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    OFF-MARKET Estimated value $31,410,000
    Medical Office Space

    1342 Medical Ctr Dr, Bend, OR 97701-5918

    74,094 SF 3.42 ac lot Built 2004
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US71-1092570
    Property summary
    AI-generated overview

    This exceptional 9,177 square foot Class A medical office space is available for sublease in a prime Bend, Oregon location at 1342 NE Medical Center Drive, zip code 97702. The property is a single-tenant occupancy within a larger medical office building, offering a turnkey solution for expanding or relocating medical practices. The space boasts a highly desirable location in Bend, Oregon, providing easy access for patients and staff. The building itself is a Class A facility, reflecting high-quality construction and modern amenities. This sublease presents a unique opportunity to secure established medical office space without the lengthy build-out process often associated with new construction. The property is ideally suited for a variety of medical specialties, offering ample space for examination rooms, administrative offices, and support areas. The single-tenant occupancy ensures privacy and control over the space. Interested parties are encouraged to inquire for further details and scheduling a viewing. The property is located at 44.063755 latitude and -121.2657394 longitude. This is a single-tenant office space within a larger building. The property type is office, specifically a medical office.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2004
    Total area 74,094 SF
    Lot 3.42 ac (148,975 SF)
    Zoning code GI
    APN 171234 AA 01901
    UPID US71-1092570
    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
    • Michael Lavelle, MD Physician Medical Clinic
    • Gregory J Ferenz DO Physician Medical Clinic
    • Bend Surgery Center Medical Clinic Hospital
    • Rebound Physical Therapy Physician
    • Jeremiah William Lanford Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $31.41M
    Blend (final) Blend
    $31.41M
    Owner & transaction history
    Bend Surgical Specialists LLC · 6 yrs held
    Bend Surgical Specialists LLC
    since 2020
    7 recorded transactions
    2021
    2020
    2019
    2019
    2005
    2004
    $1.6M
    1969
    Zoning & alternative use
    GI · Bend, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $29.9M +26.6%
    Auto repair, garage $28.3M +19.8%
    Apartment house (5+ units) $28.3M +19.6%
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