614 NW Cedar Ave Redmond, OR 97756
Property profile & analytics
614 NW Cedar Ave Redmond, OR 97756
- Turn key restaurants
- 2,700 SF
- 0.19 lot acres
Property ID
US71-0639905
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 614 NW Cedar Ave
- Year built
- 2003
- Lot size
- 0.19 lot acres
- Property size
- 2,700 SF
- Property type
- Turn key restaurants
- APN
- 151309 DC 05400
- APU
- 151309DC05400
Description
This exceptional restaurant property, located at 614 NW Cedar Ave in Redmond, Oregon's central business district, presents a unique opportunity for both owner-users and investors. The 2,916 square foot space, housed in two buildings on a 0.19-acre lot, boasts a rich history, having been built in 1911 and renovated in 2004. The property features two stories, offering ample indoor seating for up to 80 guests, plus an inviting outdoor courtyard dining area accommodating an additional 36 patrons, shaded by mature landscaping. The C-2 zoning allows for a wide variety of uses. The fully operational restaurant includes all furniture, fixtures, and equipment (FF&E), a well-equipped commercial kitchen with a dumbwaiter, fryer, griddle, and stovetop burners. The property benefits from prominent monument signage on both 6th Street and Cedar Avenue, ensuring high visibility. An additional 216 square feet provides space for private parties or potential lease income. Historic details, such as leaded glass and the dumbwaiter, add to the property's unique character. The asking price is $775,000, representing a 7.5% cap rate and a competitive lease rate of $1.65 per square foot. This landmark property offers a blend of historic charm and modern functionality in a high-traffic location within Dawson's Station, making it an ideal investment or a perfect platform for a thriving restaurant business.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $747,000
- AI Estimate
- $747,000
Market price range: $747k - $1.46MMarket price range: $747k - $1.46M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,000,000 Current use
- AUTO REPAIR, GARAGE
- $1,030,000 Change: +3% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,010,000 Change: +1% Conversion: Easy
- RETAIL STORES
- $880,000 Change: -12% Conversion: Easy
- MEDICAL BUILDING
- $860,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.175
- Latitude
- 44.2781
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,161
$0.00
$0.00
$310,410
-
$244,350
$576,000
$820,350
