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    OFF-MARKET
    Industrial land

    405 Umatilla Ave, Redmond, OR 97756-7037

    1.42 ac lot
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-1814900
    Property summary
    AI-generated overview

    This exceptional 1.42-acre parcel of land presents a compelling investment opportunity in Redmond, Oregon. Zoned for Light Industrial (M-1) use, this property offers significant potential for a variety of commercial ventures. Located at 405 SW Umatilla Ave, 97756, this site boasts convenient access to key transportation arteries, including easy connection to Highway 97 via SE Airport Way. Its proximity to downtown Redmond (2 miles) and the Redmond Airport (0.7 miles) ensures excellent accessibility for both employees and clients. All utilities are readily available at the site, simplifying development and reducing upfront costs. Furthermore, the property's location offers the added benefit of access to Enterprise Zone incentives for qualifying businesses, potentially leading to significant tax advantages. The land is priced at $790,000, translating to a land value of $12.77 per square foot. Situated just 16.4 miles from Bend, this property combines the advantages of a thriving local market with easy access to a larger regional center. This is a rare opportunity to acquire a well-located, readily developable industrial site in a rapidly growing area.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 1.42 ac (61,855 SF)
    APN 151321 D0 00314
    UPID US71-1814900
    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
    Oregon Waterworks Properties LLC · 5 yrs held
    Oregon Waterworks Properties LLC
    since 2021
    Last sale
    $155,000
    6 recorded transactions
    2024
    2021
    $155,000
    2013
    $110,000
    2007
    $230,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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