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    948 SW Veterans Way Redmond, OR

    Sponsored
    For Sale
    $2,750,000

    3,328 SF Office, Owner-User or Investment

    Property size:
    3,328 SF

    Description

    Added:
    Jan 30, 2025
    Days on Market:
    341
    This 3,328 square foot office building presents a unique owner-user or investment opportunity in Redmond, Oregon. Previously a bank branch, the property boasts a desirable location in a high-traffic retail area adjacent to major retailers like Fred Meyer and Lowe's, ensuring high visibility. Situated on a 0.56-acre lot, the building offers convenient access to Highways 126 and 97, as well as SW 6th Street. The property features approximately 18 dedicated parking spaces (quantity to be confirmed), a two-lane drive-thru, and excellent visibility from Veterans Way, Indian Avenue, and Kalama Avenue, even within the Fred Meyer parking lot. Internal features include an open lobby, two offices, a separate work area, storage room, vault, IT/electrical room, janitorial closet, break room, and two restrooms. Veterans Way experiences approximately 5,000 vehicles per day between Highland and Glacier Avenues. The asking price is $2,750,000. This property is ideal for a business seeking a high-profile location with ample parking and convenient access to major transportation routes. Serious inquiries only.

    Property Features for 948 SW Veterans Way

    General Information

    Property type
    Other office properties
    Investment Type
    owner-user
    Square Feet
    3,328 SF
    Price / Square Foot
    $826
    Elevators
    N/A
    Lot Size
    24,394 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Redmond location near major retailers like Fred Meyer and Lowe's.
    • 3,328 square foot building offers versatile owner‑user or investment potential.
    • Features include a drive‑thru, ample parking, and high visibility from major roadways.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    State
    Oregon
    Longitude
    -121.178554
    Latitude
    44.267659

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    FAQs

    What type of property is this?
    Office property - 3,328 SF Office, Owner-User or Investment
    Where is this office property located?
    The property is located at 948 SW Veterans Way Redmond, OR.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Prime Redmond location near major retailers like Fred Meyer and Lowe's.; 3,328 square foot building offers versatile owner-user or investment potential.; Features include a drive-thru, ample parking, and high visibility from major roadways.
    (971) 350-7741
    Request Owner's contact information
    948 SW Veterans Way Redmond, OR
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    948 SW Veterans Way
    Redmond, OR
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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
    948 SW Veterans Way Redmond, OR
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