7525 Falcon Crest DrRedmond, OR 97756

Property Details for 7525 Falcon Crest Dr

Year built

2003

Lot size

1.38 AC

Property size (Sq ft)

8,988 SF

Property type

Office buildings

APN

151214 CD 01200

APU

151214CD01200

Description

This exceptional investment opportunity presents a well-maintained, single-story office building situated in the service center of Eagle Crest Resort in Redmond, Oregon. The property, located at 7525 Falcon Crest Dr, boasts 8,988 square feet of net rentable space, divided into 20 individual units currently 99% occupied by a diverse mix of professional and personal service tenants. Built in 2003, this Class B building offers a strong cash flow with a current asking price of $1,699,000, translating to $189.03 per square foot. The property sits on a 1.38-acre lot and includes a 50% interest in an adjacent 3.78-acre parcel. The current tenancy includes a mix of short-term (50%) and long-term leases, presenting a unique opportunity for an owner/user to potentially occupy a portion of the space. This is an ideal acquisition for investors seeking a stable, high-occupancy commercial property in a desirable location. The property's strong tenant base and strategic location within the Eagle Crest Resort service center ensure consistent income generation and long-term value appreciation. The building's traditional office layout is well-suited for a variety of businesses, and the inclusion of the additional land offers significant future development potential. This is a rare opportunity to acquire a turnkey investment property with immediate cash flow and significant upside. The zip code is 97756.

• CAP approach

  CAP return

  Valuation

  6%

  $2,156,761

  6.5%

  $1,990,856

  7%

  $1,848,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,990,004

  Geo Method

  $2,302,995

• Alternative Use

  Use

  Valuation

  Residential Income

  $2,468,662

  Hospitality / Lodging

  $2,261,281

  Institutional / Educational

  $1,881,359

  Healthcare / Senior Housing

  $1,946,062

  Retail / Commercial

  $2,926,559

Location Insight

City

Redmond

County

Deschutes

State

Oregon

Latitude

44.2637

Longitude

-121.262

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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