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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Commercial real estate
50 Division St Bend, OR 97702-1600
Entity Owned
4-yr Hold
~
Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Tin Pig Take-out & Catering Restaurant
-
El Sancho Taco Shack Restaurant
-
Blind Tiger Pizza Restaurant
-
Crux Fermentation Project 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
50 Sw Division LLC · 4 yrs held
50 Sw Division LLC
since 2022
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bend submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,090,000
Current use
RETAIL STORES
$3,585,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,395,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,390,000
Change: +10% · Conversion: Moderate
RESTAURANT
$3,290,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$2,835,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$2,805,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Dec 23 2024)
Last sale anchor
$4.40M
Dec 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$495 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,255
Tax year 2023
Assessed value
$1,653,970
Assessed 2023
Previous assessed
$1,559,040
+6.1% YoY
Effective rate
1.47%
On assessed value
Land market value
$1,899,850
Improvement market value
$2,602,320
Total market value
$4,502,170
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Heating
NONE
Total area
8,881 SF
Lot
1.57 ac (68,389 SF)
APN
181205 AA 00701
UPID
US71-0972739
Jurisdiction
DESCHUTES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
RESTAURANT
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
1.57 ac
Current owner
From public records · entity-resolved
50 Sw Division LLC
Entity
Mailing address
63065 18TH ST, BEND, OR 97701-9981
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
50 Sw Division LLC
856 Brewing Company LLC
Bargain And Sale Deed
$1,448,000 · Umpqua Bank
Dec 15, 2015
$725,000
856 Brewing Company LLC
David Winton Beezley
Warranty Deed
$457,500 · Umpqua Bank
Dec 15, 2015
—
David Beezley
856 Brewing Co LLC
Grant Deed
—
—
—
David W Beezley
—
Deed Of Trust
related
$475,000 · Community First Bank
—
—
856 Brewing Co LLC
—
Loan Modification
related
$1,528,000 · Umpqua Bk
—
—
856 Brewing Co LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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