1201 Wall StBend, OR 97703

Property Details for 1201 Wall St

Year built

1989

Lot size

1.13 AC

Property size (Sq ft)

23,808 SF

Property type

Office properties

Property subtype

Office buildings

APN

171232 AC 00300

APU

171232AC00300

Description

This exceptional 3,048 square foot office suite, located at 1201 NW Wall St, Bend, OR 97703, is situated in the desirable Riverpointe I building. A corner suite within the building, it offers two points of entry/exit, providing convenient access. Ideal for clinical dental or medical use, this space boasts $102,000 in SDC credits specifically for clinical dental offices. Features include in-suite laundry hookups, an x-ray room, two dedicated hot water heaters, ample water access in treatment and lab rooms, a spacious waiting area, reception, billing, administrative, and copy areas. Seven to eight treatment rooms with water are also included, along with a private dentist office and restroom. The suite is offered "as-is" at a current rate of $1.75 per square foot per month, triple net (NNN), and is adaptable for medical and professional office use with tenant improvements. A detailed floor plan is available. The Riverpointe I building, constructed in 1989, is a three-story structure with 23,808 total square feet and offers over 98 parking spaces, including ADA-accessible spots. Its prime downtown Bend location on NW Wall Street, near the Deschutes River, provides easy access to numerous amenities. The building is zoned CL-Commercial Limited and is part of the Downtown Bend submarket cluster in Deschutes County. The maximum contiguous space available is 3,048 square feet, which is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $4,878,478

  6.5%

  $4,503,210

  7%

  $4,181,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,100,324

  Geo Method

  $6,100,324

• Alternative Use

  Use

  Valuation

  Residential

  $5,583,981

  Hospitality

  $5,114,897

  Educational

  $4,255,534

  Medical

  $4,401,888

  Retail

  $6,619,720

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0622

Longitude

-121.311

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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