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Four-Suite Flex Building
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501 SW Veterans Way #103, Redmond, OR 97756

Each suite pairs an insulated shop with office space, a restroom, and fenced outdoor storage.

Space Size1,800 SF
Property Size7,200 SF
Days on Market261

Property Features for 501 SW Veterans Way #103

General Information

Standard status Active
Size 1,800 SF
Net Rentable 1,800 SF
Zoning M2
Lease Type NNN

Space & Availability

Available Space 1,800 SF
Contiguous Space 1,800 SF
Space Use Industrial

Lease Terms

Lease Rate $1.20 /SF/MO
Monthly Rent $2,160
Rent per SF/Year $14.40
CAM $0.46 /SF/MO
Lease Term 60 months

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Warehouse & Industrial

Voltage 240 V
Three-Phase Power Yes
Warehouse Heated Yes

Taxes and HOA fees

Annual Taxes $6,411

Amenities

Smart Lighting
Smart Thermostat
High Speed Internet

Building Details

Building Size 7,200 SF
Year Built 2026
Buildings 1
Stories 1
Units 4
Tenancy Multi
Listing Agency: Century 21 North Homes Realty
Listed By: Bruce Barrett · License #860600301
Source: Kendonleet
Added: Feb 13 Changed: Oct 30 Last Checked: Oct 30 at 3:07PM

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 Century 21 North Homes Realty

Rey
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Investment Insights

Based on property information with market context.

Completed in 2026, this 7,200-square-foot flex building is arranged as four 1,800-square-foot suites. Each space includes a restroom, an office with ductless A/C, and an insulated shop heated by electric forced air. Three-phase, 240-volt power and a roll-up door serve each suite, with fenced outdoor storage provided alongside each space. The property is zoned M2 and has a paved parking area designed for pull-around circulation.

Access is from Veterans Way in Redmond, near the VFW Hall. The south-end suite also has fenced storage beside the unit, reached through a man door.

Key Highlights

  • Four suites of 1,800 square feet each; 7,200 square feet total
  • Each suite has 3phase/240v power and one roll‑up door
  • Fenced outdoor storage area for each suite

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Parking Lot & Garage Pharmacy Home Appliance Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$2.16 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

109
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Each suite pairs an insulated shop with office space, a restroom, and fenced outdoor storage.
Where is this flex space located?
The property is located at 501 SW Veterans Way #103 Redmond, OR.
What are key features of this property?
This property features: Four suites of 1,800 square feet each; 7,200 square feet total; Each suite has 3phase/240v power and one roll‑up door; Fenced outdoor storage area for each suite
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Includes: Price & PSF · Cap rate · Location · Zoning

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