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Property profile & analytics
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
Price N/A
2019
Price N/A
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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