Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    601 E Antler Ave Redmond, OR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial land portfolio with current cash flow and development potential.

    Type:LAND
    Lot size:
    44.61 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    288
    Last Refresh:
    Apr 5 at 10:51 pm

    Property Features for 601 E Antler Ave

    General Information

    Standard status
    Active
    Lot size
    44.61 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tom Tapia

    Listing agent Tom Tapia

    Listing office Fratzke Commercial Real Estate

    Listing date Jul 17, 2025

    Source Moodyscre

    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 Fratzke Commercial Real Estate

    Overview

    Industrial Development Portfolio Opportunity

    This industrial development portfolio in Central Oregon presents an opportunity for immediate cash flow and future development. The property is currently generating income with a gross operating income of $1,762,896 and a net operating income of $1,314,600. The M-2 zoned industrial land offers excellent upside potential for phased development, limited only by conceptual vision. The Redmond Industrial Park is 100% leased. The M-2 heavy industrial zone parcels are in short supply in Central Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.166
    Latitude
    44.2808

    Nearby Similar for Sale

    • $830,000
      1,606 SF

      Modern Redmond Office Building For Sale

      Turnkey 2019 office building with functional layout and professional setting.
      544 SW 4th Street, Redmond, OR 97756
      View Details
    • $589,000
      1,080 SF

      Redmond Commercial Asset For Sale

      Commercial property in downtown Redmond with strong visibility and easy access.
      725 SW 8th Street, Redmond, OR 97756
      View Details
    • $225,000

      Established Flower Shop in Redmond

      Profitable flower shop with loyal clientele and delivery routes.
      251 SW 6th Street, Redmond, OR 97756
      View Details
    • $425,000

      Redmond Mixed-Use Development Opportunity

      0.50 acre lot zoned for mixed-use in NW Redmond.
      NW Elm Avenue, Redmond, OR 97756
      View Details
    • $425,000

      Redmond Mixed-Use Development Opportunity

      Half-acre lot zoned for mixed-use development in Redmond, Oregon.
      30 NW Elm Avenue, Redmond, OR 97756
      View Details
    • $585,000
      1,638 SF

      Upgraded Duplex with Development Potential

      Redmond duplex with upgrades, tenants, and development potential.
      2412 SW WICKIUP Ave, Redmond, OR 97756
      View Details
    • $999,999

      Redmond Duplex Pair For Sale

      Well-maintained duplex pair in North Rim subdivision with long-term tenants.
      2080 NW 12th Street, Redmond, OR 97756
      View Details
    • $1,199,000
      4,848 SF

      Well-Maintained Redmond Fourplex Opportunity

      Fourplex in quiet neighborhood, close to amenities and well-maintained.
      2531 NW CEDAR Ave, Redmond, OR 97756
      View Details
    • $215,000

      Eagle Crest Resort Homesite

      Level homesite in Eagle Crest Resort, ready for building.
      830 Willet Lane, Redmond, OR 97756
      View Details
    • $1,049,000
      5,340 SF

      Well-Maintained Redmond 4-Plex

      Attractive 4-plex with strong tenant appeal and functional design.
      2904 SW Juniper Avenue, Redmond, OR 97756
      View Details
    • $235,000

      Redmond Land with Mountain Views

      Gently sloped lot with Cascade Mountain views in Eagle Crest.
      10711 Ironstone Court, Redmond, OR 97756
      View Details
    • $1,449,000
      7,500 SF

      Iconic Mixed-Use Building in Redmond

      Historic Redmond building with retail, office, and apartment units.
      615 SW Evergreen Avenue, Redmond, OR 97756
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land portfolio with current cash flow and development potential.
    Where is this industrial land located?
    The property is located at 601 E Antler Ave Redmond, OR.
    What is the asking price?
    The asking price for this property is $28,780,287.
    What are key features of this property?
    This property features: Current cash flow with an attractive 7% CAP rate (Gross Op. Income $1,762,896, NOI $1,314,600).; Redmond Industrial Park is 100% leased.; Excellent upside potential for development.
    (541) 390-2900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Tapia
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!