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    OFF-MARKET
    Land

    0 19Th St, Redmond, OR 97756

    1.84 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.84-acre lot, located in Redmond, Oregon's desirable Fairgrounds Business Park Phase I, presents a prime opportunity for industrial development. Zoned M-1 (Light Industrial), this flat, level parcel boasts convenient access to SW 19th Street and easement access from SW Deerhound Avenue. Situated adjacent to the Deschutes County Fairgrounds and Expo Center, this property benefits from its proximity to the Redmond Airport (2.1 miles) and US Highway 97 via the south-end Airport Way interchange. The asking price is $641,200, translating to $8 per square foot. This represents a significant value given the limited availability of industrial land in Central Oregon's growing market. The property is part of an Enterprise Zone, potentially offering tax incentives for qualifying businesses. Existing infrastructure includes modern telecommunications, including fiber-optics, along with established utilities such as power, telco, hydrants, and sidewalks. Adjacent in-street utilities from Deerhound Avenue provide gas, water, and sewer access, minimizing development costs. This owner-user ready lot is ideal for businesses seeking a strategic location within a thriving business neighborhood. The APN is 248037. The property is privately held and is for sale by owner.

    Property profile
    Verified
    Property type Land
    Lot 1.84 ac (80,150 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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