Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Bend, OR 97702

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,599,800

    39-acre development parcel at the gateway to SE Bend.

    Property size:
    39 SF
    Lot size:
    39.09 Acres

    Property Features for

    General Information

    Size
    39 SF
    Lot size
    39.09 Acres

    We can help!

    Listing Contact
    Jeff Reed
    Source: Naiglobal

    Listing Agent: Jeff Reed

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Bend Development Parcel For Sale

    This 39-acre development parcel is located at the gateway to SE Bend and is planned to become a master-planned district with multi-family and supporting retail uses. The location is in "The Elbow," directly behind High Desert Middle School and nearby Caldera High School. The land is zoned ME and IL. Adjoining parcels of 17 acres to the northwest and 18 acres to the west are under contract with multifamily and single-family home developers. A proposed development by North Peak Development includes 137 townhomes and 264 apartments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.254
    Latitude
    43.9679

    Nearby Similar for Sale

    • $2,250,000
      4,360 SF

      Equestrian Ranch with Cascade Views

      36-acre equestrian ranch bordering Badlands Wilderness near Bend, Oregon.
      24605 Dodds Rd, Bend, OR 97701
      View Details
    • $1,950,000
      2,176 SF

      Equestrian Ranch with Income Potential

      19.72-acre ranch near Bend, OR, with extensive equestrian facilities.
      22500 Alfalfa Market Rd, Bend, OR 97701
      View Details
    • $5,545,000
      3,034 SF

      Oregon Horseman's Dream Estate

      35.21 acre estate with water rights and equestrian facilities.
      66505 Gerking Market Rd, Bend, OR 97703
      View Details
    • $1,999,999
      3,016 SF

      Tumalo Ranch with Cascade Views

      58.55-acre ranch in Tumalo with Cascade Mountain views.
      19190 Pinehurst Rd, Bend, OR 97703
      View Details
    • $3,250,000
      0.46 Acres

      Mixed-Use Building in Downtown Tumalo

      New mixed-use building suitable for retail, office, and manufacturing.
      19885 7Th St, Bend, OR 97703
      View Details
    • $1,500,000
      0.32 Acres

      Westside Bend Multifamily Development Opportunity

      Five-unit complex on two lots with development potential in Bend.
      633 NW Portland Ave, Bend, OR 97703
      View Details
    • $789,995
      Pending

      Bend Duplex in Prime Location

      Well-maintained duplex in SE Bend near shops, restaurants, and parks.
      61683 Daly Estates Dr, Bend, OR 97702
      View Details
    • New
      $250,000

      Thriving Bend Restaurant with Courtyard

      Turn-key restaurant with secret garden courtyard in downtown Bend.
      750 NW Lava Rd, Bend, OR 97703
      View Details
    • $329,900
      0.57 Acres

      Shop on .57 Acre Lot

      Shop with RV door, lift, air compressor, and storage container.
      17037 Downey Rd, Bend, OR 97707
      View Details
    • $295,000

      Operational Indoor Grow Facility

      Fully operational indoor grow facility with expansion potential near Bend.
      Bend, OR 97703
      View Details
    • $98,900
      0.03 Acres

      Bend Airport T-Hangar For Sale

      T-Hangar at Bend Municipal Airport with taxiway access.
      63096 Ta2, Bend, OR 97701
      View Details
    • $9,518,160
      39,659 SF

      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
      107 SW Columbia St, Bend, OR 97702
      View Details

    FAQs

    What type of property is this?
    Land - 39-acre development parcel at the gateway to SE Bend.
    Where is this land located?
    The property is located at Bend, OR.
    What is the asking price?
    The asking price for this property is $8,599,800.
    What are key features of this property?
    This property features: - 39-acre development parcel in SE Bend's newest Master Planned district.; - Excellent location at the gateway to SE Bend.; - Zoned ME & IL land.
    (541) 280-7068
    Request Owner's contact information
    Bend, OR 97702
    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.
    Bend, OR 97702
    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
    Bend, OR 97702
    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

    We can help!
    Listing Contact
    Jeff Reed
    Real Estate License ID: #200701299
    (541) 280-7068
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.