948 SW Veterans Way, Redmond, OR 97756
For Sale
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This 3,328 square foot Class B creative office building, built in 2000, presents a unique owner-user or investment opportunity in Redmond, Oregon. Located at 948 SW Veterans Way, 97756, this vacant property offers exceptional visibility and accessibility. The building boasts 18 parking spaces (a ratio of 5.4 per 1,000 square feet) and a convenient two-lane drive-thru, making it ideal for a variety of businesses. Its strategic location within a high-traffic retail and service area, adjacent to major retailers like Fred Meyer and Lowe's, ensures high visibility and foot traffic. The property is easily visible from Veterans Way, Indian Avenue, and Kalama Avenue, and is even visible from the Fred Meyer parking lot. Excellent access to major roadways including Highway 126 (via Highland and Glacier Avenues), Highway 97, and SW 6th Street further enhances its appeal. With an asking price of $2,750,000 and a price per square foot of $826.32, this property offers a compelling investment opportunity in a thriving Deschutes County market. The high volume of vehicular traffic on Veterans Way (approximately 5,000 vehicles per day from Highland Avenue) underscores the significant potential for business success. This is a rare chance to acquire a well-situated, adaptable space in a prime commercial 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
No recorded transactions found for this property.
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.