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Investor opportunity. Fully occupied sale/leaseback. 5.8% cap rate with annual increases. Long term single tenant NNN lease with ServPro of Bend, a solid franchise locally owned and operated disaster restoration company. Thriving business largely recession proof. Well constructed and laid out masonry industrial building. Ground floor features 6 heated bays with overhead doors, and bathrooms. All overhead gas heaters and thermostats replaced in 2023. Fully upgraded LED lighting throughout. Approximately 2,000 sf of second floor office. Complete new roof in 2023. Good parking and access. Small fenced storage yard.
A rough estimate, not a quote. Loan amount $2,121,600 · $530,400 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
0.52 acres on the county assessor’s map, tax lot 181204A004102 · County record
Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line.
0.52 acres on the county assessor's map. Tax lot 181204A004102, Deschutes County Assessor's Office. Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
56 listings of every type for sale, 16 pending, 10 sold in the last 30 days. Tap a place for its numbers, or slide the price.
In Bend, the largest city in Central Oregon, between the high desert and the Cascades.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Larkspur, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines 81 of the 143 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Neighborhood
Larkspur sits on Bend's east side, bounded roughly by Highway 20 and Franklin Boulevard to the north, Reed Market Road to the south, the Parkway to the west, and the urban growth boundary to the east, according to the Larkspur Neighborhood District. It runs from the base of Pilot Butte south to the Reed Market corridor. The district itself is a voluntary group of residents and businesses recognized by the City of Bend, not a homeowners association. Its board is volunteer-run, meets monthly, and works on city-facing issues such as traffic safety, sidewalks, bike access, and land-use review rather than deed restrictions. Bend Source, the Bend alt-weekly, places Larkspur among the east-side neighborhoods that draw families and young professionals for larger lots and short commutes to jobs.
Pilot Butte anchors Larkspur's north end and gives the neighborhood its skyline. The 114-acre cinder cone was donated to the state of Oregon in 1927 by a group of Bend business associates in memory of Terrence Hardington Foley, according to Oregon Parks and Recreation Department records, with additional land added in 1941. Long before the donation, the butte served as a landmark that guided wagon-train immigrants to safe crossings of the Deschutes River. Three trails climb through juniper and sagebrush to the summit, a gain of about 490 feet, and on a clear day the view reaches Mount Bachelor, Broken Top, the Three Sisters, Mount Jefferson, Black Butte, and Mount Hood. The paved summit road is open to vehicles seasonally, May 1 through September 30. The trails themselves are open on foot year-round.
Daily life
Drive times
| Date | Event | Price |
|---|---|---|
| Nov 13, 2025 | Price drop | $2,624,000$28K down |
| Sep 1, 2025 | Listed | $2,652,000 |
$241 per sq ft
71 days on market. Bend median to pending is 22 days.
Tax $13,671 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Listing courtesy of Compass Commercial Real Estate, agent Ronald Ross, 541-383-2444
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Median close price $750,000 in Aug 2026, down 5.7% from Aug 2025.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $2,652,000, 179.5% above the Bend median list price. See full Bend market →