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    Property profile & analytics

    1569 2Nd St Bend, OR 97701

    • Sports & entertainment properties
    • 22,685 SF
    • 0.85 lot acres
    For Lease
    View listing
    Value Estimation
    $2,890,000
    Last Sale
    Apr 30, 2021
    $2,650,000
    Location Intelligence
    Property ID
    US71-0086482
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fitness:1440 Bend / Gym / Personal Trainer

    Property Details for 1569 2Nd St

    Year built
    1977
    Lot size
    0.85 lot acres
    Property size
    22,685 SF
    Property type
    Sports & entertainment properties
    APN
    171232 AA 00100
    APU
    171232AA00100

    Description

    This exceptional 0.85-acre land parcel, situated at 1569 NE 2nd St in Bend, Oregon, presents a unique commercial land lease opportunity. Located within Deschutes County's vibrant Central District, this property is zoned Mixed Employment (ME), offering considerable flexibility for a variety of retail uses. The site boasts a total land area of 0.85 acres, providing ample space for development. Currently, two distinct retail spaces are available for lease, making it ideal for either a single tenant seeking a larger footprint or multiple businesses looking for adjacent locations. The property's address is 1569 NE 2nd St, Bend, OR 97701, offering excellent visibility and accessibility. This prime location within Bend's thriving commercial corridor ensures high foot traffic and strong potential for business success. The Mixed Employment zoning allows for a diverse range of commercial uses, providing significant development options. This is an exceptional chance to establish a presence in a dynamic and rapidly growing area of Bend. Interested parties should inquire about lease terms and conditions. The property's geographic coordinates are 44.0657695 latitude and -121.3046067 longitude.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,965,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,700,000
      7%
      $2,420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,580,000
      Geo Method
      $2,735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,595,000
      Retail
      $2,500,000
      Mixed-Use
      $2,715,000
      Hospitality
      $2,580,000
      Educational
      $2,425,000
      Residential Income
      $2,485,000
      Energy
      $2,230,000
      Income-Based Land
      $2,680,000
      Food Service
      $2,520,000

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.304
    Latitude
    44.0656
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,440
    $0.00
    $0.00
    $653,030
    -
    $966,820
    $478,240
    $1,445,060

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    1569 2Nd St
    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
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