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    FOR SALE
    Warehouses

    3625 Hwy 97, Redmond, OR 97756-1242

    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
    AI Approach AI
    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
    2004
    2004
    $140,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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