612 Hill StBend, OR 97703

Property Details for 612 Hill St

Year built

1990

Lot size

0.32 AC

Property size (Sq ft)

4,861 SF

Property type

Office buildings

APN

171232 DA 06600

APU

171232DA06600

Description

This exceptional 4,837 square foot live/work space at 612 NW Hill Street in Bend, Oregon, presents a unique opportunity. Located on a 0.32-acre lot, this mixed-use property boasts a prime location with excellent visibility on Franklin Avenue, experiencing daily traffic counts exceeding 12,000 vehicles. Built in 1990, the two-story building offers a versatile layout suitable for retail, office, or industrial uses, categorized as Creative Office and Flex space. The single-tenancy building features four separate access points, including two double doors, allowing for efficient workflow and convenient access. Ample natural light floods the interior through numerous windows. On-site parking accommodates 12 vehicles, including ADA-accessible spaces, with additional street parking available on Hill Street. A fenced grassy area and a deck adjacent to the parking lot enhance the property's appeal. A separate apartment or break room with its own entry adds to the functionality. The property includes 3-phase, 200-amp power. Zoned for Mixed Use Urban development, this property offers significant potential. The address is 612 NW Hill Street, Bend, OR 97703.

• CAP approach

  CAP return

  Valuation

  6%

  $1,128,870

  6.5%

  $1,042,040

  7%

  $967,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,245,530

  Geo Method

  $1,245,530

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,979,390

  Retail / Commercial

  $1,029,140

  Mixed-Use / Specialty

  $1,036,600

  Hospitality / Lodging

  $775,012

  Institutional / Educational

  $1,081,630

  Residential Income

  $1,265,500

  Multifamily

  $1,456,080

  Automotive / Energy

  $927,108

  Parking / Income-Based Land

  $308,939

  Restaurant / Food Service

  $562,896

  Healthcare / Senior Housing

  $1,051,600

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0562

Longitude

-121.308

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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