Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3219 NW 7Th St Redmond, OR 97756

    Sponsored
    For Sale
    $135,000

    Residential Lots - Redmond, OR

    Lot size:
    0.16 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 24 at 10:06 am

    Property Features for 3219 NW 7Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MUN
    APN
    292541
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Expense value
    60
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Everett

    RE/MAX Key Properties (541) 728-0033

    Listing agent Gary Everett (541) 728-0033 License #850200089

    Listing date Jan 12, 2026

    MLS# 220213623 Listing URL

    Copyright © 2026 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Redmond Residential Lots For Sale

    These shovel-ready, level building sites represent an opportunity to build a live/work home in a new neighborhood with a park in North Redmond. One of five contiguous lots, each parcel has rear alley access. Potential home designs include a 3-bedroom residence with a great room, 2 baths, and a garage, plus a 1-bedroom apartment (ADU) with garage, plus a small office with a half bath. The property is suitable for working from home or renting all three units. Floor plans and elevations are available, and custom designs are also an option. Extra parking is available across the rear alley. All utilities are stubbed to each parcel. The property is subject to CC&Rs, a minor HOA, and a City slope easement on the south boundary. Potential seller terms are available. The lots are located near good schools. The lot size is 0.16 acres and the zoning is MUN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.174524
    Latitude
    44.305901

    Nearby Similar for Sale

    • $559,900
      0.19 Acres

      Redmond Duplex with Fenced Yards

      Single-story duplex in NE Redmond with garages and fenced yards.
      569 NE Negus Loop, Redmond, OR 97756
      View Details
    • $599,900
      Pending

      Redmond Duplex with RV Pad

      Well-maintained duplex with garages, yards, and RV pad.
      2723 SW Salmon Ave, Redmond, OR 97756
      View Details
    • $1,650,000
      0.30 Acres

      Redmond Quadruplex Investment Opportunity

      New construction quadraplex in desirable SW Redmond neighborhood.
      3969 SW Badger Ave, Redmond, OR 97756
      View Details
    • $1,600,000
      0.36 Acres

      Redmond Quadruplex Investment Opportunity

      New construction quadraplex in desirable SW Redmond neighborhood.
      3945 SW Badger Ave, Redmond, OR 97756
      View Details
    • New
      $1,200,000
      4,040 SF

      Redmond Retail/Office Building For Sale

      Retail or office building with additional lot and rental income.
      1037 NW 6Th St, Redmond, OR 97756
      View Details
    • $825,000
      0.19 Acres

      Redmond Industrial Mixed-Use Building

      Industrial building with mixed-use zoning, ideal for owner/user.
      407 SE Warsaw St, Redmond, OR 97756
      View Details
    • $875,000
      0.06 Acres

      Downtown Redmond Commercial Building For Sale

      2,500 SF commercial building in Redmond's downtown core.
      423 SW 6Th St, Redmond, OR 97756
      View Details
    • $900,000
      1.68 Acres

      Redmond Mixed-Use Property For Sale

      Mixed-use property with highway frontage and expansion potential in Redmond, OR.
      3625 Highway 97 N, Redmond, OR 97756
      View Details
    • $1,195,000
      0.06 Acres

      Redmond Mixed-Use Property For Sale

      Mixed-use property in Midtown Redmond with retail and residential units.
      435 SW 6Th St, Redmond, OR 97756
      View Details
    • $475,000

      Redmond Ranch Home with Pond

      Serene ranch home on 0.4 acre lot with pond.
      2636 SW Mariposa Loop, Redmond, OR 97756
      View Details
    • $385,000
      1,266 SF

      Eagle Crest Townhome on Fairway

      Furnished 2-bedroom townhome on Eagle Crest Resort's Ridge Course.
      987 Golden Pheasant Dr, Redmond, OR 97756
      View Details
    • $516,900
      1,871 SF

      Eagle Crest Townhome with Mountain Views

      1871 sq ft townhome in Eagle Crest Resort.
      10870 Village Loop, Redmond, OR 97756
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Shovel-ready residential lots in new North Redmond neighborhood.
    Where is this residential land & home lot located?
    The property is located at 3219 NW 7Th St Redmond, OR.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Shovel-ready, level building site in a new neighborhood with a park.; - Potential for a live/work home featuring a 3-bedroom residence, 1-bedroom ADU, and office.; - Rear alley access and extra parking available.
    (541) 728-0033
    Request Owner's contact information
    3219 NW 7Th St Redmond, OR 97756
    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.
    3219 NW 7Th St
    Redmond, OR 97756
    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
    3219 NW 7Th St Redmond, OR 97756
    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

    We can help!
    Listing Contact
    Gary Everett
    Real Estate License ID: 850200089
    (541) 728-0033
    Learn more
    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.