Office Suite with Flex
For Sale
Contact for pricing
7555 Falcon Crest Drive 203, Redmond, OR 97756
Configured office suite with private rooms, conference space, shared amenities, and a large area for adaptable team use.
Property Size2,513 SF
Days on Market49
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Property Features for 7555 Falcon Crest Drive 203
General Information
Standard status
Active
Size
2,513 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
secure digital entry
shared common areas
break room/kitchen
restrooms
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Jennifer Gregoriou · License #201206690
(541) 280-5752
Source:
Goashland
Added: Aug 28
Changed: Oct 5
Last Checked: Oct 14 at 10:34PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Suite 203 at The Eagle Building provides 2,513 square feet of office space arranged with 8 private offices, a dedicated conference room, copier/workroom, and a large open flex area. The layout also includes access to shared common areas, a break room and kitchen, restrooms, and secure digital entry. Ample parking serves the building.
The property is located at 7555 Falcon Crest Drive between Redmond and Bend, with access from Cline Falls Highway. A gross lease structure includes utilities, landscaping, snow removal, and common-area cleaning, while internet and cable are excluded. Lease terms of 3-5 years are negotiable.
The property is located at 7555 Falcon Crest Drive between Redmond and Bend, with access from Cline Falls Highway. A gross lease structure includes utilities, landscaping, snow removal, and common-area cleaning, while internet and cable are excluded. Lease terms of 3-5 years are negotiable.
Key Highlights
- 2,513 SF office suite with 8 private offices
- Dedicated conference room plus copier/workroom
- Large open flex area for cubicles, call center operations, or collaboration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,088
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,760
$721.8K
Cap Rate 7%
$515,543
$515.5K
Cap Rate 9%
$400,978
$401.0K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$51.3K $20.40/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$48.1K $19.15/SF
− OpEx
−$12.0K −$4.79/SF
NOI
$36.1K $14.36/SF
Area
Deschutes County, OR
Vacancy
6.14%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,760
Cap Rate 7%
$515,543
Cap Rate 9%
$400,978
Alternative Uses
Best Use
Office B
$515.5K
$451.1K – $601.5K
NOI $36,088 @ 7.0% cap · market cap 3,608,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$864.9K
$756.8K – $1.01M
NOI $60,541 @ 7.0% cap · market cap 6,054,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Configured office suite with private rooms, conference space, shared amenities, and a large area for adaptable team use.
Where is this office units located?
The property is located at 7555 Falcon Crest Drive 203 Redmond, OR.
What are key features of this property?
This property features: 2,513 SF office suite with 8 private offices; Dedicated conference room plus copier/workroom; Large open flex area for cubicles, call center operations, or collaboration
