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    60850 Raintree Dr Bend, OR 97702

    For Sale
    $15,000,000

    65-acre land assembly primed for development in Southeast Elbow.

    Property size:
    65 SF
    Lot size:
    65.00 Acres

    Property Features for 60850 Raintree Dr

    General Information

    Size
    65 SF
    Lot size
    65.00 Acres

    Source: Walt Ramage Agent Walt Ramage

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

    Overview

    65 Acre Land Assembly

    This 65-acre land assembly is located in the Southeast Elbow, a 479-acre expansion area with new developments including Caldera High School, slated parks, a middle school, and an elementary school. The acreage is primed for development and due for annexation in late May 2021. Water, electric, and gas utilities are available in Knott Road. The area is experiencing increased activity with developers planning for residential and mixed-use improvements. The property is located on Raintree Drive and Knott Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Wholesale Shop Clothing Store Pharmacy Gym & Fitness Kitchen & Bath Food Market Accounting Firm Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.2715672
    Latitude
    44.0124942

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    FAQs

    What type of property is this?
    Land - 65-acre land assembly primed for development in Southeast Elbow.
    Where is this land located?
    The property is located at 60850 Raintree Dr Bend, OR.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - 65 acre land assembly primed for development.; - Located in the Southeast Elbow, a 479-acre expansion area.; - Due for annexation in late May 2021.
    (541) 771-8260
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    60850 Raintree Dr Bend, OR 97702
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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
    60850 Raintree Dr Bend, OR 97702
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