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Property profile & analytics
OFF-MARKET
Commercial land
3231 Hwy 97, Redmond, OR 97756-8878
Individually Owned
Free & Clear
Property ID
US71-1872681
Property summary
AI-generated overview
This exceptional 0.75-acre commercial land parcel presents a prime retail development opportunity in Redmond, Oregon. Strategically located on the south end of Highway 97, this property boasts unparalleled visibility and accessibility, with over 36,000 vehicles passing daily. The C-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. Its convenient location is further enhanced by its adjacency to Coastal Farm & Ranch and direct access from SW Xero Avenue, ensuring easy ingress and egress for customers and employees. The asking price for this highly desirable property is $900,000. The property's address is 3231 S Hwy 97, Redmond, OR 97756, situated in Deschutes County. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Oregon community with significant daily traffic volume. Don't miss this chance to capitalize on this exceptional retail development potential. Serious inquiries only.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.75 ac (32,670 SF)
APN
151329 A0 00103
UPID
US71-1872681
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peak Credit Union
Peak Credit Union
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,548
Tax year 2023
Assessed value
$380,330
Assessed 2023
Previous assessed
$358,510
+6.1% YoY
Effective rate
1.98%
On assessed value
Land market value
$1,285,850
Total market value
$1,285,850
Applied tax rate
2,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.75 ac (32,670 SF)
APN
151329 A0 00103
UPID
US71-1872681
Jurisdiction
DESCHUTES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.75 ac
Current owner
From public records · entity-resolved
Peak Credit Union
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 540517, OMAHA, NE 68154-0517
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
$800,000
Peak Credit Union
Coastal Farm Real Estate INC
Warranty Deed
—
Jan 5, 2023
—
Coastal Farm Real Estate INC
South 97th Acquisition LLC
Warranty Deed
—
Sep 29, 2017
$425,000
South 97th Acquisition LLC
Wildflower Devs LLC
Warranty Deed
—
Jan 7, 2005
$379,900
Wildflower Developments LLC
Double R Dev
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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