405 Umatilla Ave, Redmond, OR 97756-7037
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.
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
Similar Nearby for Lease
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.