Block Warehouse Live-Work
3625 N Hwy 97 Redmond, OR 97756
3625 N Hwy 97, Redmond, OR, 97756
$900,000
For Sale
$900,000
COMMERCIAL - Redmond, OR
Property Size3,168 SF
Lot Size1.68 Acres
Price / SF$284.09
Days on Market277
Property Features for 3625 N Hwy 97
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Garage, Driveway
- Window features
- Vinyl Frames
- Interior features
- Laminate Counters
- Standard status
- Active
- APN
- 128646
- Size
- 3,168 SF
- Lot size
- 1.68 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2233
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Heat Pump, Evaporative Cooling
- Water source
- Private, Well
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate, Carpet, Concrete
- Building materials
- Block, Frame
- Roof type
- Asphalt
Listing Agency
Desert Sky Real Estate LLC
(541) 504-9792
1655 SW Highland Ave., Ste 1, Redmond, OR
Listed by
Jeffrey Casserly · License #200606059
(541) 550-6656
Added: Oct 14, 2025 Checked: Jul 17 at 1:06 pm
MLS# 220210649
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features an existing block warehouse currently configured as a live-work unit. In addition to the main live-work space, there is an extra vacant 768-square-foot residence with 2 bedrooms and 1 bathroom. A separate 600-square-foot private well pump house is also on site.
The site has frontage on Hwy 97 directly south of the Pershall/Oneil Hwy. The New Hayden residential community and Redmond city limits abut the south property line. Per the provided information, the septic system was pumped and inspected on 7/25 and was reported to be in good condition. New Redmond wastewater treatment expansion lines connected to the Wetlands Project are described as being in process directly west of the site.
This configuration can be useful for buyers seeking a combined live-work setup while also having an additional residential unit already on the property. The presence of a private well pump house supports on-site water infrastructure, and the documented septic inspection provides a practical item for due diligence when evaluating the property for continued use or redevelopment planning.
The site has frontage on Hwy 97 directly south of the Pershall/Oneil Hwy. The New Hayden residential community and Redmond city limits abut the south property line. Per the provided information, the septic system was pumped and inspected on 7/25 and was reported to be in good condition. New Redmond wastewater treatment expansion lines connected to the Wetlands Project are described as being in process directly west of the site.
This configuration can be useful for buyers seeking a combined live-work setup while also having an additional residential unit already on the property. The presence of a private well pump house supports on-site water infrastructure, and the documented septic inspection provides a practical item for due diligence when evaluating the property for continued use or redevelopment planning.
Key Highlights
- Prime location at 'Ground ZERO' for Redmond's Northwest expansion, abutting new residential community and city limits.
- High‑traffic Hwy 97 frontage offers significant commercial potential.
- Existing block warehouse configured as a live‑work unit provides immediate use and income potential.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.8k | $25.20 |
| − Vacancy | −$6.1k | −$1.92 |
| EGI | $73.8k | $23.28 |
| − OpEx | −$33.2k | −$10.48 |
| NOI | $40.6k | $12.81 |
3,168 SF · lease $25.20/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$579.6K
$507.1K – $676.2K
NOI $40,571 @ 7.0% cap · market cap 4.51%
Second Best
Mixed Use
$574.3K
$502.5K – $670.0K
NOI $40,202 @ 7.0% cap · market cap 4.47%
Theoretical Best
Retail
$1.09M
$954.0K – $1.27M
NOI $76,321 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Hwy 97 frontage with a block live-work warehouse plus an additional vacant residence and private well pump house.
Where is this live-work space located?
The property is located at 3625 N Hwy 97 Redmond, OR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location at 'Ground ZERO' for Redmond's Northwest expansion, abutting new residential community and city limits.; High‑traffic Hwy 97 frontage offers significant commercial potential.; Existing block warehouse configured as a live‑work unit provides immediate use and income potential.
