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50 Division St Bend, OR 97702-1600

OFF-MARKET Commercial real estate Google Maps
8,881 SF 1.57 ac lot Built 2000
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$4.40M
Range $3.96M – $4.84M (±10%)
Property ID US71-0972739

Property summary

AI-generated overview

This exceptional retail property, located at 50 SW Division Street in Bend, Oregon, offers a fantastic opportunity for businesses seeking high-visibility space in a thriving urban environment. The building, constructed in 1988 and extensively renovated in 2012, boasts a total of 8,816 square feet, with multiple units available for lease. Three spaces are currently vacant, ranging from a minimum of 1,600 square feet to a maximum contiguous space of 3,200 square feet. This flexibility allows for a variety of business models and sizes. The property is zoned Mixed-Use Urban (MU), providing versatility for potential tenants. Ample parking is available with 52 spaces provided for customers and employees. Situated in Deschutes County, with a 97702 zip code, this location benefits from high foot traffic and excellent visibility. The property's modern amenities and convenient location make it an ideal choice for businesses seeking a strong presence in Bend's vibrant commercial landscape. This is a rare opportunity to secure retail space in a desirable area with excellent access and ample parking. Contact us today to learn more about leasing options and explore the possibilities for your business at this prime Bend location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Total area 8,881 SF
Lot 1.57 ac (68,389 SF)
APN 181205 AA 00701
UPID US71-0972739

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Restaurant
  • Restaurant
  • Restaurant
  • Production Facility Brewery & Distillery

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.95M
Blend (final) Blend
$4.40M

Owner & transaction history

since 2022
Last sale
$4.4M
6 recorded transactions
2022
Price N/A
2015
$725,000
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $3.6M +16.0%
Auto repair, garage $3.4M +9.8%
Apartment house (5+ units) $3.4M +9.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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