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    TL 1200 Millican Road Brothers, OR 97712

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    Pending
    Contact for pricing

    LAND - Brothers, OR

    Lot size:
    20.00 Acres
    Added:
    Sep 26, 2025
    Days on Market:
    193
    Last Refresh:
    Apr 6 at 4:06 am

    Property Features for TL 1200 Millican Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    143173
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    120

    Building Details

    Additional Structures
    Poultry Coop

    We can help!

    Listing Contact
    Mary Gillen Doyle

    Listing agent Mary Gillen Doyle License #200408269

    Listing office Coldwell Banker Bain 1160 SW Simpson Ave Suite 100, Bend, OR

    Listing date Sep 26, 2025

    MLS# 220209833

    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.

    Overview

    Brothers, OR Off-Grid Escape

    This 20-acre property in Brothers, Oregon, offers an off-grid escape with privacy and functionality. The land is partially fenced and cross-fenced, bordering public land on one side, providing access to thousands of acres with OHV trails for exploring Central Oregon's terrain. Included is a 30-foot fifth wheel trailer, a U-Haul water system with two large water storage tanks, an outhouse, and a solar power setup with batteries to support sustainable living. Multiple storage and salvage facilities offer space for tools, equipment, or recreational gear. Located 30 miles from both Prineville and Bend, and close to Bend Trap Club, the property is suited for those who value solitude while maintaining access to community amenities. The property also offers views. It is being sold 'AS IS' and is ready for a new owner's vision. This property is ideal as a weekend retreat, a basecamp for outdoor exploration, or a full-time off-grid lifestyle.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Brothers
    County
    Deschutes
    State
    Oregon
    Longitude
    -120.469
    Latitude
    43.7172

    Nearby Similar for Sale

    • $288,000

      Brothers, OR Recreational Land

      320-acre recreational land parcel near Bend, Oregon.
      Merrill Road unit: Tl 1800, Brothers, OR 97712
      View Details
    • $599,000

      240 Acres of Vacant Land

      240 acres of fenced land with well and barn.
      00 Pringle Flat Rd, Brothers, OR 97712
      View Details
    • $44,000

      Brothers, OR Agricultural/Recreational Land

      14.6 acres of agricultural and recreational land near Bend.
      6520 DO, Brothers, OR 97712
      View Details

    FAQs

    What type of property is this?
    Land - 20 acres of partially fenced land bordering public land.
    Where is this land located?
    The property is located at TL 1200 Millican Road Brothers, OR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 20 acres of partially fenced and cross‑fenced land bordering public land.; Off‑grid living setup with 30' fifth wheel trailer, U‑Haul water system with two large water storage tanks, outhouse, and solar power setup with batteries.; Close proximity to thousands of acres with OHV trails for outdoor exploration.
    (541) 280-4372
    We can help!
    Listing Contact
    Mary Gillen Doyle
    Real Estate License ID: 200408269
    Learn More
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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
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