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Property profile & analytics
FOR SALE
Warehouses

3625 Highway 97 N Redmond, OR 97756

1,800 SF 1.68 ac lot Built 2004
Individually Owned 4-yr Hold Absentee Owner
Property ID
US71-1880615
Property summary
AI-generated overview

This exceptional 1.68-acre commercial property at 3625 N Highway 97 in Redmond, Oregon, presents a unique investment opportunity. The property boasts a prime location at the city's Urban Growth Boundary, offering significant development potential. Currently, the site includes a 1,800 square foot cinder block warehouse, a 768 square foot two-bedroom, one-bathroom residence, and a 600 square foot well house equipped with a new well pump. The level lot provides ample space for expansion or redevelopment. Its strategic position benefits from high visibility and convenient access to Highway 97, with existing curb cuts ensuring easy ingress and egress. The property's proximity to the intersection of O'Neil Highway further enhances its accessibility and desirability. Noteworthy is the surrounding development, including new residential construction to the west and south, and the planned construction of a new Redmond Police Department complex directly southeast across Highway 97 in 2024. This location offers excellent exposure and potential for significant future appreciation. The total building square footage is 3,168 square feet. This versatile property is priced at $1,250,000 and is ideal for a variety of commercial uses.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Total area 1,800 SF
Lot 1.68 ac (73,181 SF)
APN 141333 00 02001
UPID US71-1880615
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Patrick J Schaffner · 4 yrs held
Patrick J Schaffner
since 2022
Last sale
$140,000
5 recorded transactions
2022
Price N/A
2004
Price N/A
2004
$140,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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