477 Greenwood Ave Bend, OR 97701-4607
- Office buildings
- 3,068 SF
- 0.16 lot acres
Current Use by Public Records
- Jim I. Wilkens, DC / Chiropractor
- Cascade Chiropractic Center / Chiropractor / Nutritionist
- Orchard Park Apartments / Apartment Rental Agency
- Vestibular Therapy Specialists / Physical Therapy Clinic
- Smooth Esthetics & Skincare / Facial Spa
Property Details for 477 Greenwood Ave
- Year built
- 1964
- Lot size
- 0.16 lot acres
- Property size
- 3,068 SF
- Property type
- Office buildings
- APN
- 171233 BC 08200
- APU
- 171233BC08200
Description
This exceptional 3,068 square foot medical office building, located at 477 NE Greenwood Avenue in Bend, Oregon, presents a compelling opportunity for both owner-users and investors. Situated on a 0.16-acre lot (6,969.6+/- square feet), this property boasts significant curb appeal and a strategic location. The building features a flexible layout, suitable for single or multi-tenant occupancy, with upper and lower level suites. Individual suites offer private offices, a welcoming reception area, dedicated points of entry, and restrooms. Ample parking is provided with 11 dedicated stalls, four of which are covered. Recent improvements include a new paver patio entry to the lower level. The building's zoning is CL. The tax map/lot number is 1171233BC 08200. Originally constructed in 1964, the building is comprised of Suite A (617+/- RSF) and Suite B (613+/- RSF), with additional square footage on the main street level. Currently, a portion of the building is leased to Cascade Chiropractic, but this lease will terminate upon the sale closing. This property offers a rare blend of location, functionality, and investment potential in the thriving Bend market. The asking price is $977,100.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $715,000
- 6.5%
- $745,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $800,000
- Geo Method
- $815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $760,000
- Retail
- $845,000
- Mixed-Use
- $865,000
- Hospitality
- $800,000
- Educational
- $845,000
- Residential Income
- $725,000
- Energy
- $720,000
- Income-Based Land
- $685,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.299
- Latitude
- 44.0596
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
