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

    865 SW Veterans Way Redmond, OR 97756

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2.00 SF/Yr

    Class A medical office space in the heart of Redmond.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 1 at 11:19 pm

    Property Features for 865 SW Veterans Way

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 865 SW Veterans Way 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

    Overview

    Redmond Medical Office Space Available

    Class A medical office space is available for rent in the heart of Redmond, Oregon, near retail and other services. The property is ideally suited for medical practices such as urgent care, pediatrics, dental, orthodontia, or cosmetic surgery. The building features generous and professional common areas, elevators, and restrooms. Ample shared parking is available. The property benefits from prominent building signage and excellent visibility from Veterans Way, 9th St, and Highland Ave. There are three spaces remaining.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Highland Veterinary Hospital — 839 SW Highland Ave, Redmond, OR 97756
    • Mountain View Animal Hospital — 865 SW 17th St Ste. 201-301, Redmond, OR 97756
    • Poet Rachel DVM — 839 SW Highland Ave, Redmond, OR 97756

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.178
    Latitude
    44.2688

    Nearby Similar for Lease

    • $1.15/mo

      Professional Office Building Near Airport

      Office building with elevator, parking, and keyless entry system.
      525 SW Umatilla Ave, Redmond, OR 97756
      View Details
    • $2.00/mo

      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/mo

      Redmond Office Space Available

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

      Prime Office Space on 5th

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

      Redmond Retail Space Available

      4,700 SF retail space for lease in Redmond, Oregon.
      3113 S Hwy 97, Redmond, OR
      View Details
    • Contact for pricing

      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

      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

      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

      Retail Space with Drive-Thru

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

      Redmond Retail Space For Rent

      Retail space available in high-traffic Redmond trade area.
      2067 NW 6th St, Redmond, OR
      View Details
    • Contact for pricing

      Redmond Industrial Flex Space

      Modern industrial flex suites with office and warehouse space available.
      611 NE Jackpine Ct, Redmond, OR 97756
      View Details
    • Contact for pricing

      Redmond Commercial Space For Lease

      Commercial space available for lease in Redmond, Oregon.
      2127 S Hwy 97, Redmond, OR 97756
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office space in the heart of Redmond.
    Where is this medical office space located?
    The property is located at 865 SW Veterans Way Redmond, OR.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Class A medical office in the heart of Redmond; Ideal for urgent care, pediatrics, dental, orthodontia, or cosmetic surgery; Excellent visibility from Veterans Way, 9th St and Highland Ave
    (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

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