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Property profile & analytics
OFF-MARKET Estimated value $2,160,000
Office buildings

1404 3rd St Bend, OR 97701-4278

7,544 SF 0.3 ac lot Built 1979
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US71-0442714
Property summary
AI-generated overview

This 7,544 square foot, Class B retail/office building at 1404 NE Third Street in Bend, Oregon, presents a unique opportunity. Situated on a 0.3-acre lot, this two-story building, constructed in 1979 and renovated in 2022, offers multiple tenancy options with a minimum divisible space of 720 square feet and a maximum contiguous space of 720 square feet. The property boasts 24 total parking spaces, conveniently located both in front and rear of the building for client and tenant use. Access is available from both NE Third Street and Norton Street. The interior features a large reception area, two private rooms suitable for offices or treatment spaces, a smaller treatment or changing room, a wet bar, and an in-suite restroom. New flooring and paint enhance the updated space. The building is zoned CL and benefits from prominent signage opportunities, taking advantage of high traffic counts on Third Street. Note that there is no elevator. Available February 1, 2025.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 7,544 SF
Lot 0.3 ac (13,068 SF)
APN 171233 BB 02900
UPID US71-0442714
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
  • Results Imagery, Inc. Photography Service (Bike/Boat/Book/etc) Store
  • 9 Round Fitness Gym & Fitness Center
  • Gente Bonita Barber Shop Barber Shop
  • Soba Main Office Association Or Organization Restaurant
  • Krissllovenails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.16M
Owner & transaction history
1404 Properties LLC · 12 yrs held
1404 Properties LLC
since 2013
6 recorded transactions
2019
Price N/A
2013
$890,000
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.0M +27.7%
Auto repair, garage $2.9M +20.8%
Apartment house (5+ units) $2.9M +20.6%
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