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    FOR SALE
    Office buildings

    477 NE Greenwood Ave, Bend, OR 97701

    3,068 SF 0.16 ac lot Built 1964
    Individually Owned ~ Est. High Equity
    Property ID
    US71-0393549
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1964
    Total area 3,068 SF
    Lot 0.16 ac (6,970 SF)
    APN 171233 BC 08200
    UPID US71-0393549
    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
    • Jim I. Wilkens, DC Alternative Medicine Practice
    • Cascade Chiropractic Center Alternative Medicine Practice
    • Orchard Park Apartments Real Estate Agency
    • Vestibular Therapy Specialists Medical Clinic
    • Smooth Esthetics & Skincare Spa & Massage Center Skin Care Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $780k
    CAP Approach CAP
    $725k
    Comparable Approach Comparable
    $721k
    Blend (final) Blend
    $780k
    Owner & transaction history
    Kimberly Nguyen
    Kimberly Nguyen
    since 2025
    Last sale
    $875,000
    4 recorded transactions
    2025
    $875,000
    2024
    $780,000
    2024
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.2M +27.7%
    Auto repair, garage $1.2M +20.8%
    Commercial (general) $1.1M +10.0%
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    More about this property
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