Redmond Commercial Property For
For Sale
Contact for pricing
560 NW Birch Avenue, Redmond, OR 97756
Downtown Redmond commercial property with office and sales yard.
Property Size1,288 SF
Lot Size0.33 Acres
Price / SF$581.52
Days on Market144
Property Features for 560 NW Birch Avenue
General Information
Standard status
Active
Size
1,288 SF
Lot size
0.33 Acres
Property subtype
Special Purpose
Building Details
Year Built
1984
Listing Agency:
CENTURY 21 North Homes Realty Redmond
(541) 548-2131
Listed By:
Bruce Barrett · License #OR 860600301
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 9 at 6:58AM
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 Redmond
Investment Insights
Based on property information with market context.
This property features a 1,288 square foot office building and a 0.33-acre sales yard. It is located in the downtown Redmond core business area on Birch Street, with access to 5th and 6th Streets. The property is near downtown services, including restaurants, retail establishments, and professional offices. The current auto sales tenant is moving May1. This property presents an opportunity for business or investment in a growing community.
Key Highlights
- .33ac sales yard with 1,288sf office building in downtown Redmond core business area.
- High visibility location on Birch St with access to 5th and 6th St.
- Potential 7% cap rate at listed price and lease rate.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,029
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,580
$620.6K
Cap Rate 7%
$443,271
$443.3K
Cap Rate 9%
$344,767
$344.8K
Market Conditions
NOI Build-Up for 1,288 SF
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.
Gross rent
$46.4K $36.00/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$44.3K $34.42/SF
− OpEx
−$13.3K −$10.32/SF
NOI
$31.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,580
Cap Rate 7%
$443,271
Cap Rate 9%
$344,767
Alternative Uses
Best Use
Retail
$443.3K
$387.9K – $517.2K
NOI $31,029 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$169.9K
$148.7K – $198.2K
NOI $11,894 @ 7.0% cap · market cap 1.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Under-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Downtown Redmond commercial property with office and sales yard.
Where is this auto shop located?
The property is located at 560 NW Birch Avenue Redmond, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: .33ac sales yard with 1,288sf office building in downtown Redmond core business area.; High visibility location on Birch St with access to 5th and 6th St.; Potential 7% cap rate at listed price and lease rate.
