Vacant Retail-Warehouse
For Sale
$3,500,000
798 Nw 5th St, Redmond, OR 97756
Vacant retail/warehouse facility for sale, totaling 13,936 square feet of flexible commercial space.
Property Size13,936 SF
Price / SF$251.15
Days on Market167
Property Features for 798 Nw 5th St
General Information
Standard status
Active
Size
13,936 SF
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
Compass Commercial Real Estate
Listed By:
Russell A Huntamer · License #200407143
(541) 383-2444
Source:
Portlandoregonhomelistings
Added: Apr 27
Changed: Oct 1
Last Checked: Oct 9 at 8:00PM
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 Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
This vacant retail/warehouse facility is available for sale and offers 13,936 square feet of flexible commercial space. The property’s retail/warehouse configuration supports a range of operational needs within a single building.
Located at 798 NW 5th Street in Redmond, Oregon, the facility is positioned for businesses seeking an all-in-one retail and warehouse setup. The property is currently available for purchase.
Located at 798 NW 5th Street in Redmond, Oregon, the facility is positioned for businesses seeking an all-in-one retail and warehouse setup. The property is currently available for purchase.
Key Highlights
- Vacant retail/warehouse facility for sale
- Flexible commercial space totaling 13,936 SF
- Built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,709
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,134,180
$3.1M
Cap Rate 7%
$2,238,700
$2.2M
Cap Rate 9%
$1,741,211
$1.7M
Market Conditions
NOI Build-Up for 13,936 SF
Gross rent
$250.8K $18.00/SF
− Vacancy
−$9.8K −$0.70/SF
EGI
$241.1K $17.30/SF
− OpEx
−$84.4K −$6.05/SF
NOI
$156.7K $11.24/SF
Area
Deschutes County, OR
Vacancy
3.89%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,134,180
Cap Rate 7%
$2,238,700
Cap Rate 9%
$1,741,211
Alternative Uses
Best Use
Retail
$4.80M
$4.20M – $5.60M
NOI $335,735 @ 7.0% cap · market cap 9.59%
Second Best
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,709 @ 7.0% cap · market cap 4.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,096
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant retail/warehouse facility for sale, totaling 13,936 square feet of flexible commercial space.
Where is this flex space located?
The property is located at 798 Nw 5th St Redmond, OR.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Vacant retail/warehouse facility for sale; Flexible commercial space totaling 13,936 SF; Built in 1963
