0 27Th St Bend, OR 97702
This exceptional 39.09-acre parcel presents a unique opportunity for development in Southeast Bend, Oregon. Located at the gateway to SE Bend, this ME & IL zoned land is ideally situated for a mixed-use development, poised to become a thriving new master-planned district. The property's strategic location offers unparalleled access to key amenities and infrastructure. Its proximity to High Desert Middle School and Caldera High School adds significant value and appeal. Adjacent parcels totaling 35 acres are under contract for multi-family and single-family residential development, creating a synergistic environment and bolstering the potential for future growth and increased property value. The asking price is $8,599,800. This development site is part of North Peak Development's vision, which includes plans for 137 townhomes and 264 apartments. The property is conveniently located at SE Ferguson & 27th Street, Bend, OR 97702, in Deschutes County. This prime location offers significant potential for a variety of commercial and residential uses, making it an attractive investment for developers seeking a high-growth area. The substantial lot size provides ample space for a large-scale project, while the existing infrastructure and surrounding development create a favorable environment for immediate construction and occupancy. This is a rare opportunity to acquire a significant land parcel in a rapidly expanding area of Bend.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.