0 Watt Way Bend, OR 97701
This 1.32-acre commercial land parcel in Bend, Oregon's desirable medical district presents a unique development opportunity. Located on NE Watt Way, near the intersection of Medical Center Drive and Watt Way (zip code 97701), this flat, build-ready lot boasts RH zoning with a medical overlay, ensuring suitability for a wide range of medical-related projects. Utilities are already stubbed to the site, simplifying the construction process. The property benefits from excellent visibility and high traffic counts on 27th Street, averaging 17,974 vehicles daily. Its strategic location places it within close proximity to major medical facilities such as St. Charles Medical Center and Summit Health, as well as convenient access to numerous amenities including CORA physical therapy, Costco, Safeway, Barnes & Noble, Whole Foods, Old Navy, and Walgreens. This is one of only four remaining developable parcels in this thriving medical district, making it a highly sought-after investment. The asking price is $2,012,472. Deschutes County location offers a strong investment potential in a rapidly growing area. Don't miss this chance to secure a prime piece of real estate in Bend's flourishing medical hub.
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
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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.