Retail Suite with Office
New
For Sale
Contact for pricing
974 SW Veterans Way #5, Redmond, OR 97756
An open-plan space in a professionally managed, multi-tenant building includes a restroom.
Property Size1,500 SF
Days on Market3
Property Features for 974 SW Veterans Way #5
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
20
Property subtype
Commercial
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Sunriver Realty
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:42AM
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 Sunriver Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 974 SW Veterans Way in Redmond, this 1,500-square-foot retail suite occupies a multi-tenant building constructed in 2005. The open area is complemented by two office areas and a restroom at the rear. Building and monument signage provide exposure, and the property is professionally managed.
The suite is next to Fred Meyer. On-site parking includes 20 spaces, with additional shared parking available with Fred Meyer. Nearby retail businesses include Lowe’s, Super Cuts, UPS, and New York Subs.
The suite is next to Fred Meyer. On-site parking includes 20 spaces, with additional shared parking available with Fred Meyer. Nearby retail businesses include Lowe’s, Super Cuts, UPS, and New York Subs.
Key Highlights
- 1,500‑square‑foot open retail area with two office areas and a rear restroom
- 20 on‑site parking spaces, plus shared parking with Fred Meyer
- Building and monument signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,137
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,740
$722.7K
Cap Rate 7%
$516,243
$516.2K
Cap Rate 9%
$401,522
$401.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$54.0K $36.00/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$51.6K $34.42/SF
− OpEx
−$15.5K −$10.32/SF
NOI
$36.1K $24.09/SF
Area
Deschutes County, OR
Vacancy
4.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,740
Cap Rate 7%
$516,243
Cap Rate 9%
$401,522
Alternative Uses
Best Use
Retail
$516.2K
$451.7K – $602.3K
NOI $36,137 @ 7.0% cap · market cap 3,613,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - An open-plan space in a professionally managed, multi-tenant building includes a restroom.
Where is this retail space located?
The property is located at 974 SW Veterans Way #5 Redmond, OR.
What are key features of this property?
This property features: 1,500‑square‑foot open retail area with two office areas and a rear restroom; 20 on‑site parking spaces, plus shared parking with Fred Meyer; Building and monument signage
