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    20525 SE Reed Market Rd Bend, OR 97702
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    20525 SE Reed Market Rd, Bend, OR 97702

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    • Residential land & home lots
    Off-Market
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 20525 SE Reed Market Rd

    Property type
    Residential land & home lots

    Description

    Start construction this year! Canal front 1 acre lot with entitlements in place for a 12-lot subdivision. Utility stubs and new access road are at the property line. 6 of the lots back to the COID irrigation canal and there is a pedestrian bridge to access the historic canal trail at the property corner. Contact listing broker for property details including: Entitlements, cost estimates and potential to increase density.

    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
    -121.2983277
    Latitude
    44.0383351

    Comparable in this City

    • $375,000
      Pending

      Bend, Oregon Homesite with Views

      2.21-acre homesite with high desert views near BLM lands.
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    • $395,000
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      Residential Land Near Mt. Bachelor

      Land near Mt. Bachelor and downtown Bend with architectural plans.
      61175 SW Tippytoe Pl, Bend, OR 97702
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    • $299,995
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      Residential Land in Southeast Bend

      Oversized lot in established neighborhood, ready for new construction.
      20589 Ambrosia Ln, Bend, OR 97702
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    • $400,000
      0.32 Acres

      Bend, OR Land Opportunity

      0.32 acre lot in Widgi Creek, Bend, OR.
      18826 Peony Pl, Bend, OR 97702
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    • $650,000
      2.61 Acres

      Bend Acreage: Build Your Dream

      2.61 acre lot in SW Bend, close to amenities.
      19734 Buck Canyon Rd, Bend, OR 97702
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    • $1,270,000
      0.95 Acres

      Bend Multifamily Development Opportunity

      0.95-acre site suitable for multifamily development in SW Bend.
      20192 Reed Ln, Bend, OR 97702
      View Details

    Similar Nearby for Sale

    • $375,000
      Pending

      Bend, Oregon Homesite with Views

      2.21-acre homesite with high desert views near BLM lands.
      22486 Yukon Ln, Bend, OR 97702
      View Details
    • $395,000
      0.11 Acres

      Residential Land Near Mt. Bachelor

      Land near Mt. Bachelor and downtown Bend with architectural plans.
      61175 SW Tippytoe Pl, Bend, OR 97702
      View Details
    • $299,995
      0.54 Acres

      Residential Land in Southeast Bend

      Oversized lot in established neighborhood, ready for new construction.
      20589 Ambrosia Ln, Bend, OR 97702
      View Details
    • $425,000
      5.81 Acres

      Buildable Acreage in Southeast Bend

      5.81 acres in Southeast Bend, close to amenities.
      60570 Billadeau Rd, Bend, OR 97702
      View Details
    • $400,000
      0.32 Acres

      Bend, OR Land Opportunity

      0.32 acre lot in Widgi Creek, Bend, OR.
      18826 Peony Pl, Bend, OR 97702
      View Details
    • $650,000
      2.61 Acres

      Bend Acreage: Build Your Dream

      2.61 acre lot in SW Bend, close to amenities.
      19734 Buck Canyon Rd, Bend, OR 97702
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1140 SW Simpson Ave, Bend, OR 97702
      View Details
    • Contact for pricing

      Bend, Oregon Commercial Space

      Commercial space available for lease in Bend, Oregon.
      61430 American Ln, Bend, OR 97702
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    • $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
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    • $2.00 SF/Yr

      Turn-Key Office Condo in Bend

      Two-story office condo in the Old Mill District.
      376 SW Bluff Dr, Bend, OR 97702
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    • Contact for pricing
      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
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    20525 SE 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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    20525 SE Reed Market Rd, Bend, OR, 97702
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