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    Property profile & analytics

    17355 Spring River Rd Bend, OR 97707

    • Grocery and convenience stores
    • 5,742 SF
    • 0.51 lot acres
    For Lease
    View listing
    $1.32 SF/Yr
    Last Sale
    Feb 13, 2024
    $1,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0040798
    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

    • The Basecamp Grill / American Restaurant
    • Summit Xpress / Convenience Store
    • Cardtronics ATM / Atm

    Property Details for 17355 Spring River Rd

    Year built
    2000
    Lot size
    0.51 lot acres
    Property size
    5,742 SF
    Property type
    Grocery and convenience stores
    APN
    201107 B0 00107
    APU
    201107B000107

    Description

    Spring River Plaza, located at 17355 Spring River Rd, Bend, OR 97707, presents a unique commercial opportunity. This 5,742 square foot building, situated on one acre of land and built in 1960, offers flexible spaces ideal for various business types. The property is zoned Rural Commercial and enjoys high visibility on Spring River Road, serving as a key location for traffic to and from Mt. Bachelor and Sunriver. The building features three suites, with a minimum divisible space of 350 square feet and a maximum contiguous space of 1,900 square feet. An upstairs area of approximately 2,000 square feet, accessible via a locked entrance, provides ample space for customization, suitable for private offices or a co-working environment. Additionally, a substantial 5,440 square feet of secured outdoor space, enclosed by a cyclone fence, offers potential for storage, equipment display, or other business uses. The property benefits from strong existing tenants and a location surrounded by established subdivisions, ensuring consistent foot traffic. This versatile property is perfect for businesses seeking to capitalize on the growing market in this desirable area near Sunriver. The cross street is Lunar Dr.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,830,000
      OFFICE BUILDING
      $1,800,000
      WAREHOUSE, STORAGE
      $1,350,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.458
    Latitude
    43.8626
    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
    $5,521
    $0.00
    $0.00
    $315,750
    -
    $134,500
    $183,320
    $317,820

    Comparable in this City

    • Value Estimation
      $685,000
      3,072 SF

      17377 Spg Riv Rd

      STORE, RETAIL OUTLET • 3,072 SF
      17377 Spg Riv Rd, Bend, OR 97707-2132
      View Details
    • Value Estimation
      $2,915,000
      8,280 SF

      56825 Venture Ln

      STORE, RETAIL OUTLET • 8,280 SF
      56825 Venture Ln, Sunriver, OR 97707-2160
      View Details
    • Value Estimation
      $3,475,000
      9,443 SF

      56810 Venture Ln

      STORE, RETAIL OUTLET • 9,443 SF
      56810 Venture Ln, Sunriver, OR 97707-2100
      View Details
    • Value Estimation by Request
      15,700 SF

      57100 Beaver Dr

      STORE, RETAIL OUTLET • 15,700 SF
      57100 Beaver Dr, Sunriver, OR 97707
      View Details
    • Value Estimation
      $4,460,000
      11,625 SF

      18160 Cottonwood Rd

      STORE, RETAIL OUTLET • 11,625 SF
      18160 Cottonwood Rd, Sunriver, OR 97707-9317
      View Details
    • Value Estimation by Request
      1,890 SF

      17697 Pinnacle Ln

      FINANCIAL BUILDING • 1,890 SF
      17697 Pinnacle Ln, Sunriver, OR 97707
      View Details

    Similar Nearby for Sale

    • $152,500
      1.42 Acres

      Residential Lot with Mountain Views

      Vacant lot near La Pine and Sunriver with mountain views.
      54735 Huntington Rd, Bend, OR 97707
      View Details
    • $389,000
      0.34 Acres

      Caldera Springs Residential Homesite

      Homesite in Caldera Springs with access to amenities and natural beauty.
      56468 Elk Run Dr, Bend, OR 97707
      View Details
    • $199,000
      0.19 Acres

      Residential Lots in River Meadows

      Homesite in River Meadows community, close to Bend and Mt. Bachelor.
      55568 Wagon Master Way, Bend, OR 97707
      View Details
    • $335,000
      0.59 Acres

      Bend, Oregon Recreational Land

      Half-acre recreational land near Sunriver, Caldera Springs, and Crosswater.
      17095 Bakersfield Rd, Bend, OR 97707
      View Details
    • $97,900
      0.45 Acres

      Recreational Land Near Deschutes River

      Recreational lot near Deschutes River with association amenities.
      2300 Guss Way, Bend, OR 97707
      View Details
    • $589,000
      Pending

      Sunriver Residential Lot Opportunity

      Residential lot in desirable Sunriver neighborhood, close to recreation.
      57712 Whistling Swan Ln, Bend, OR 97707
      View Details
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    17355 Spring River Rd
    Bend, OR 97707
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    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
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