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    24605 Dodds Rd Bend, OR 97701

    Sponsored
    For Sale
    $2,250,000

    Craftsman,Traditional, Farm - Bend, OR

    Type:Farm
    Property size:
    4,360 SF
    Lot size:
    36.16 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 22 at 3:06 am

    Property Features for 24605 Dodds Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    EFUAL
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Dining Room, Family Room, Kitchen, Laundry, Living Room, Loft, Media Room, Office
    Bedrooms
    4
    Bathrooms
    4
    APN
    175854
    Parking features
    Driveway, Garage, RV, Workshop
    Fireplace
    1
    Size
    4,360 SF
    Lot size
    36.16 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Heat Pump (Heating), Radiant, Zoned (Heating)
    Cooling system
    Central Air, Heat Pump, Zoned

    Building Details

    Year built
    2001
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Jodi Satko
    Jodi Satko

    Keller Williams Realty Central Oregon (541) 585-3760

    Listing agent Jodi Satko (541) 585-3760 License #200602167

    Listing date Feb 6, 2026

    MLS# 220213430 Listing URL

    Copyright © 2026 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Equestrian Ranch with Cascade Views

    This 36.16-acre equestrian and cattle ranch offers Central Oregon ranch living with 26.5 acres of water rights. The property features established and irrigated pastures, fencing, cross fencing, indoor and outdoor arenas, and a pole barn with turnouts and pasture rotation options. Bordering the Badlands Wilderness, which provides 45 square miles of riding area, the ranch also offers views of the Cascade Mountains. The custom home includes wood finishes, living spaces, and a centrally located kitchen and family room. It features two primary suites, one on the main level and one upstairs with a private entry and balcony, as well as two additional bedrooms and bathrooms. An office, bonus game room, and large utility room support an active ranch lifestyle. The professional barn includes eighteen 12x14 stalls with runs, heated water, a wash area, a kitchen, and a tack room. The indoor arena measures 80x132 and includes a private apartment with a second laundry and bathroom. The outdoor arena measures 180x350. Additional features include a lined pond and two RV hookups.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Canine Training Challenge Training Center

    Map

    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.091185
    Latitude
    44.02536

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    FAQs

    What type of property is this?
    Horse & equestrian property - 36-acre equestrian ranch bordering Badlands Wilderness with Cascade Mountain views.
    Where is this horse & equestrian property located?
    The property is located at 24605 Dodds Rd Bend, OR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - 36-acre equestrian/cattle ranch with 26.5 acres of water rights, established pastures, and irrigation.; - **Indoor (80x132) and outdoor (180x350) arenas**, and a professional barn with (18) 12x14 stalls with runs.; - **Custom home with two primary suites** (one on the main floor, one upstairs with private entry and balcony).
    (541) 550-0819
    Request Owner's contact information
    24605 Dodds Rd Bend, OR 97701
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    Bend, OR 97701
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    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
    24605 Dodds Rd Bend, OR 97701
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    We can help!
    Listing Contact
    Jodi Satko
    Jodi Satko
    Real Estate License ID: 200602167
    (541) 550-0819 (541) 585-3760
    Learn more
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