Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    63570 Hunnell Rd Bend, OR 97703-1255
    Back to Search
    Property profile & analytics

    63570 Hunnell Rd Bend, OR 97703-1255

    View on Map
    • Commercial land
    • 1.46 lot acres
    Off-Market
    Last Sale Jun 6, 2023
    Property ID
    US71-0335844
    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 land

    Property Details for 63570 Hunnell Rd

    Lot size
    1.46 lot acres
    Property type
    Commercial land
    APN
    171216 B0 00303
    APU
    171216B000303

    Description

    This exceptional 1.46-acre parcel, zoned CG, presents a unique investment opportunity in Bend, Oregon's thriving "Golden Triangle." Situated at 63570 NE Hunnell Rd, this property enjoys a prime location adjacent to the Gateway North master-planned development, featuring a new Costco and a proposed 252-unit housing development. The site's proximity to major retailers like Target, Home Depot, and Lowe's ensures high visibility and accessibility. A pre-application concept exists for a five-story mixed-use building, encompassing 713 storage units and 26 multifamily units, with a projected stabilized value of approximately $30,500,000 based on a 5.35% blended cap rate. The property's 126,800 square feet offers significant development potential, with a land value of $40.88 per square foot. The seller is open to partnering with or acting as a fee developer for a new investor looking to pursue the existing concept or explore alternative uses permitted under the CG zoning. This is a rare chance to capitalize on Bend's robust growth and acquire a strategically located asset in a high-demand area. The asking price is $2,600,000.

    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
    -121.301
    Latitude
    44.1079
    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
    $12,165
    $0.00
    $0.00
    $760,940
    -
    $1,213,170
    $0.00
    $1,213,170

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      2700 Xing Dr

      VACANT COMMERCIAL LAND • 0.06 Acres
      2700 Xing Dr, Bend, OR 97703-6793
      View Details
    • Value Estimation by Request
      0.06 Acres

      2688 Xing Dr

      VACANT COMMERCIAL LAND • 0.06 Acres
      2688 Xing Dr, Bend, OR 97703-6704
      View Details
    • Value Estimation by Request
      0.07 Acres

      Bend, OR 97703

      VACANT COMMERCIAL LAND • 0.07 Acres
      Bend, OR 97703
      View Details
    • Value Estimation by Request
      0.10 Acres

      Bend, OR 97703

      VACANT COMMERCIAL LAND • 0.10 Acres
      Bend, OR 97703
      View Details
    • Value Estimation by Request
      0.50 Acres

      19859 8th St

      VACANT COMMERCIAL LAND • 0.50 Acres
      19859 8th St, Bend, OR 97703-9042
      View Details
    • Value Estimation by Request
      0.10 Acres

      712 Arizona Ave

      VACANT COMMERCIAL LAND • 0.10 Acres
      712 Arizona Ave, Bend, OR 97703-3296
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oregon Timberland and Recreation Investment

      32,995 acres of timberland near Bend, Oregon.
      Bull Springs Rd, Bend, OR 97703
      View Details
    • $500,000
      0.22 Acres

      Commercially Zoned Lot in Tumalo

      Desirable commercial lot in downtown Tumalo with improvements.
      64624 Cook Ave, Bend, OR 97703
      View Details
    • $1,775,000
      Pending

      Bend Retail Site For Sale

      1.2 acre retail site with highway exposure and access.
      3650 State Highway 97 N, Bend, OR 97703
      View Details
    • Contact for pricing
      731,808 SF

      Bend Land Near Future Costco

      16.8 acres near future Costco with development potential.
      63672 O B Riley Rd, Bend, OR 97703
      View Details
    • $14,600,000

      Bend Commercial Land Opportunity

      14.61 acres of commercial land for sale in Bend.
      20160 Cooley Rd, Bend, OR 97703
      View Details
    • $895,000
      Pending

      Bend Commercial Shell Opportunity

      Commercial shell in central Bend, ready for custom build-out.
      67 NW Greenwood Ave, Bend, OR 97703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Highway 97

      Commercial land with excellent access to Santiam Highway and Highway 97.
      63545 Hunnell Rd, Bend, OR 97703
      View Details
    • $2 SF/Yr
      894 SF

      Retail Space Available For Lease

      Retail space available for lease in Bend, Oregon.
      1444 College Way NW, Bend, OR 97703
      View Details
    • $21 SF/Yr

      Office Space For Lease

      Office space available for lease.
      141 NW Greenwood Ave, Bend, OR 97703
      View Details
    • $2.00 SF/Yr

      Downtown Bend Office Sublease

      Second floor office space in the heart of Downtown Bend.
      1000 NW Wall St, Bend, OR 97703
      View Details
    • $985 /Mo
      57,499 SF

      Bend Office Suite For Rent

      Small office suite near McKay Cottage Restaurant. Rent includes utilities.
      62910 O B Riley Rd, Bend, OR 97703
      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.
    63570 Hunnell Rd
    Bend, OR 97703-1255
    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
    63570 Hunnell Rd, Bend, OR, 97703
    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!