Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Building Near Airport Title is generated by Realmo AI

    525 SW Umatilla Ave, Redmond, OR 97756

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.15 SF/Yr

    Office building with elevator, parking, and keyless entry system.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 525 SW Umatilla Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 525 SW Umatilla Ave Contact us

    We can help!

    Listing Contact
    Walt Ramage
    Walt Ramage

    Listing agent Walt Ramage License #OR #200602408

    Listing office NAI Cascade

    Listing date Mar 6, 2026

    Source Naiglobal

    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 NAI Cascade

    HighLights

    • Abundant parking for tenants and visitors
    • ADA elevator provides accessibility throughout the building
    • Join prestigious tenants in this well‑maintained property
    • Adjacent to Redmond Airport and COCC Redmond Campus
    • Close to downtown with easy access to HWY 97
    • Secure, keyless entry and professionally managed for peace of mind

    Overview

    This professional office building features an ADA elevator and abundant parking. It is situated adjacent to the Redmond Airport and the COCC Redmond Campus, offering convenient access to downtown and Highway 97. The property includes monument and building directory signage. Security is enhanced by a keyless entry system. The building is professionally managed and occupied by prestigious tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.1732764
    Latitude
    44.2515552

    Nearby Similar for Lease

    • $2.00 SF/Yr
      28,565 SF

      Redmond Medical Office Space Available

      Class A medical office space in the heart of Redmond.
      865 SW Veterans Way, Redmond, OR 97756
      View Details
    • $2.00 SF/Yr

      Redmond Medical Office Space Available

      Class A medical office space in the heart of Redmond.
      865 SW Veterans Way, Redmond, OR 97756
      View Details
    • $1.66 SF/Yr
      2,824 SF

      Redmond Office Space Available

      Office space available for rent in Redmond, Oregon.
      735 SW 9th St, Redmond, OR
      View Details
    • $1.35 SF/Yr
      2,190 SF

      Prime Office Space on 5th

      Highly visible office space in walkable downtown Redmond.
      210 SW Fifth St, Redmond , OR 97756
      View Details
    • $1.60 SF/Yr
      4,700 SF

      Redmond Retail Space Available

      4,700 SF retail space for lease in Redmond, Oregon.
      3113 S Hwy 97, Redmond, OR
      View Details
    • $11 SF/Yr

      Redmond Flex Space with Yard

      Flex suite with office, warehouse, mezzanine, and fenced yard.
      2121 SW Deerhound Ave, Redmond, OR 97756
      View Details
    • Contact for pricing
      77,260 SF

      Redmond Office/Retail Sublease Opportunity

      77,260 SF building in Redmond, OR, for sublease.
      2999 SW 6th St, Redmond, OR 97756
      View Details
    • Contact for pricing
      17,000 SF

      Redmond Retail Space For Lease

      Retail space available for lease in high-traffic Redmond corridor.
      1921 NW 6 St, Redmond, OR
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with Drive-Thru

      Retail space available for lease with drive-thru.
      1995 NW 6 St, Redmond, OR
      View Details
    • Contact for pricing
      6,000 SF

      Redmond Retail Space For Rent

      Retail space available in high-traffic Redmond trade area.
      2067 NW 6th St, Redmond, OR
      View Details
    • $21 SF/Yr

      Redmond Commercial Space For Lease

      Commercial space available for lease in Redmond, Oregon.
      2127 S Hwy 97, Redmond, OR 97756
      View Details
    • $18 SF/Yr

      Redmond Retail Space Available

      Retail space available for rent in Redmond, Oregon.
      3853 SW 21st Pl, Redmond, OR 97756
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with elevator, parking, and keyless entry system.
    Where is this office building located?
    The property is located at 525 SW Umatilla Ave Redmond, OR.
    What is the lease rate?
    The lease rate is $1.15 SF/Yr.
    What are key features of this property?
    This property features: Abundant parking for tenants and visitors; ADA elevator provides accessibility throughout the building; Join prestigious tenants in this well‑maintained property
    (541) 771-8260
    We can help!
    Listing Contact
    Walt Ramage
    Walt Ramage
    Real Estate License ID: OR #200602408
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    525 SW Umatilla Ave, Redmond, OR 97756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!