Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bend, Oregon Acreage Available Title is generated by Realmo AI

    55970 Browning Drive, Bend, OR 97707

    View on Map
    Claim this Listing
    For Sale
    $99,000

    LAND - Bend, OR

    Lot size:
    1.04 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    335
    Last Refresh:
    Jun 8 at 5:06 am

    Property Features for 55970 Browning Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    116878
    Lot size
    1.04 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    253

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Keith Petersen

    Listing agent Keith Petersen License #980500151

    Listing office Century 21 North Homes Realty 57084 Grizzly Lane, Bend, OR

    Listing date Jul 9, 2025

    MLS# 220205496 Listing URL

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

    HighLights

    • 1.04 acre lot
    • Minutes from Sunriver, Mt Bachelor, and High Cascade Lakes
    • Level lot
    • Mature pine trees provide a beautiful setting
    • Minutes from the Big Deschutes River
    • Cable available

    Overview

    This 1.04-acre lot is located in Central Oregon. The level lot features mature pine trees. It is situated minutes from Sunriver, Mt Bachelor, and the High Cascade Lakes, with the Big Deschutes River also nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Hair Salon Hotel & Motel Kitchen & Bath Showroom Bed & Breakfast Plumbing Service Carpet & Flooring Store Nursing Home Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.483492
    Latitude
    43.832822

    Nearby Similar for Sale

    • $649,000
      1,040 SF

      Turnkey Office Building, Bend, Oregon

      Turnkey office building in central location, ideal for professional services.
      336 NE Norton Avenue, Bend, OR 97701
      View Details
    • $739,000
      3,097 SF

      Bend Duplex Near COCC

      Well-maintained duplex in desirable NW Bend, ideal for investors.
      2646 NW Fawn Run Lane, Bend, OR 97703
      View Details
    • $299,000

      Shop on Fenced Lot

      0.57 acre lot with shop, fenced with wrap-around driveway.
      17037 DOWNEY Rd, Bend, OR 97707
      View Details
    • $959,000

      Developed Lots Ready to Build

      Three mixed-residential lots for sale, ready to build.
      62062 Dean Swift Rd, Bend, OR 97701
      View Details
    • $329,000

      Bend, OR Commercial Land

      Centrally located commercial land with development potential in Bend, OR.
      225 SE Urania Lane, Bend, OR 97702
      View Details
    • $999,900

      Bend, OR Commercial Land

      Commercial land near 3rd street in Bend, Oregon.
      195 SE Roosevelt Avenue, Bend, OR 97702
      View Details
    • $1,060,000
      3,568 SF

      Bend Triplex Investment Opportunity

      Well-maintained triplex in Bend with solid rental history.
      1284 SW Mill Pond Place, Bend, OR 97702
      View Details
    • $650,000

      Residential Land with Mountain Views

      Land in Shevlin Commons with Cascade Mountain views.
      62765 NW Sand Lily Way, Bend, OR 97703
      View Details
    • $575,000

      Premier View Home Site

      Luxury west-side lot with panoramic Cascade Mountain views.
      2861 NW Nightfall Circle, Bend, OR 97703
      View Details
    • $299,000
      1,920 SF

      Bend, OR Shop on Land

      Shop on .57 acre lot with fenced wrap-around driveway.
      17037 Downey Road, Bend, OR 97707
      View Details
    • $249,000

      Versatile Property with Equipped Shop

      Well-appointed getaway with shop, RV, and storage.
      17107 Hermosa Road, Bend, OR 97707
      View Details
    • $895,000
      4,158 SF

      Bend Commercial Shell Opportunity

      Commercial shell in central Bend, ready for custom build-out.
      67 NW Greenwood Avenue, Bend, OR 97703
      View Details

    FAQs

    What type of property is this?
    Land - 1.04 acre lot near Sunriver, Mt Bachelor, and Deschutes River.
    Where is this land located?
    The property is located at 55970 Browning Drive Bend, OR.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 1.04 acre lot; Minutes from Sunriver, Mt Bachelor, and High Cascade Lakes; Level lot
    (541) 815-0906
    We can help!
    Listing Contact
    Keith Petersen
    Real Estate License ID: 980500151
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    55970 Browning Drive, Bend, OR 97707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!