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    3853 21St Pl Redmond, OR 97756

    Sponsored
    For Lease
    $21 SF/Yr ($14,519 /Mo)

    Prime Redmond retail, 8,297 SF available.

    Lot size:
    8,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Frank's Landing, located at 3853 SW 21st Pl in Redmond, Oregon (97756), presents a unique opportunity for retail businesses seeking space in Deschutes County. This 8,297 square foot retail property, built in 2005, is currently entirely vacant and available for lease. The property is zoned as Strip Service Commercial (C1), offering flexibility for a variety of retail uses. Multiple tenancy options are available, with a minimum divisible space of 1,500 square feet and the potential to lease the entire 8,297 square feet contiguously. The property boasts abundant onsite parking, ensuring convenient access for customers and employees. This prime location in Redmond offers excellent visibility and accessibility, making it an ideal space for businesses looking to establish or expand their presence in a thriving market. Interested parties should inquire about lease terms and availability. The property's size and flexible layout make it suitable for a single large tenant or multiple smaller businesses. This is a rare opportunity to secure a substantial retail space in a desirable location.

    Property Features for 3853 21St Pl

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,297 SF
    Total Rate
    14519.75

    Building Details

    Year Built
    2005

    Unit(s) available at that property

    Space
    Suite 106
    Size
    1,780 SF
    Rate per SF
    $21
    Space
    Suite 107
    Size
    1,794 SF
    Rate per SF
    $21

    HighLights

    • High‑visibility location at highway interchange.
    • Strong tenant roster including Oregon DMV, Adair Homes, and Fitness 1440.
    • Adjacent to planned Hampton Inn & Suites and Woodspring Suites hotels.
    • High traffic volume exceeding 33,700 AADT (ODOT 2016 data).
    • Convenient proximity to regional airport, hotels, and county fairgrounds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Department Store Garden Center Discount Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.1936753
    Latitude
    44.2404202

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    FAQs

    What type of property is this?
    Retail property - Prime Redmond retail, 8,297 SF available.
    Where is this retail property located?
    The property is located at 3853 21St Pl Redmond, OR.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location at highway interchange.; Strong tenant roster including Oregon DMV, Adair Homes, and Fitness 1440.; Adjacent to planned Hampton Inn & Suites and Woodspring Suites hotels.
    Request Owner's contact information
    3853 21St Pl 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
    3853 21St Pl Redmond, OR 97756
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