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    Property profile & analytics
    OFF-MARKET Estimated value $1,690,000
    Turn key restaurants

    3807 21st St, Redmond, OR 97756-7771

    5,120 SF 1.07 ac lot Built 2006
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US71-0913436
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a thriving Applebee's restaurant located in Redmond, Oregon. Situated on a 1.07-acre lot at 3807 SW 21st St, 97756, this single-tenant property boasts a substantial 5,120 square feet of well-maintained space. The asking price is $2,000,000. The property's prime location within Deschutes County offers excellent visibility and accessibility, ensuring consistent customer traffic. The existing Applebee's franchise represents a stable and established business, providing a strong foundation for future growth and profitability. This turnkey operation presents a rare chance to acquire a successful restaurant in a desirable market. The property's size and location make it an attractive investment for experienced restaurant operators or those seeking a proven, income-generating asset. Detailed financial information and operational data are available upon request. This is a unique opportunity to acquire a well-established restaurant in a thriving Oregon community. The property is zoned for restaurant use and offers ample parking for customers and staff. The building is in good condition and ready for immediate occupancy. This is a compelling investment opportunity with significant potential for return.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2006
    Total area 5,120 SF
    Lot 1.07 ac (46,609 SF)
    APN 151329 AD 00100
    UPID US71-0913436
    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
    $1.69M
    Owner & transaction history
    Apphop Or LLC · 1 yrs held
    Apphop Or LLC
    since 2025
    Last sale
    $1.7M
    5 recorded transactions
    2025
    $1.7M
    2007
    2006
    2006
    $625,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.0M +3.2%
    Apartment house (5+ units) $2.0M +3.0%
    Commercial (general) $1.9M +1.0%
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