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Property profile & analytics
OFF-MARKET
Commercial real estate

61554 Parrell Rd Bend, OR 97702

1 ac lot
Property ID
US71-0429857
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 1 ac (43,560 SF)
UPID US71-0429857
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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