Four-Suite Flex
For Sale
Contact for pricing
501 SW Veterans Way #102, Redmond, OR 97756
New flex building with office, shop, storage, power, and paved circulation areas.
Property Size7,200 SF
Days on Market89
Property Features for 501 SW Veterans Way #102
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
restroom
office with ductless A/C
insulated shop with electric forced air heat
well lit and energy efficient features
3phase/240v power
one roll up door
fenced outdoor storage area
Building Details
Year Built
2026
Buildings
1
Tenancy
Multi
Listing Agency:
Real Broker
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Jul 24
Changed: Oct 19
Last Checked: Oct 19 at 6:21AM
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.
Completed in 2026, this 7,200-square-foot flex building is configured as four 1,800-square-foot suites. Each suite includes a restroom, an office with ductless A/C, and an insulated shop area equipped with electric forced-air heat. Three-phase, 240-volt power serves every unit, supporting a range of commercial and light industrial operations.
Each suite has a roll-up door and a fenced outdoor storage area. The property also provides a large paved parking area designed for pull-around circulation. Access is from SW Veterans Way near the VFW Hall in Redmond, Oregon.
Each suite has a roll-up door and a fenced outdoor storage area. The property also provides a large paved parking area designed for pull-around circulation. Access is from SW Veterans Way near the VFW Hall in Redmond, Oregon.
Key Highlights
- Four 1,800 SF suites within a 7,200‑square‑foot flex building
- Year built: 2026
- Three‑phase, 240‑volt power in each suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,490
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,800
$1.3M
Cap Rate 7%
$949,857
$949.9K
Cap Rate 9%
$738,778
$738.8K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$97.6K $13.56/SF
− Vacancy
−$2.6K −$0.37/SF
EGI
$95.0K $13.19/SF
− OpEx
−$28.5K −$3.96/SF
NOI
$66.5K $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%
$1,329,800
Cap Rate 7%
$949,857
Cap Rate 9%
$738,778
Alternative Uses
Best Use
Flex RnD
$1.16M
$1.01M – $1.35M
NOI $80,963 @ 7.0% cap · market cap 8,096,300.00%
Second Best
Warehouse
$1.15M
$1.01M – $1.35M
NOI $80,738 @ 7.0% cap · market cap 8,073,800.00%
Theoretical Best
Retail
$2.48M
$2.17M – $2.89M
NOI $173,457 @ 7.0% cap · market cap 17,345,700.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
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 - New flex building with office, shop, storage, power, and paved circulation areas.
Where is this flex space located?
The property is located at 501 SW Veterans Way #102 Redmond, OR.
What are key features of this property?
This property features: Four 1,800 SF suites within a 7,200‑square‑foot flex building; Year built: 2026; Three‑phase, 240‑volt power in each suite
