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    20160 Cooley Rd Bend, OR 97703
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    20160 Cooley Rd, Bend, OR 97703

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    • Commercial land
    For Sale
    $14,600,000
    View Listing →
    Bend Commercial Land Opportunity For Sale
    $14,600,000
    1,561 SF

    Bend Commercial Land Opportunity

    14.61 acres of commercial land for sale in Bend.

    20160 Cooley Rd, Bend, OR 97703
    View Listing
    Property ID
    US71-1899658
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Firewood Fury / Big Box & Wholesale Store
    • Superior Snow Solutions / Marketing & Advertising / Advertising Agency

    Property Details for 20160 Cooley Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime opportunity for commercial development in Bend's newest Urban Growth Boundary area. This 14.61 acre is zoned CG in the latest Comprehensive Plan. The parcel is conveniently just off the parkway/OB Riley Road and complete with a 3 bed/2 ba 1561 sqft home, a 1440 sqft 3 bed/1 ba manufactured home, and several other outbuildings. Tenants are month to month and rent is $875 and $950. Come develop the next area located near the forthcoming Costco. One of the listing agents is related to the seller.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.31575
    Latitude
    44.1102034

    Comparable in this City

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      Bend Commercial Shell Opportunity

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      Bend, Oregon Land For Sale

      Commercial land available in Bend, Oregon.
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      Downtown Bend Mixed-Use Development Lot

      Flat, level lot in downtown Bend ready for redevelopment.
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      Bend Retail Site For Sale

      1.2 acre retail site with highway exposure and access.
      3650 State Highway 97 N, Bend, OR 97703
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      731,808 SF

      Bend Land Near Future Costco

      16.8 acres near future Costco with development potential.
      63672 O B Riley Rd, Bend, OR 97703
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    • $500,000
      0.22 Acres

      Commercially Zoned Lot in Tumalo

      Desirable commercial lot in downtown Tumalo with improvements.
      64624 Cook Ave, Bend, OR 97703
      View Details

    Similar Nearby for Sale

    • $895,000
      Pending

      Bend Commercial Shell Opportunity

      Commercial shell in central Bend, ready for custom build-out.
      67 NW Greenwood Ave, Bend, OR 97703
      View Details
    • $500,000

      Bend, Oregon Land For Sale

      Commercial land available in Bend, Oregon.
      64624 Cook Ave, Bend, OR 97703
      View Details
    • Contact for pricing
      Pending

      Downtown Bend Mixed-Use Development Lot

      Flat, level lot in downtown Bend ready for redevelopment.
      828 NW Hill St, Bend, OR 97703
      View Details
    • $1,775,000
      Pending

      Bend Retail Site For Sale

      1.2 acre retail site with highway exposure and access.
      3650 State Highway 97 N, Bend, OR 97703
      View Details
    • Contact for pricing
      731,808 SF

      Bend Land Near Future Costco

      16.8 acres near future Costco with development potential.
      63672 O B Riley Rd, Bend, OR 97703
      View Details
    • $500,000
      0.22 Acres

      Commercially Zoned Lot in Tumalo

      Desirable commercial lot in downtown Tumalo with improvements.
      64624 Cook Ave, Bend, OR 97703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Highway 97

      Commercial land with excellent access to Santiam Highway and Highway 97.
      63545 Hunnell Rd, Bend, OR 97703
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      Retail Space For Lease

      Retail space available for lease.
      63485 State Highway 97 N, Bend, OR 97703
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    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease.
      1345 NW Wall St, Bend, OR 97703
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      Commercial Property for Lease

      Commercial property available for lease.
      63025 O. B. Riley Rd, Bend, OR 97703
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      894 SF

      Retail Space Available For Lease

      Retail space available for lease in Bend, Oregon.
      1444 College Way NW, Bend, OR 97703
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    • Contact for pricing

      Office Space For Lease

      Office space available for lease.
      141 NW Greenwood Ave, Bend, OR 97703
      View Details
    View Listing
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    20160 Cooley Rd
    Bend, OR 97703
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    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
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