Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bend, OR 97701

    • Apartment buildings
    • 45,014 SF
    OFF-MARKET
    Value Estimations
    $17,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1474001
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details

    Year built
    2021
    Property size
    45,014 SF
    Property type
    Apartment buildings
    APN
    171226 CB 90002
    APU
    171226CB90002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,176,000
      Market price range: $3.66M - $31.2M
      AI Estimate
      $17,176,000
      Market price range: $3.66M - $31.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $17,175,000
      Current use
      RETAIL STORES
      $18,180,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $17,205,000
      Change: +0% Conversion: Difficult
      RESTAURANT
      $16,675,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $15,670,000
      Change: -9% Conversion: Moderate
      MEDICAL BUILDING
      $14,365,000
      Change: -16% Conversion: Moderate
      OFFICE BUILDING
      $14,245,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.261
    Latitude
    44.0706
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $15,991,290
    $15,991,290

    Comparable in this City

    • Value Estimation
      $18,370,000
      26,526 SF

      Bend, OR 97701

      APARTMENT HOUSE (5+ UNITS) • 26,526 SF
      Bend, OR 97701
      View Details
    • Value Estimation
      $5,880,000
      8,492 SF

      1855 Lotus Dr

      APARTMENT HOUSE (5+ UNITS) • 8,492 SF
      1855 Lotus Dr, Bend, OR 97701-6187
      View Details
    • Value Estimation
      $8,500,000
      12,272 SF

      900 Warner Pl

      APARTMENT HOUSE (5+ UNITS) • 12,272 SF
      900 Warner Pl, Bend, OR 97701-4682
      View Details
    • Value Estimation
      $690,000
      4,982 SF

      1407 10th St

      APARTMENT HOUSE (5+ UNITS) • 4,982 SF
      1407 10th St, Bend, OR 97701-4457
      View Details
    • Value Estimation
      $3,815,000
      9,996 SF

      680 Bellevue Dr

      APARTMENT HOUSE (5+ UNITS) • 9,996 SF
      680 Bellevue Dr, Bend, OR 97701-7417
      View Details
    • Value Estimation
      $915,000
      6,157 SF

      2444 Conners Ave

      APARTMENT HOUSE (5+ UNITS) • 6,157 SF
      2444 Conners Ave, Bend, OR 97701-6366
      View Details

    Similar Nearby for Sale

    • $899,500
      Pending

      Bend Fourplex Near St. Charles

      Fourplex near St. Charles, shopping, dining, and outdoor recreation.
      2028 NE Patterson Cir, Bend, OR 97701
      View Details
    • Contact for pricing
      1,732 SF

      Retail Space Available For Sale

      Retail space with 1,732 SqFt available for purchase.
      1222 NE 4Th St, Bend, OR 97701
      View Details
    • $1,756,000
      0.69 Acres

      Bend, OR Commercial Land

      Two commercial lots totaling 1.26 acres in high-growth area.
      63702 Clausen Dr, Bend, OR 97701
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      63205 Gibson Air Rd, Bend, OR 97701
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Retail space with drive-thru available for sale or lease.
      1701 NE 3Rd St, Bend, OR 97701
      View Details
    • $1,756,000

      Bend, Oregon Land For Sale

      Land available for purchase in Deschutes County, Bend, Oregon.
      63720 Clausen Rd, Bend, OR 97701
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      45,205 SF

      Bend Executive Office Space

      Prime Bend location, multiple suites available.
      1230 3Rd St, Bend, OR 97701
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space available for rent, 1,500 square feet.
      1420 NE 1St St, Bend, OR 97701
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Bend, Oregon.
      20340-20370 Empire Ave, Bend, OR 97701
      View Details
    • Contact for pricing

      Land Lease in Bend Central

      Land lease opportunity available in Bend Central District.
      1569 NE 2Nd St, Bend, OR 97701
      View Details
    • Contact for pricing

      Bend Flex/Industrial Space Available

      Flex/Industrial space available for lease in Bend, Oregon.
      64415 Strickler Ave, Bend, OR 97701
      View Details
    • $3 SF/Yr
      619 SF

      Retail Space in Bend, Oregon

      Retail space available for lease in Bend, Oregon.
      113 NW Minnesota Ave NW, Bend, OR 97701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Bend, OR 97701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!