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    Highway 97 Redmond, OR 97756

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    For Sale
    Contact for pricing

    778 Acres, Abundant Incentives, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 778-acre commercial land parcel presents a unique investment opportunity in Redmond, Oregon. Located at 0 S Hwy 97, Deschutes County, this expansive property is one of the largest available in the entire state. Its strategic location offers significant advantages for large-scale development. The property benefits from a multitude of local, county, and state incentives designed to maximize returns. These include a Super Enterprise Zone designation, providing property tax abatement and potential income and payroll tax credits based on employment for qualifying projects over 7 to 15 years. The zone sponsors include the cities of Redmond and Sisters, and Deschutes County. Further enhancing its appeal, this South Redmond property also qualifies for a Food Processor Property Tax Exemption, is designated as an eCommerce Zone, and is eligible for Oregon Investment Advantage (OIA) tax exemptions. Minimum parcel size for sale is 50 acres. This prime location and the substantial incentives make this a compelling opportunity for developers seeking significant returns. The property's size and strategic location offer unparalleled potential for a variety of commercial ventures. The zip code is 97756.

    Property Features for 0 Highway 97

    General Information

    Property type
    Land
    Lot Size
    33,889,680 SF

    HighLights

    • Minimum 50‑acre parcels available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.2092788
    Latitude
    44.2256648

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    FAQs

    What type of property is this?
    Land - 778 Acres, Abundant Incentives, Investment Opportunity
    Where is this land located?
    The property is located at Highway 97 Redmond, OR.
    What are key features of this property?
    This property features: Minimum 50-acre parcels available.; ;
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    Highway 97 Redmond, OR 97756
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    Redmond, OR 97756
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    Realmo Value Estimation

    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.

    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.

    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
    Highway 97 Redmond, OR 97756
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