0 4Th St, Redmond, OR 97756
This exceptional opportunity presents three fully-serviced pad sites totaling 132,548 square feet, ideally situated in Redmond, Oregon's thriving north end. Located on NW 4th St, near the Highway 97 interchange, this development boasts unparalleled visibility and accessibility. The property features level, ready-to-build sites with existing streets and utilities, eliminating significant upfront development costs. These sites are perfectly positioned to capitalize on the strong traffic flow generated by adjacent Home Depot and Walmart anchors, ensuring high visibility and customer traffic. The 3.04-acre parcel offers ample on-site parking with 76 spaces available. This is a unique chance to establish a restaurant in a high-demand location. The land value ranges from $21 to $35 per square foot. Flexible ownership options are available, including seller financing, ground lease, and joint venture development opportunities, providing flexibility for various investment strategies. The property consists of four buildings, providing a robust infrastructure for immediate development. This is an exceptional opportunity for restaurant operators seeking a prime location with strong existing infrastructure and high visibility. Don't miss this chance to secure a prominent position in Redmond's vibrant retail landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.