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Property profile & analytics
FOR LEASE
Community centers

61334 Highway 97 S Bend, OR 97702

96,800 SF 12.11 ac lot Built 1993
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US71-0263477
Property summary
AI-generated overview

This Deschutes County coworking space, located within the Bend Factory Stores shopping center at 61334 S Hwy 97, offers multiple tenancy options ranging from 1,277 to 7,470 contiguous square feet, with a total of 36,565 square feet currently vacant. The property is part of a thriving retail center attracting over three million annual visitors, generating significant tourism revenue and local spending. This translates to high foot traffic and exposure for businesses. The center boasts a diverse tenant mix including national brands like Carter's, Rack Room Shoes, and GNC, alongside Oregon-based businesses such as Nike, Columbia, and Pendleton, and various local favorites. The location benefits from exceptional visibility and accessibility, situated on S Hwy 97, a major thoroughfare experiencing over 19,200 vehicles per day. Bend's strong economy, with a population exceeding 99,000 and a median disposable income of $82,102, further enhances the property's appeal. The space is ideal for businesses seeking flexible layouts and a prime location within a bustling retail environment. Available spaces are suitable for a variety of uses, making it an attractive option for both established businesses and startups. The property's strategic location and high-traffic environment offer unparalleled opportunities for growth and success.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1993
Total area 96,800 SF
Lot 12.11 ac (527,512 SF)
APN 181208 D0 00900
UPID US71-0263477
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
  • Pendleton Men'S Clothing Store Women'S Clothing Store
  • Nike Factory Store - Bend (Bike/Boat/Book/etc) Store
  • Maurices Clothing & Fashion Store
  • Hoody’s Collectibles (Bend) (Bike/Boat/Book/etc) Store
  • L'eggs Hanes Bali Clothing Store Men'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.31M
Owner & transaction history
Gaylon C Patterson · 4 yrs held
Gaylon C Patterson
since 2022
Last sale
$2.3M
7 recorded transactions
2022
$2.3M
2019
Price N/A
2014
Price N/A
2010
Price N/A
2008
Price N/A
2005
$10.5M
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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