236 NW Kingwood Avenue, Redmond, OR 97756
$2,050,000
Property Type:
Commercial Sale
Square Footage:
9,407
Lot Size (sq. ft.):
37,462
Status:
Closed
Current Price:
$2,050,000
List Date:
6/06/2014
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 201310826
General Property Information
- Building Area Total
- 9407
- Building Area Source
- Appraiser
- Year Built
- 2003
- Zoning
- C1
- Tax Annual Amount
- 14264.83
- Tax Year
- 2013
- CC&R's YN
- No
- Sign On Property YN
- No
Property Features
Construction Materials:
Frame
Cooling:
Central Air
Flooring:
Carpet; Vinyl
Foundation Details:
Slab
Heating:
Electric; Forced Air; Natural Gas
Levels:
One
Roof:
Composition
Existing Lease Type:
NNN
Business Type (AKA Sub Type):
Income/Investment; Medical; Professional/Office; Other
Special Assessments:
None
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Location Tax and Legal
- Street Number
- 236
- Street Dir Prefix
- NW
- Street Name
- Kingwood
- Street Suffix
- Avenue
- County
- Deschutes
- State
- OR
- Postal Code
- 97756
Contract Information
- Original List Price
- 2200000
- Listing Contract Date
- 2013-12-13
Remarks and Miscellaneous
- Public Remarks
- Fully leased professional building in Redmond w/consistent occupancy. This is your opportunity to own property located near St Charles Medical Center Redmond & other professional/medical office buildings. Enjoy the current CAP rate of approximately 8.2% with the anticipation of improving market conditions for an increased potential value in the future. Recently appraised & ready for a new investor owner. Confidentiality agreement required for release of current appraisal on file.
Status Change Information
- Close Date
- 2015-01-29
- Under Contract Date
- 2014-10-25
- Status Change Timestamp
- 2015-01-29
- Close Price
- 2050000
- Sold Price per SqFt
- 217.9228
More Information
Currently Not Used
- List Price per SqFt
- 233.8683
Unit 1
- Tenant Name
- Praxis Medical Group, PC
- Monthly Rent
- 15044
- Price Per SqFt
- 1.62
- Rent Escalators
- Yes
- Option to Extend
- Yes
Income and Expenses (Annual Amounts)
- Cap Rate %
- 8.2
- Estimated Gross Operating Income $
- 180528
- Net Operating Income
- 180528
Miscellaneous Information
- Backup Package Available
- Yes
- Confidentiality/Non-Disclosure Agreement
- Yes
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 49
Listing Office:
Desert Sky Real Estate LLC
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.