Flex Space with
For Sale
Contact for pricing
1263 SW Lake Rd #203, Redmond, OR 97756
Industrial spaces offer offices, restrooms, roll-up access, 220 amp power, and gas-heated shop areas.
Property Size9,600 SF
Days on Market50
Property Features for 1263 SW Lake Rd #203
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Buildings
3
Listing Agency:
Real Broker
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 6:24AM
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 Real Broker
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Investment Insights
Based on property information with market context.
The 2019 industrial complex at 1263 SW Lake Rd #203 includes three buildings and two available flex spaces. One unit measures 1.360 Sq. Ft. and includes a standard grade-level roll-up door. The second provides 1,920 Sq. Ft. in a drive-through layout with two roll-up doors. Both spaces include offices and restrooms, while the shop areas are equipped with 220 amp power and gas heat.
The property contains 9,600 square feet overall and offers direct access to Highway 97, supporting movement of vehicles, materials, and equipment. Water, sewer, and garbage are included in the NNN structure; tenants are responsible for gas and power costs.
The property contains 9,600 square feet overall and offers direct access to Highway 97, supporting movement of vehicles, materials, and equipment. Water, sewer, and garbage are included in the NNN structure; tenants are responsible for gas and power costs.
Key Highlights
- Two available flex spaces within a three‑building industrial complex
- 1.360 Sq. Ft. unit with one standard grade‑level rollup door
- 1,920 Sq. Ft. drive‑through unit with two rollup doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,654
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,080
$1.8M
Cap Rate 7%
$1,266,486
$1.3M
Cap Rate 9%
$985,044
$985.0K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$130.2K $13.56/SF
− Vacancy
−$3.5K −$0.37/SF
EGI
$126.6K $13.19/SF
− OpEx
−$38.0K −$3.96/SF
NOI
$88.7K $9.23/SF
Area
Deschutes County, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,080
Cap Rate 7%
$1,266,486
Cap Rate 9%
$985,044
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $107,951 @ 7.0% cap · market cap 10,795,100.00%
Second Best
Warehouse
$1.54M
$1.35M – $1.79M
NOI $107,651 @ 7.0% cap · market cap 10,765,100.00%
Theoretical Best
Retail
$3.30M
$2.89M – $3.85M
NOI $231,276 @ 7.0% cap · market cap 23,127,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,206
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial spaces offer offices, restrooms, roll-up access, 220 amp power, and gas-heated shop areas.
Where is this flex space located?
The property is located at 1263 SW Lake Rd #203 Redmond, OR.
What are key features of this property?
This property features: Two available flex spaces within a three‑building industrial complex; 1.360 Sq. Ft. unit with one standard grade‑level rollup door; 1,920 Sq. Ft. drive‑through unit with two rollup doors
