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    Property profile & analytics

    61555 Parrell Rd Bend, OR 97702-2701

    • Medical offices
    • 2,268 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    $785,000
    Last Sale
    Feb 20, 2020
    $720,000
    Location Intelligence
    Property ID
    US71-0659199
    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

    • Dr. Lexie Ching / Naturopathic Practitioner / Service Establishment
    • Armington Chiropractic LLC / Chiropractor
    • Jason Kremer / Chiropractor
    • Alexandria Ching / Alternative Medicine Practitioner
    • Gemma Biancucci / Counselor / Marriage Or Relationship Counselor

    Property Details for 61555 Parrell Rd

    Year built
    1963
    Lot size
    0.53 lot acres
    Property size
    2,268 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    181208 AA 01501
    APU
    181208AA01501

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $745,000
      6.5%
      $795,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $695,000
      Retail
      $645,000
      Mixed-Use
      $715,000
      Hospitality
      $700,000
      Educational
      $655,000
      Residential Income
      $820,000
      Energy
      $615,000
      Income-Based Land
      $850,000
      Food Service
      $635,000

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.304
    Latitude
    44.0356
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,614
    $0.00
    $0.00
    $351,160
    -
    $680,750
    $317,070
    $997,820

    Comparable in this City

    • Value Estimation by Request
      7,935 SF

      1245 3rd St

      MEDICAL BUILDING • 7,935 SF
      1245 3rd St, Bend, OR 97702-2161
      View Details
    • Value Estimation by Request
      5,186 SF

      225 Scalehouse Loop

      MEDICAL BUILDING • 5,186 SF
      225 Scalehouse Loop, Bend, OR 97702-1272
      View Details
    • Value Estimation by Request
      3,120 SF

      115 Allen Rd

      MEDICAL BUILDING • 3,120 SF
      115 Allen Rd, Bend, OR 97702-3170
      View Details
    • Value Estimation
      $835,000
      3,109 SF

      222 Urania Ln

      MEDICAL BUILDING • 3,109 SF
      222 Urania Ln, Bend, OR 97702-1624
      View Details
    • Value Estimation by Request
      54,877 SF

      815 Bond St

      MEDICAL BUILDING • 54,877 SF
      815 Bond St, Bend, OR 97702-3593
      View Details
    • Value Estimation by Request
      21,332 SF

      1140 Simpson Ave Ste, Unit 100

      MEDICAL BUILDING • 21,332 SF
      1140 Simpson Ave Ste, Bend, OR 97702-3789
      View Details

    Similar Nearby for Sale

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      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
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    • $5,950,000
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      Prime Bend location, 100% occupied, strong cash flow.
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    • $3,900,000
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      Bend Office Building For Sale

      Office building with high visibility and established tenants for sale.
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    • $8,225,000
      27,998 SF

      Bend Office Building For Sale

      Office building for sale in Bend, Oregon's Old Mill District.
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    • $9,518,160
      39,659 SF

      Westside Property: Development Opportunity

      Westside property ideal for owner/user, investment, or future development.
      107 SW Columbia St, Bend, OR 97702
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    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
    • $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
    • $18 SF/Yr
      37,902 SF

      Westside Bend Medical Office Space

      Class A office suites, turnkey & ready
      929 Simpson 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
    • Contact for pricing
      1,829 SF

      Class A Medical Office Space

      Built-out medical office space with ample parking available for rent.
      1140 SW Simpson Ave, Bend, OR 97702
      View Details
    • $2 SF/Yr
      3,532 SF

      Medical Office Space Available

      Class A medical office space for lease in Bend, Oregon.
      1475 SW Chandler Ave, Bend, OR 97702
      View Details
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    61555 Parrell Rd
    Bend, OR 97702-2701
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    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
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