Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    61554 Parrell Rd Bend, OR 97702

    • Commercial real estate
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0429857
    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 61554 Parrell Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1-acre parcel in Bend, Oregon, presents a remarkable opportunity for multifamily development. Located at 61554 Parrell Rd, in Deschutes County, zip code 97702 (44.0352804, -121.3037088), this property is zoned RM, allowing for the construction of up to 21.5 residential units. The land's ideal location within the desirable Southeast Bend area offers convenient access to local amenities, attractions, and transportation routes. The asking price for this prime development site is $1,200,000. This represents a significant investment opportunity for developers seeking to capitalize on Bend's thriving real estate market and strong demand for residential housing. The property's zoning designation ensures a streamlined development process, minimizing potential delays and uncertainties. With its substantial development potential and strategic location, this 1-acre lot is poised to deliver exceptional returns. Serious inquiries are encouraged to explore the full potential of this remarkable property and its capacity to generate significant value. All information provided is deemed reliable but not guaranteed and should be independently verified.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3037088
    Latitude
    44.0352804

    Comparable in this City

    • $630,000
      Pending

      Bend Duplex: Investment Opportunity

      Charming duplex in SE Bend, great investment or owner-occupy opportunity.
      501 SE Wilson Ave, 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
      View Details
    • $165,000

      Bend 55+ Park Home

      Three-bedroom, two-bath home in a desirable 55+ community.
      1001 SE 15Th St, 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

    Similar Nearby for Sale

    • $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
      View Details
    • $630,000
      Pending

      Bend Duplex: Investment Opportunity

      Charming duplex in SE Bend, great investment or owner-occupy opportunity.
      501 SE Wilson Ave, Bend, OR 97702
      View Details
    • $165,000

      Bend 55+ Park Home

      Three-bedroom, two-bath home in a desirable 55+ community.
      1001 SE 15Th St, 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

    Similar Nearby for Lease

    • $21 SF/Yr
      17,000 SF

      Bend Office Suite - Prime Location

      4,133 SF Office Space Available in Bend, OR
      296 Columbia St, Bend, OR 97702
      View Details
    • $27 SF/Yr
      6,323 SF

      Bend Restaurant - High Visibility

      Prime Bend restaurant space, 6,323 sq ft.
      1441 Chandler Ave, Bend, OR 97702
      View Details
    • $2 SF/Yr
      5,894 SF

      Westside Bend Medical Office Space

      Sublease medical office space near OSU Cascades through 2027.
      1715 SW Chandler Ave, Bend, OR 97702
      View Details
    • $11 SF/Yr
      1,800 SF

      Bend Office Space: 1,800 SF Available

      Prime Bend location, 1,800 sq ft office space for lease.
      235 Yew Ln, Bend, OR 97702
      View Details
    • $27 SF/Yr
      3,255 SF

      Vision Plaza Office Suites in Bend, OR

      Class A Office Space, Bend, Oregon
      404 Columbia St, Bend, OR 97702
      View Details
    • $22 SF/Yr
      2,651 SF

      Bend Executive Office Space for Lease

      Prime Bend Office, Riverfront Views, 2651 SF
      233 Wilson Ave, Bend, OR 97702
      View Details
    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.
    61554 Parrell Rd
    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 Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.