2020
Price N/A
2019
Price N/A
2017
Price N/A
2017
Price N/A
2015
$3.0M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $14.7M +27.7%
Auto repair, garage $13.9M +20.8%
Apartment house (5+ units) $13.9M +20.6%
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