1230 3Rd StBend, OR 97701

Property Details for 1230 3Rd St

Year built

1974

Lot size

1.82 AC

Property size (Sq ft)

36,325 SF

Property type

Office properties

Property subtype

Office buildings

APN

171233 BB 07700

APU

171233BB07700

Description

Red Oaks Square, located at 1230 NE 3rd St in Bend, Oregon (97701), presents a unique investment opportunity in Deschutes County. This multi-tenant commercial property offers a diverse range of spaces suitable for various business needs. The building's total area encompasses 45,205 square feet, currently featuring a low vacancy rate of only 321 square feet. The property is zoned Commercial Limited (CL), allowing for a variety of uses. The existing tenants occupy a mix of office, retail, and restaurant spaces, reflecting the property's versatility. Available spaces range from 252 square feet to 3,347 square feet, providing flexibility for businesses of all sizes. The property's prime location in Bend, Oregon offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. This is an exceptional opportunity to acquire a well-situated commercial property with a proven track record and significant potential for future growth. The property's executive office subtype caters to businesses seeking a professional and prestigious address. With its diverse tenant mix and limited vacancy, Red Oaks Square represents a stable and promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $7,443,326

  6.5%

  $6,870,763

  7%

  $6,379,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,307,555

  Geo Method

  $9,307,555

• Alternative Use

  Use

  Valuation

  Residential

  $8,519,746

  Hospitality

  $7,804,042

  Educational

  $6,492,871

  Medical

  $6,716,171

  Retail

  $10,100,022

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0625

Longitude

-121.302

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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