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    61510 American Ln Bend, OR 97702-9793
    Property profile & analytics

    61510 American Ln Bend, OR 97702-9793

    View on Map
    • Warehouses
    • 11,250 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Apr 16, 2024
    $2,300,000
    Property ID
    US71-0359992
    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.
    Value Estimations
    $2,300,000
    Show details
    Cap Rate Potential
    5.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • EarthCruiser Overland Vehicles / Industrial Manufacturer / Production Facility

    Property Details for 61510 American Ln

    Year built
    1997
    Lot size
    1.00 lot acres
    Property size
    11,250 SF
    Property type
    Warehouses
    APN
    181209 AB 00402
    APU
    181209AB00402

    Description

    This 16,534-square-foot industrial complex in Bend, Oregon, offers a rare opportunity to lease a versatile space. Located at 61510 American Ln, 97702, this single-story building features five separate suites, ranging in size from 3,000 to 5,200 square feet, with the option to lease the entire facility. The property boasts a desirable location in the SE Bend Industrial submarket, offering excellent visibility and access to major transportation arteries, including the Bend Parkway and Highway 97. Key features include a dock-high loading door with a 14' roll-up door, four drive-in doors, 14'-24' ceiling heights, three-phase 480v power, and ample on-site parking. The building also includes multiple restrooms, office spaces, classrooms, lunchrooms/breakrooms, and storage areas. Manufacturing uses are permitted, with SDC fees paid for most suites. An added benefit is an outside fenced storage yard. The property is zoned IL-Light Industrial and sits on one acre of land. Suite-specific power details are available upon request. Lease incentives are available for qualified tenants. This property is ideal for businesses seeking a flexible and well-equipped industrial space in a prime Bend location. Contact us today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,300,000
      ML approach
      $2,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,105,000
      6.5%
      $1,940,000
      7%
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,804,000
      Market price range: $1.91M - $4.11M
      AI Estimate
      $2,804,000
      Market price range: $1.91M - $4.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,760,000
      Current use
      MEDICAL BUILDING
      $3,590,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $3,555,000
      Change: +29% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.291
    Latitude
    44.0335
    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
    $15,529
    $0.00
    $0.00
    $971,370
    -
    $828,210
    $1,857,770
    $2,685,980

    Comparable in this City

    • Value Estimation
      $6,395,000
      29,900 SF

      1100 9th St

      WAREHOUSE, STORAGE • 29,900 SF
      1100 9th St, Bend, OR 97702-2246
      View Details
    • Value Estimation
      $3,970,000
      12,206 SF

      61520 American Ln

      WAREHOUSE, STORAGE • 12,206 SF
      61520 American Ln, Bend, OR 97702-9403
      View Details
    • Value Estimation
      $2,860,000
      11,536 SF

      61572 American Loop

      WAREHOUSE, STORAGE • 11,536 SF
      61572 American Loop, Bend, OR 97702-9406
      View Details
    • Value Estimation
      $3,630,000
      20,000 SF

      115 Columbia St

      WAREHOUSE, STORAGE • 20,000 SF
      115 Columbia St, Bend, OR 97702-1014
      View Details
    • Value Estimation
      $790,000
      4,000 SF

      340 Dell Ln

      WAREHOUSE, STORAGE • 4,000 SF
      340 Dell Ln, Bend, OR 97702-1638
      View Details
    • Value Estimation
      $1,725,000
      10,132 SF

      689 Glenwood Dr

      WAREHOUSE, STORAGE • 10,132 SF
      689 Glenwood Dr, Bend, OR 97702-1445
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,690 SF

      Bend Industrial Buildings For Sale

      Two industrial buildings totaling 25,690 SF on 1.32 acres.
      20676 Carmen Loop, Bend, OR 97702
      View Details
    • $6,000,000

      Westside Property with Redevelopment Potential

      Westside property suitable for owner/user, investment, or redevelopment.
      95 SW Columbia St, Bend, OR 97702
      View Details
    • $1,550,000

      Industrial Property on Wilson Street

      Fully leased industrial building with income through 2026.
      625 SE 9Th St, Bend, OR 97702
      View Details
    • $8,995,000
      39,659 SF

      Westside Property with Development Potential

      Westside property suitable for owner/user, investment, or development.
      107 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

    • New
      $1.00 SF/Yr
      8,000 SF

      Bend Warehouse Spaces For Lease

      Warehouse spaces in central Bend location with flexible uses.
      45 SE Bridgeford Blvd, 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
    • $1.10 SF/Yr
      5,500 SF

      Bend Warehouse Space Available

      5,500 SF warehouse space for lease in Bend, Oregon.
      1064 SE Paiute Way, Bend, OR 97702
      View Details
    • $1.05 SF/Yr
      9,000 SF

      Bend Flex Space For Lease

      9,000 SF flex space available for lease in Bend, Oregon.
      635 SE Business Way, Bend, OR 97702
      View Details
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    Bend, OR 97702-9793
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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