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    948 SW Veterans Way Redmond, OR 97756

    For Sale
    $2,750,000

    Redmond retail property with drive-thru, ideal for owner-user.

    Property size:
    3,328 SF
    Lot size:
    0.56 Acres

    Property Features for 948 SW Veterans Way

    General Information

    Size
    3,328 SF
    Lot size
    0.56 Acres

    Source: Cresa | Portland Agent Sean Brennecke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Bank Branch with Drive-Thru

    This former bank branch in Redmond, Oregon, presents an opportunity for an owner-user or investor. The property features a 2-lane drive-thru and includes 18 dedicated parking spaces, though the exact quantity is to be confirmed. Situated in a high-traffic retail and services area, the property is adjacent to Fred Meyer and Lowe’s. It benefits from visibility from Veterans Way, Indian Ave, Kalama Ave, and within the Fred Meyer parking lot. The location offers convenient access to and from Hwy 126 (Highland & Glacier Aves), Hwy 97, and SW 6th St. Traffic counts on Veterans Way from Highland Ave are approximately 5,000 vehicles per day. The building size is 3,328 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    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
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.177894
    Latitude
    44.268113

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    FAQs

    What type of property is this?
    Bank - Redmond retail property with drive-thru, ideal for owner-user.
    Where is this bank 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: - High visibility from Veterans Way, Indian Ave, Kalama Ave and within the Fred Meyer parking lot.; - Located in a high-traffic retail area adjacent to Fred Meyer and Lowe’s.; - Benefit from the convenience of a 2-lane drive-thru.
    (503) 351-7788
    Request Owner's contact information
    948 SW Veterans Way Redmond, OR 97756
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    Redmond, OR 97756
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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 97756
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