2999 6Th StRedmond, OR 97756

Property Details for 2999 6Th St

Year built

2003

Lot size

13.13 AC

Property size (Sq ft)

78,071 SF

Property type

Office buildings

APN

151321 D0 00332

APU

151321D000332

Description

This exceptional 77,260-square-foot executive office building, situated at 2999 SW 6th Street in Redmond, Oregon, presents a remarkable opportunity. The single-tenant property, built in 2003, sits on a spacious 13.13-acre lot and is zoned M1. Currently vacant, the building offers significant flexibility for a variety of commercial uses, previously configured as a call center. The property boasts approximately 150 parking spaces, providing ample convenience for employees and clients. Its strategic location offers easy access to Highway 97 and Redmond Airport, capitalizing on the area's robust growth and thriving community. Redmond's diverse economy and proximity to Bend make this an ideal location for businesses seeking to establish or expand their presence in the Pacific Northwest. The property's location in Deschutes County, Oregon, zip code 97756, provides access to a strong workforce and a desirable lifestyle. This presents a long-term opportunity, with a sublease term expiring July 31, 2029. The building's size and location make it an attractive option for businesses seeking a significant footprint in a dynamic market. This is a rare opportunity to secure a substantial, well-located commercial property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $18,739,990

  6.5%

  $17,298,452

  7%

  $16,062,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,279,550

  Geo Method

  $20,004,132

• Alternative Use

  Use

  Valuation

  Residential

  $21,450,080

  Hospitality

  $19,648,158

  Educational

  $16,347,037

  Medical

  $16,909,238

  Retail

  $25,428,724

Location Insight

City

Redmond

County

Deschutes

State

Oregon

Latitude

44.2489

Longitude

-121.175

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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