Open-Plan Retail
For Sale
Contact for pricing
412 SW Evergreen Ave, Redmond, OR 97756
Flexible zoning, on-site parking, and commercial kitchen plumbing support varied retail or service uses.
Property Size5,000 SF
Days on Market50
Property Features for 412 SW Evergreen Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Site & Location
Corner Location
No
Road Access
Yes
Building Details
Year Built
1968
Listing Agency:
Exp Realty, LLC
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 28 at 8:40AM
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 Exp Realty, LLC
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Investment Insights
Based on property information with market context.
This 5,000-square-foot retail property was built in 1968 and features a predominantly open interior layout with parking and convenient access. The space is currently configured for a fitness facility and juice or smoothie bar, while plumbing at one corner supports a commercial kitchen setup. Zoning allows a wide range of uses.
The property is in downtown Redmond at 412 SW Evergreen Ave, west of Hwy. 97 and just off Hwy. 126. Its corner-of-building kitchen plumbing and open floor plan provide practical flexibility for retail, service, and other commercial operations. Current occupancy extends through October 15, with the existing business relocating to a smaller Redmond space.
The property is in downtown Redmond at 412 SW Evergreen Ave, west of Hwy. 97 and just off Hwy. 126. Its corner-of-building kitchen plumbing and open floor plan provide practical flexibility for retail, service, and other commercial operations. Current occupancy extends through October 15, with the existing business relocating to a smaller Redmond space.
Key Highlights
- 5,000‑square‑foot retail building constructed in 1968
- Predominantly open floor plan with on‑site parking
- Zoned for a wide variety of uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,456
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,120
$2.4M
Cap Rate 7%
$1,720,800
$1.7M
Cap Rate 9%
$1,338,400
$1.3M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$180.0K $36.00/SF
− Vacancy
−$7.9K −$1.58/SF
EGI
$172.1K $34.42/SF
− OpEx
−$51.6K −$10.32/SF
NOI
$120.5K $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%
$2,409,120
Cap Rate 7%
$1,720,800
Cap Rate 9%
$1,338,400
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,456 @ 7.0% cap · market cap 12,045,600.00%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible zoning, on-site parking, and commercial kitchen plumbing support varied retail or service uses.
Where is this retail space located?
The property is located at 412 SW Evergreen Ave Redmond, OR.
What are key features of this property?
This property features: 5,000‑square‑foot retail building constructed in 1968; Predominantly open floor plan with on‑site parking; Zoned for a wide variety of uses
