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    Property profile & analytics

    61400 Hwy 97 Bend, OR 97702-2113

    • Office buildings
    • 5,760 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $1,095,000
    Last Sale
    Dec 29, 2020
    $1,000,000
    Location Intelligence
    Property ID
    US71-0995428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Just Joe's Music / Musical Instrument Rental Service / Musical Instrument Store
    • Jazz at Joe's Mood Indigo / Jazz Club
    • Just Joe's Sax Gel Strap / Novelty Store
    • Bend Spa & Hearth / Hot Tub Store

    Property Details for 61400 Hwy 97

    Year built
    1977
    Lot size
    0.73 lot acres
    Property size
    5,760 SF
    Property type
    Office buildings
    APN
    181208 AC 00901
    APU
    181208AC00901

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,085,000

    • CAP approach

      CAP return
      Estimation
      6%
      $905,000
      6.5%
      $1,045,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,115,000
      Geo Method
      $1,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,145,000
      Retail
      $1,055,000
      Mixed-Use
      $925,000
      Hospitality
      $1,010,000
      Educational
      $980,000
      Residential Income
      $835,000
      Energy
      $1,005,000
      Income-Based Land
      $995,000
      Food Service
      $965,000

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.311
    Latitude
    44.03
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,806
    $0.00
    $0.00
    $488,300
    -
    $1,116,360
    $196,670
    $1,313,030

    Comparable in this City

    • Value Estimation by Request
      5,909 SF

      595 Blf Dr

      OFFICE BUILDING • 5,909 SF
      595 Blf Dr, Bend, OR 97702-1282
      View Details
    • Value Estimation by Request
      20,110 SF

      705 Bonnett Way

      OFFICE BUILDING • 20,110 SF
      705 Bonnett Way, Bend, OR 97702-1046
      View Details
    • Value Estimation by Request
      21,150 SF

      600 Columbia St

      OFFICE BUILDING • 21,150 SF
      600 Columbia St, Bend, OR 97702-1099
      View Details
    • Value Estimation by Request
      23,100 SF

      775 Bonnett Way Ste, Unit 100

      OFFICE BUILDING • 23,100 SF
      775 Bonnett Way Ste, Bend, OR 97702-2080
      View Details
    • Value Estimation by Request
      12,830 SF

      336 Cyber Dr

      OFFICE BUILDING • 12,830 SF
      336 Cyber Dr, Bend, OR 97702-1683
      View Details
    • Value Estimation by Request
      945 SF

      235 Davis Ave

      OFFICE BUILDING • 945 SF
      235 Davis Ave, Bend, OR 97702-1333
      View Details

    Similar Nearby for Sale

    • $3,900,000
      8,837 SF

      Bend Office Building For Sale

      Office building with high visibility and established tenants for sale.
      345 SE 3Rd St, Bend, OR 97702
      View Details
    • $8,225,000
      27,998 SF

      Bend Office Building For Sale

      Office building for sale in Bend, Oregon's Old Mill District.
      650 SW Columbia St, Bend, OR 97702
      View Details
    • $9,518,160
      39,659 SF

      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
      107 SW Columbia St, Bend, OR 97702
      View Details
    • $1,150,000
      0.38 Acres

      Bend Office Investment Opportunity

      Two office buildings in Bend, OR with income potential.
      909 SE 2Nd St, Bend, OR 97702
      View Details
    • $6,000,000
      20,000 SF

      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
      95 SW Columbia St, Bend, OR 97702
      View Details
    • $5,950,000
      17,000 SF

      Bend Office Building Investment

      Prime Bend location, 100% occupied, strong cash flow.
      296 Columbia St, Bend, OR 97702
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      17,000 SF

      Bend Office Suite - Prime Location

      4,133 SF Office Space Available in Bend, OR
      296 Columbia St, Bend, OR 97702
      View Details
    • $2 SF/Yr
      5,894 SF

      Westside Bend Medical Office Space

      Sublease medical office space near OSU Cascades through 2027.
      1715 SW Chandler Ave, Bend, OR 97702
      View Details
    • $18 SF/Yr
      8,561 SF

      Bend Executive Office Space For Lease

      Prestigious Bend office, multiple suites available.
      300 Reed Market Rd, Bend, OR 97702
      View Details
    • $1.75 SF/Yr
      2,636 SF

      Bend Flex Space in District

      Flex suite in Bend's Old Mill District for rent.
      150-160 SW Scalehouse Loop, Bend, OR 97702
      View Details
    • $21 SF/Yr
      88,229 SF

      Bond Street Creative Office Space

      Class A Office, Bend, OR - Multiple Suites Available
      360 Bond St, Bend, OR 97702
      View Details
    • Contact for pricing
      1,829 SF

      Class A Medical Office Space

      Built-out medical office space with ample parking available for rent.
      1140 SW Simpson Ave, Bend, OR 97702
      View Details
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    61400 Hwy 97
    Bend, OR 97702-2113
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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