525 Umatilla AveRedmond, OR 97756

Property Details for 525 Umatilla Ave

Year built

2005

Lot size

1.01 AC

Property size (Sq ft)

20,393 SF

Property type

Office properties

Property subtype

Office buildings

APN

151321 D0 00319

APU

151321D000319

Description

This exceptional 20,393 square foot, two-story office building, constructed in 2005, is situated on a 1.01-acre lot in Redmond, Oregon. The property, known as Redmond Landing Professional Building, boasts a desirable M1 zoning designation. Its prime location offers unparalleled convenience, being adjacent to the Redmond Airport and the Central Oregon Community College (COCC) Redmond Campus. Easy access to Highway 97 ensures seamless commutes for tenants and clients. The building features a modern design with an ADA-compliant elevator, providing accessibility for all. Ample parking is available, addressing the needs of both employees and visitors. The building is professionally managed and offers secure, keyless entry for enhanced safety and peace of mind. High-profile tenants currently occupy the space, adding to the prestige of this investment opportunity. Monument and building directory signage provide excellent visibility and branding opportunities. This multi-tenant building presents a compelling opportunity for investors seeking a well-maintained, strategically located commercial property in a thriving Oregon community. The property's proximity to key transportation routes and educational institutions makes it an attractive option for a wide range of businesses. The building's modern amenities and secure environment contribute to a positive and productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,895,188

  6.5%

  $4,518,635

  7%

  $4,195,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,513,513

  Geo Method

  $5,225,298

• Alternative Use

  Use

  Valuation

  Residential

  $5,603,107

  Hospitality

  $5,132,416

  Educational

  $4,270,110

  Medical

  $4,416,966

  Retail

  $6,642,393

Location Insight

City

Redmond

County

Deschutes

State

Oregon

Latitude

44.2516

Longitude

-121.173

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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