Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    27Th St Bend, OR 97702

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    27Th St Bend, OR 97702

    View on Map
    • Land
    • 39.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 27Th St

    Lot size
    39.09 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.262
    Latitude
    44.0317

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      27Th St

      Land • 10.00 Acres
      0 27Th St, Bend, OR 97702
      View Details
    • Value Estimation
      $2,885,000
      10,000 SF

      107 9th St

      INDUSTRIAL (GENERAL) • 10,000 SF
      107 9th St, Bend, OR 97702-1469
      View Details
    • Value Estimation
      $3,150,000
      18,665 SF

      70 Century Dr

      INDUSTRIAL (GENERAL) • 18,665 SF
      70 Century Dr, Bend, OR 97702-3557
      View Details
    • Value Estimation by Request
      347 SF

      207 Columbia St

      CONDOMINIUMS (INDUSTRIAL) • 347 SF
      207 Columbia St, Bend, OR 97702-1013
      View Details
    • Value Estimation
      $2,450,000
      15,214 SF

      48 Bridgeford Blvd

      INDUSTRIAL (GENERAL) • 15,214 SF
      48 Bridgeford Blvd, Bend, OR 97702-3495
      View Details
    • Value Estimation
      $1,710,000
      8,400 SF

      20717 Carmen Loop

      INDUSTRIAL (GENERAL) • 8,400 SF
      20717 Carmen Loop, Bend, OR 97702-8423
      View Details

    Similar Nearby for Sale

    • $9,518,160
      39,659 SF

      Westside Property with Development Potential

      Westside property suitable for owner/user, investment, or development.
      107 SW Columbia St, Bend, OR 97702
      View Details
    • $1,550,000

      Industrial Property on Wilson Street

      Fully leased industrial building with income through 2026.
      625 SE 9Th St, Bend, OR 97702
      View Details
    • $519,000

      Bend Land For Sale

      Land available for purchase in Bend, Oregon.
      3 SW Taft Ave, Bend, OR 97702
      View Details
    • $1,270,000

      Land For Sale in Bend

      Land available in Deschutes County, Bend, Oregon.
      20192 Reed Ln, Bend, OR 97702
      View Details
    • $579,000

      Land For Sale in Bend

      Land available in Deschutes County, Bend, Oregon.
      61464 Meeks Trl, Bend, OR 97702
      View Details
    • Contact for pricing

      Bend Land South Side Location

      Land for multi-unit housing or retirement/care facility project.
      Pinebrook Blvd, Bend, OR 97702
      View Details

    Similar Nearby for Lease

    • $1.05 SF/Yr
      9,000 SF

      Bend Flex Space For Lease

      9,000 SF flex space available for lease in Bend, Oregon.
      635 SE Business Way, Bend, OR 97702
      View Details
    • $1.75 SF/Yr
      2,636 SF

      Bend Flex Space in District

      Flex suite in Bend's Old Mill District for rent.
      150-160 SW Scalehouse Loop, Bend, OR 97702
      View Details
    • $1.10 SF/Yr
      5,500 SF

      Bend Warehouse Space Available

      5,500 SF warehouse space for lease in Bend, Oregon.
      1064 SE Paiute Way, Bend, OR 97702
      View Details
    • $1.05 SF/Yr
      9,092 SF

      Bend Midtown Industrial Space Available

      9,166 SF light industrial space in Bend's midtown district.
      1305 SE Armour Rd, Bend, OR 97702
      View Details
    • $1.10 SF/Yr
      3,923 SF

      Bend Flex Space For Rent

      Professionally managed flex space with easy access and good visibility.
      615 Glenwood Dr SE, Bend, OR 97702
      View Details
    • $1.70 SF/Yr

      Creative Space with Roastery & Club

      State-of-the-art campus with collaboration spaces and extensive parking.
      575 SE 9Th St, Bend, OR 97702
      View Details
    Request Owner's contact information
    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.
    27Th St
    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
    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

    Thank You for Inquiry
    27Th St, Bend, OR, 97702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!