Turnkey Office Building
For Sale
$750,000
Pending
544 SW 4th Street, Redmond, OR 97756
Commercial Sale, Redmond, OR
Property Size1,606 SF
Lot Size0.13 Acres
Days on Market201
Property Features for 544 SW 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2
Parking features
On Street
Window features
Wood Frames
Interior features
Vaulted Ceiling(s)
Subdivision
Townsite Of Redmond
Lot features
Level
Standard status
Pending
APN
123516
Size
1,606 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4800
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
vaulted ceilings
polished concrete floors
wood-framed windows
conference/meeting room
kitchenette
Building Details
Year built
2019
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Frame
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeService · Berkshire Hathaway HomeServices
(541) 322-8880
Listed By:
Raechelle A Boddy · License #201219703
(248) 935-4592
Added: Feb 3
Changed: Aug 19
Last Checked: Aug 23 at 1:06PM
MLS# 220214683
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.
Turnkey 2019 office/medical building offering a functional, efficient layout designed for a professional client and staff setting. Interior features include vaulted ceilings, polished concrete floors, and wood-framed windows for natural light. The suite includes six private offices, one suited for reception or check-in, a conference/meeting room, kitchenette, and two bathrooms.
The exterior presents wood accent cladding with concrete block elements and includes three covered parking stalls, including an ADA space. The property is identified with C2 zoning, supporting a range of professional uses.
The available configuration is well-suited for an owner-user who wants dedicated private offices along with a dedicated meeting space, complemented by onsite covered parking.
The exterior presents wood accent cladding with concrete block elements and includes three covered parking stalls, including an ADA space. The property is identified with C2 zoning, supporting a range of professional uses.
The available configuration is well-suited for an owner-user who wants dedicated private offices along with a dedicated meeting space, complemented by onsite covered parking.
Key Highlights
- Turnkey 2019 office/medical building - ready for immediate occupancy and use.
- Functional, efficient layout with 6 private offices, conference room, kitchenette, and 2 bathrooms.
- Excellent natural light due to vaulted ceilings, polished concrete floors, and wood‑framed windows.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,063
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,260
$461.3K
Cap Rate 7%
$329,471
$329.5K
Cap Rate 9%
$256,256
$256.3K
Market Conditions
NOI Build-Up for 1,606 SF
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.
Gross rent
$32.8K $20.40/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$30.8K $19.15/SF
− OpEx
−$7.7K −$4.79/SF
NOI
$23.1K $14.36/SF
Area
Deschutes County, OR
Vacancy
6.14%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,260
Cap Rate 7%
$329,471
Cap Rate 9%
$256,256
Alternative Uses
Best Use
Office B
$329.5K
$288.3K – $384.4K
NOI $23,063 @ 7.0% cap · market cap 3.08%
Second Best
Healthcare Medical
$325.9K
$285.2K – $380.2K
NOI $22,814 @ 7.0% cap · market cap 3.04%
Theoretical Best
Retail
$552.7K
$483.6K – $644.8K
NOI $38,690 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97756, OR
42,168
Population
18,335
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
92%
High-School Grad
126.3 sq mi
ZIP Area
334
Density / Sq Mi
$84,067
Median Household Income
$41,909
Median Earnings
$1,473
Median Rent
$469,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Highland Veterinary Hospital — 839 SW Highland Ave, Redmond, OR 97756
- Snip Central - Spay, Neuter and Vaccines — 250 NW 7th St, Redmond, OR 97756
- Poet Rachel DVM — 839 SW Highland Ave, Redmond, OR 97756
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2019 office-medical building with vaulted ceilings, polished concrete floors, private offices, conference room, and covered parking.
Where is this medical office space located?
The property is located at 544 SW 4th Street Redmond, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Turnkey 2019 office/medical building - ready for immediate occupancy and use.; Functional, efficient layout with **6 private offices, conference room, kitchenette, and 2 bathrooms.**; Excellent natural light due to vaulted ceilings, polished concrete floors, and wood‑framed windows.
