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

    20525 Reed Market Rd Bend, OR 97702

    • Commercial real estate
    • 1.00 lot acres
    For Sale
    View listing
    $1,275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0807113
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 20525 Reed Market Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    Prime 1-acre residential development opportunity in Bend, Oregon, awaits. Located at 20525 SE Reed Market Rd, 97702, this Deschutes County property boasts entitlements for a 12-lot subdivision, ready for immediate construction. The lot features utility stubs and a new access road conveniently situated at the property line. Six of the planned lots enjoy the scenic backdrop of the COID irrigation canal, enhanced by a pedestrian bridge providing direct access to the historic canal trail. Detailed cost estimates are available, and there's potential to increase the density of the development beyond the current 12 lots. This RM-zoned property presents a unique chance to capitalize on Bend's thriving real estate market. The canal-front location and proximity to the canal trail offer exceptional appeal to potential homebuyers. All necessary entitlements are in place, minimizing delays and streamlining the development process. This is an exceptional opportunity for developers seeking a turnkey project with significant upside potential. Begin construction this year and realize the full potential of this remarkable Bend, Oregon location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.2981954
    Latitude
    44.0385187

    Comparable in this City

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      Bend Commercial Land - $2.48M

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    • $789,995
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      Bend Duplex in Prime Location

      Well-maintained duplex in SE Bend near shops, restaurants, and parks.
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    • $1,495,000
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      New Construction Bend 4-Plex

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    • $859,000
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      Remodeled Triplex in Bend, Oregon

      Investment opportunity: remodeled triplex with garages and fenced yards.
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    • $1,097,500
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      Modern Townhome in Bend, Oregon

      Modern townhome with flexible living spaces near Deschutes River.
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    Similar Nearby for Sale

    • $2,479,000
      3.97 Acres

      Bend Commercial Land - $2.48M

      3.97-acre mixed-use lot, prime Bend location.
      0 Pinebrook Blvd, Bend, OR 97702
      View Details
    • $789,995
      Pending

      Bend Duplex in Prime Location

      Well-maintained duplex in SE Bend near shops, restaurants, and parks.
      61683 Daly Estates Dr, Bend, OR 97702
      View Details
    • $1,495,000
      4,397 SF

      New Construction Bend 4-Plex

      New construction 4-plex with upgraded finishes in up-and-coming location.
      477 SE Roosevelt Ave, Bend, OR 97702
      View Details
    • $859,000
      Pending

      Remodeled Triplex in Bend, Oregon

      Investment opportunity: remodeled triplex with garages and fenced yards.
      688 SE Centennial St, Bend, OR 97702
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    • $1,097,500
      1,747 SF

      Modern Townhome in Bend, Oregon

      Modern townhome with flexible living spaces near Deschutes River.
      55 SW Wall St, Bend, OR 97702
      View Details
    • $315,000

      7th Mountain Condo with Flexibility

      Professionally designed condo with rental and living options.
      18575 SW Century Dr #1325, Bend, OR 97702
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
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      Westside Bend Medical Office Space

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      Bend Executive Office Space for Lease

      Prime Bend Office, Riverfront Views, 2651 SF
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    • $11 SF/Yr
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      Bend Office Space: 1,800 SF Available

      Prime Bend location, 1,800 sq ft office space for lease.
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    • $27 SF/Yr
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      Vision Plaza Office Suites in Bend, OR

      Class A Office Space, Bend, Oregon
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    20525 Reed Market Rd
    Bend, OR 97702
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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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