1116 SW Obsidian Avenue, Redmond, OR 97756
For Sale
$799,000
Residential land & home lots
Property Size3,000 SF
Price / SF$266.33
Days on Market56
Property Features for 1116 SW Obsidian Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Courtyard
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Compass Commercial Real Estate
(541) 383-2444
Listed By:
Adam Bledsoe · License OR #201223006
(208) 866-5849
Source:
Kendonleet
Added: Sep 15
Changed: Nov 4
Last Checked: Nov 9 at 4:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial Real Estate
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,274
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,480
$1.4M
Cap Rate 7%
$1,032,486
$1.0M
Cap Rate 9%
$803,044
$803.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$108.0K $36.00/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$103.2K $34.42/SF
− OpEx
−$31.0K −$10.32/SF
NOI
$72.3K $24.09/SF
Area
Deschutes County, OR
Vacancy
4.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,480
Cap Rate 7%
$1,032,486
Cap Rate 9%
$803,044
Alternative Uses
Best Use
Retail
$1.03M
$903.4K – $1.20M
NOI $72,274 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 1116 SW Obsidian Avenue Redmond, OR.
What is the asking price?
The asking price for this property is $799,000.
