Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    382 Hood Ave Sisters, OR 97759-1620

    • Office buildings
    • 7,200 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0531145
    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

    • Office buildings

    Property Details for 382 Hood Ave

    Year built
    1994
    Lot size
    0.16 lot acres
    Property size
    7,200 SF
    Property type
    Office buildings
    APN
    151009 BA 01300
    APU
    151009BA01300

    Description

    This exceptional commercial property at 382 E Hood Ave in Sisters, Oregon, offers a rare opportunity to lease executive office space in a vibrant downtown location. The building, zoned DC (Downtown Commercial) in Deschutes County, boasts a total of 7,200 square feet and is comprised of two suites. Currently, 1,833 square feet of space is available for lease, divisible into units ranging from a minimum of 383 square feet to a maximum contiguous space of 1,450 square feet. This flexibility makes it ideal for a variety of businesses, from small startups to established firms requiring adaptable workspace. The property is categorized as both retail and office, presenting a unique blend of uses. Ample street parking is available for tenants and their clients, ensuring convenient access. The property's address is 382 E Hood Ave, Sisters, OR 97759. This prime location in the heart of Sisters offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The building's multiple tenancy structure provides a diverse and dynamic atmosphere. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,719,000
      Market price range: $1.45M - $3.01M
      AI Estimate
      $1,719,000
      Market price range: $1.45M - $3.01M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,125,000
      Current use
      AUTO REPAIR, GARAGE
      $2,750,000
      Change: +29% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,745,000
      Change: +29% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,695,000
      Change: +27% Conversion: Easy
      RESTAURANT
      $2,670,000
      Change: +25% Conversion: Moderate
      RETAIL STORES
      $2,480,000
      Change: +16% Conversion: Moderate
      MEDICAL BUILDING
      $2,300,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sisters
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.547
    Latitude
    44.2907
    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
    $9,677
    $0.00
    $0.00
    $834,810
    -
    $216,600
    $1,190,750
    $1,407,350

    Comparable in this City

    • Value Estimation by Request
      1,064 SF

      431 Cascade Ave

      OFFICE BUILDING • 1,064 SF
      431 Cascade Ave, Sisters, OR 97759-1158
      View Details
    • Value Estimation
      $680,000
      3,080 SF

      160 Oak St

      OFFICE BUILDING • 3,080 SF
      160 Oak St, Sisters, OR 97759-1589
      View Details
    • Value Estimation by Request
      0.12 Acres

      352 Main Ave

      OFFICE BUILDING • 0.12 Acres
      352 Main Ave, Sisters, OR 97759-9598
      View Details
    • Value Estimation by Request
      2,072 SF

      Sisters, OR 97759

      OFFICE BUILDING • 2,072 SF
      Sisters, OR 97759
      View Details
    • Value Estimation
      $1,660,000
      7,382 SF

      473 Hood Ave

      OFFICE BUILDING • 7,382 SF
      473 Hood Ave, Sisters, OR 97759-1519
      View Details
    • Value Estimation by Request
      1,512 SF

      392 Main Ave

      OFFICE BUILDING • 1,512 SF
      392 Main Ave, Sisters, OR 97759-0439
      View Details

    Similar Nearby for Sale

    • $2,500,000
      0.71 Acres

      Two-Story Manufacturing and Distribution Building

      Two-story building with manufacturing, distribution, and office space.
      270 E Sun Ranch Dr, Sisters, OR 97759
      View Details
    • $1,675,000
      Pending

      Downtown Sisters Investment Opportunity

      Prime commercial building in Sisters, Oregon with strong tenant mix.
      352 E Hood Ave, Sisters, OR 97759
      View Details
    • $250,000

      Three Creeks Lake Store/Marina

      Store and marina on a 28-acre alpine lake.
      63300 Three Creeks Lake Rd, Sisters, OR 97759
      View Details
    • $329,500
      Pending

      Downtown Sisters Commercial Corner Lot

      Prime commercial lot in downtown Sisters with high visibility.
      180 S Spruce St, Sisters, OR 97759
      View Details
    • Contact for pricing

      Commercial Land in Sisters, Oregon

      Flat, developable commercial land with road frontage on three sides.
      N Spruce St, Sisters, OR 97759
      View Details
    • $435,000
      Pending

      Residential Lot in Buck Run

      Large corner lot near downtown Sisters and National Forest.
      713 E Tyler Ave, Sisters, OR 97759
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr
      35,719 SF

      Modern Industrial Facility in Sisters

      Class A industrial space with offices, warehouse, and clean room.
      275 W Lundgren Mill Dr, Sisters, OR 97759
      View Details
    • $1.20 SF/Yr
      6,000 SF

      Professional Office Space in Sisters

      Professional office space with open layout, private offices, and kitchenette.
      703 N Larch St, Sisters, OR 97759
      View Details
    • $16 SF/Yr
      626 SF

      Office Space in Sisters, Oregon

      Office space available for lease in Sisters, Oregon.
      178 S Elm St, Sisters, OR 97759
      View Details
    • $14 SF/Yr
      6,000 SF

      Sisters Executive Office Space

      Prime Sisters location, 6,000 sq ft office.
      703 Larch St, Sisters, OR 97759
      View Details
    • Sponsored
      New
      Contact for pricing

      OR, Sisters - Fir St

      Discover many ways to work your way in San Antonio Airport
      207 Fir St, Sisters, OR 97759
      View Details
    • $1.25 SF/Yr
      35,719 SF

      Modern Industrial Facility in Sisters

      Versatile industrial facility with climate-controlled space in Sisters, Oregon.
      295 W Lundgren Mill Dr, Sisters, OR 97759
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    382 Hood Ave
    Sisters, OR 97759-1620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.