Flex Space with Roll-Up
For Sale
Contact for pricing
1263 SW Lake Rd #301, Redmond, OR 97756
Two operational spaces combine office and restroom areas with shop power, gas heat, and direct Highway 97 access.
Property Size6,800 SF
Days on Market50
Property Features for 1263 SW Lake Rd #301
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2019
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 7:04AM
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.
This 2019 industrial complex comprises three buildings and includes two available flex spaces. One unit contains 1,360 square feet with an office, restroom, and one standard grade-level roll-up door. The second provides 1,920 square feet in a drive-through layout with two roll-up doors. Both spaces include 220-amp power, gas heat in the shop areas, offices, and restrooms.
The property is located at 1263 SW Lake Road with quick, direct access to Highway 97. Water, sewer, and garbage are included in the NNN charges, while occupants are responsible for gas and power expenses.
The property is located at 1263 SW Lake Road with quick, direct access to Highway 97. Water, sewer, and garbage are included in the NNN charges, while occupants are responsible for gas and power expenses.
Key Highlights
- 2019 industrial complex with three buildings
- 1,360‑square‑foot unit with one standard grade‑level roll‑up door
- 1,920‑square‑foot drive‑through unit with two roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,796
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,920
$1.3M
Cap Rate 7%
$897,086
$897.1K
Cap Rate 9%
$697,733
$697.7K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$92.2K $13.56/SF
− Vacancy
−$2.5K −$0.37/SF
EGI
$89.7K $13.19/SF
− OpEx
−$26.9K −$3.96/SF
NOI
$62.8K $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%
$1,255,920
Cap Rate 7%
$897,086
Cap Rate 9%
$697,733
Alternative Uses
Best Use
Flex RnD
$1.09M
$955.8K – $1.27M
NOI $76,465 @ 7.0% cap · market cap 7,646,500.00%
Second Best
Warehouse
$1.09M
$953.2K – $1.27M
NOI $76,253 @ 7.0% cap · market cap 7,625,300.00%
Theoretical Best
Retail
$2.34M
$2.05M – $2.73M
NOI $163,820 @ 7.0% cap · market cap 16,382,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two operational spaces combine office and restroom areas with shop power, gas heat, and direct Highway 97 access.
Where is this flex space located?
The property is located at 1263 SW Lake Rd #301 Redmond, OR.
What are key features of this property?
This property features: 2019 industrial complex with three buildings; 1,360‑square‑foot unit with one standard grade‑level roll‑up door; 1,920‑square‑foot drive‑through unit with two roll‑up doors
