3625 Hwy 97, Redmond, OR 97756-1242
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.