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    63672 O B Riley Rd Bend, OR 97703

    Sponsored
    For Sale
    $16,800,000

    16.8 Acres, High-Visibility Location, Development Ready

    Property size:
    731,808 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 16.8-acre commercial property in Bend, Oregon, presents a remarkable investment opportunity. Located at 63672 O B Riley Road, this UA-zoned parcel (IG zoned in the Comprehensive Plan) boasts significant development potential within the Urban Growth Boundary. The property offers approximately 660 feet of frontage along O B Riley Road and is conveniently situated approximately 760 feet from the intersection of Cooley and O B Riley Road. Its strategic location near the upcoming Costco further enhances its value and appeal. The expansive acreage includes 12 acres of irrigated land, providing significant flexibility for various development scenarios. The property also includes existing improvements, consisting of a 1,516 square foot, three-bedroom, two-bathroom home, a 1,728 square foot shop, and a 756 square foot workshop. These structures are currently rented on a month-to-month basis for a combined rental income of $1250. The total building square footage on the property is 731,808 square feet. This property offers a unique blend of immediate income generation and substantial long-term development potential, making it an ideal acquisition for discerning investors seeking a prime location in a thriving market. The substantial size and strategic location make this property exceptionally well-suited for a wide range of commercial developments.

    Property Features for 63672 O B Riley Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    731,808 SF
    Lot Size
    731,808 SF

    Building Details

    Year Built
    2023
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3163
    Latitude
    44.11173

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    FAQs

    What type of property is this?
    Commercial real estate - 16.8 Acres, High-Visibility Location, Development Ready
    Where is this commercial real estate located?
    The property is located at 63672 O B Riley Rd Bend, OR.
    What is the asking price?
    The asking price for this property is $16,800,000.
    (541) 312-2113
    Request Owner's contact information
    63672 O B Riley Rd Bend, OR 97703
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    Bend, OR 97703
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    Realmo Value Estimation

    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.

    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.

    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
    63672 O B Riley Rd Bend, OR 97703
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