Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    61200 SE 27Th St Bend, OR 97702
    Back to Search
    Property profile & analytics

    61200 SE 27Th St, Bend, OR 97702

    View on Map
    • Commercial real estate
    • 261.00 lot acres
    For Sale
    View Listing →
    Bend, Oregon Land For Sale For Sale
    Contact for pricing
    261.66 Acres

    Bend, Oregon Land For Sale

    Land available for purchase in Bend, Oregon.

    61200 SE 27th St, Bend, OR
    View Listing
    Property ID
    US71-1210932
    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

    • Commercial real estate

    Property Details for 61200 SE 27Th St

    Lot size
    261.00 lot acres
    Property type
    Commercial real estate
    APN
    181211-00-00100

    Description

    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.

    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
    -121.248002
    Latitude
    44.02868

    Comparable in this City

    • New
      $789,995
      Pending

      Bend Multifamily Property with Development Potential

      Well-maintained duplex in SE Bend with development potential.
      61683 Daly Estates Dr, Bend, OR 97702
      View Details
    • New
      $1,060,000
      Pending

      Bend Triplex Investment Opportunity

      Well-maintained triplex in Bend with solid rental history.
      1284 SW Mill Pond Pl, Bend, OR 97702
      View Details
    • $1,350,000
      2,336 SF

      Versatile Duplex with ADU Potential

      Spacious duplex on 1.14 acres with two ADUs.
      61620 Daly Estates Dr, Bend, OR 97702
      View Details
    • Contact for pricing

      Remodeled Bend Quadplex For Sale

      Four-unit multifamily property in Bend, Oregon, remodeled in 2022/23.
      404 SE Railroad St, Bend, OR 97702
      View Details
    • $655,000
      17.08 Acres

      Bend Land with Mountain Views

      17.08-acre parcel with mountain views and 1800sf shop.
      60148 Stirling Dr, Bend, OR 97702
      View Details

    Similar Nearby for Sale

    • New
      $789,995
      Pending

      Bend Multifamily Property with Development Potential

      Well-maintained duplex in SE Bend with development potential.
      61683 Daly Estates Dr, Bend, OR 97702
      View Details
    • $1,350,000
      2,336 SF

      Versatile Duplex with ADU Potential

      Spacious duplex on 1.14 acres with two ADUs.
      61620 Daly Estates Dr, Bend, OR 97702
      View Details
    • New
      $1,060,000
      Pending

      Bend Triplex Investment Opportunity

      Well-maintained triplex in Bend with solid rental history.
      1284 SW Mill Pond Pl, Bend, OR 97702
      View Details
    • Contact for pricing

      Remodeled Bend Quadplex For Sale

      Four-unit multifamily property in Bend, Oregon, remodeled in 2022/23.
      404 SE Railroad St, Bend, OR 97702
      View Details
    • $519,000

      Bend Land For Sale

      Land available for purchase in Bend, Oregon.
      3 SW Taft Ave, Bend, OR 97702
      View Details
    • $1,270,000

      Land For Sale in Bend

      Land available in Deschutes County, Bend, Oregon.
      20192 Reed Ln, 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
      View Details
    • $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
      View Details
    • $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
      View Details
    • 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
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    61200 SE 27Th St
    Bend, OR 97702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    61200 SE 27Th St, Bend, OR, 97702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!