Property profile & analytics
929 Simpson Ave Bend, OR 97702-3599
- Office buildings
- 38,876 SF
- 2.08 lot acres
OFF-MARKET
Last Sale
Feb 07, 2020
Feb 07, 2020
Value Estimations
$13,240,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0702323
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
- Central Oregon Acupuncture / Medical Clinic / Alternative Medicine Practice
- Alpenglow Dental / Dental Office
- Mary Manfredi, MD / Physician
- inner collective / Medical Clinic
- Carroll Linda R MD / Physician
Property Details for 929 Simpson Ave
- Year built
- 2008
- Lot size
- 2.08 lot acres
- Property size
- 38,876 SF
- Zone code
- GI
- Property type
- Office buildings
- APN
- 181206 A0 00930
- APU
- 181206A000930
Description
This exceptional Class A, 37,902 square-foot medical/creative office building, constructed in 2008, sits on a 2.57-acre lot in Bend's desirable Westside Bend Medical submarket. The building features a striking architectural design, including a double-sided glass entry, high ceilings, and a beautifully landscaped courtyard. Currently, there are two available suites ranging from 2,855 to 7,674 square feet, both boasting high-end finishes, abundant natural light, and efficient layouts. Suite #220, for example, includes a large reception area, multiple private offices (one suitable as a conference room), a sizable kitchen/break area, treatment rooms, and a dedicated copy/computer work area. The building offers 78 parking spaces, including 5 ADA-compliant spots, and is conveniently located near the Old Mill District, providing excellent visibility and access. The property is zoned IL - Industrial with an office overlay, and benefits from a professionally managed and meticulously maintained environment. Common area maintenance (CAM) charges include electricity, gas, water, and sewer. Suite availability is approximately February 15, 2024. The building's prime location and high-quality amenities make it an ideal space for medical practices or other professional businesses. System development charges for general medical use have already been paid.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $13,240,000
- AI Estimate
- $13,240,000
Market price range: $8.97M - $16.3MMarket price range: $8.97M - $16.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $12,285,000 Current use
- RETAIL STORES
- $15,705,000 Change: +28% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $14,860,000 Change: +21% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $14,835,000 Change: +21% Conversion: Easy
- RESTAURANT
- $14,405,000 Change: +17% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $13,535,000 Change: +10% Conversion: Easy
- MEDICAL BUILDING
- $12,405,000 Change: +1% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.324
- Latitude
- 44.0471
- 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
$90,203
$0.00
$0.00
$6,770,270
-
$7,016,250
$8,574,240
$15,590,490
