Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercially Zoned Lot in Tumalo Title is generated by Realmo AI

    64624 Cook Avenue, Bend, OR 97703

    View on Map
    Claim this Listing
    For Sale
    $500,000

    COMMERCIAL - Bend, OR

    Lot size:
    0.22 Acres
    Added:
    Feb 26, 2024
    Days on Market:
    806
    Last Refresh:
    May 12 at 6:06 am

    Property Features for 64624 Cook Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    283047
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1604

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    A'Leah Dee Knight

    Listing agent A'Leah Dee Knight License #201224343

    Listing office RE/MAX Key Properties 42 NW Greenwood Ave., Bend, OR

    Listing date Feb 26, 2024

    MLS# 220177685 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

    • Commercially zoned lot in downtown Tumalo with high visibility from Hwy 20.
    • Approximately $150,000 in improvements including a new parking lot and sewer system.
    • Conditional use permit from Deschutes County, ready for building.
    • Located off Cook Ave, the main street in Tumalo.
    • Close proximity to food carts, cider houses, and a coffeehouse.
    • Owner carry options available.

    Overview

    This commercially zoned lot is located in downtown Tumalo, off Cook Avenue, providing access and visibility from Hwy 20 towards Bend and Sisters. The property is near food carts, cider houses, and a coffeehouse. The lot has approximately $150,000 in improvements, a conditional use permit from Deschutes County, a new parking lot, and a sewer system. Owner carry options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Building Supply Pharmacy Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.330348
    Latitude
    44.1469106

    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
    • $975,000
      3,072 SF

      Bend Ranch Multifamily Investment Property

      Income-producing quadplex near amenities and Highway 97.
      530 SE Centennial Street, Bend, OR 97702
      View Details
    • $329,900

      Bend, OR Shop on Land

      Shop on .57 acre lot with fenced wrap-around driveway.
      17037 Downey Road, Bend, OR 97707
      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
    • $698,000

      Bend, Oregon 10-Acre Land Parcel

      Private 10-acre parcel near Bend with building potential.
      61590 Gribbling Road, 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
    • $300,000

      Buildable Land in Fall River

      1.22-acre parcel near Sunriver, Cascade Lakes, and Fall River.
      15111 River Loop Drive W, Bend, OR 97707
      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
    • $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
    • $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?
    Commercial land - Desirable commercial lot in downtown Tumalo with improvements.
    Where is this commercial land located?
    The property is located at 64624 Cook Avenue Bend, OR.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Commercially zoned lot in downtown Tumalo with **high visibility from Hwy 20.**; **Approximately $150,000 in improvements** including a new parking lot and sewer system.; Conditional use permit from Deschutes County, ready for building.
    (541) 728-0033
    We can help!
    Listing Contact
    A'Leah Dee Knight
    Real Estate License ID: 201224343
    Learn More
    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
    64624 Cook Avenue, Bend, OR 97703
    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!