Property profile

61200 SE 27Th St Bend, OR 97702

FOR SALE
Land
Property ID
US71-1210932
261 ac lot
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61200 SE 27Th St, Bend, OR 97702 For Sale
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61200 SE 27Th St, Bend, OR 97702
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Property summary

AI-generated overview

This exceptional 262± acre land parcel, located at 61200 SE 27th St, Bend, OR 97702 (APN 181211-00-00100), presents a unique chance to create a landmark master-planned community. Situated in Deschutes County's Urbanizable Area (UA) zoning, this property is primed for development, having recently been added to the Comprehensive Plan and included within the Urban Growth Boundary (UGB). It's ready for master plan approval and annexation into the City of Bend. The site's permitted uses include residential, multifamily, commercial, and mixed-use developments, allowing for a diverse and vibrant community. Plans allow for a minimum of 2,487 residential units, with a designated area for commercial and mixed-use employment opportunities, addressing Bend's growing need for housing and jobs. The property boasts a highly desirable location at the southeastern edge of Bend, adjacent to the new Stevens Ranch Master Plan and easily accessible via Stevens Road, a major arterial street. The relatively level topography offers stunning views of the Cascade Mountains. This developer-ready site in one of America's fastest-growing cities provides an unparalleled investment opportunity in a thriving market with abundant amenities, including numerous parks and trails. The property's size and versatility make it an ideal location for a large-scale development project that will significantly contribute to Bend's continued growth and prosperity.

Property profile

Verified
Property type Land
Lot 261 ac (11,369,160 SF)
UPID US71-1210932

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

61200 SE 27Th St Bend, OR 97702
Bend metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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