498 Sw Veterans Way Redmond, OR 97756
2,700 SF light industrial building near Redmond Airport.
- Added:
- Oct 30, 2025
- Days on Market:
- 256
- Last Refresh:
- Jun 30 at 7:20 am
Property Features for 498 Sw Veterans Way
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.88 Acres
Listing office Compass Commercial Real Estate (541) 480-9873
Listing date Oct 30, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Strategic location within the Redmond Enterprise Zone near the airport.
- Versatile 2,700 SF building with a mix of office, warehouse, and covered storage.
- Large 0.88‑acre lot with ample yard space for outdoor storage or expansion.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $18.00 |
| − Vacancy | −$1.9k | −$0.70 |
| EGI | $46.7k | $17.30 |
| − OpEx | −$16.3k | −$6.05 |
| NOI | $30.4k | $11.24 |
