3835 SW 21st Street, Redmond, OR 97756
$3,275,000
Property Type:
Commercial Sale
Square Footage:
20,217
Lot Size (sq. ft.):
93,654
Status:
Closed
Current Price:
$3,275,000
List Date:
2/17/2016
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 201601205
General Property Information
- Building Area Total
- 20217
- Building Area Source
- Assessor
- Year Built
- 2004
- Zoning
- C1
- Tax Year
- 2015
- CC&R's YN
- Yes
- Preferred Escrow Company & Officer
- Franks Landing 100% leased
- Sign On Property YN
- No
Property Features
Construction Materials:
Frame
Foundation Details:
Slab
Heating:
Forced Air
Roof:
Composition
Existing Lease Type:
NNN
Business Type (AKA Sub Type):
Income/Investment; Restaurant; Retail; Other
Special Assessments:
None
View:
Territorial
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Location Tax and Legal
- Street Number
- 3835
- Street Dir Prefix
- SW
- Street Name
- 21st
- Street Suffix
- Street
- County
- Deschutes
- State
- OR
- Postal Code
- 97756
- Subdivision Name
- Redmond Townsite
Contract Information
- Original List Price
- 3500000
- Listing Contract Date
- 2016-02-10
Remarks and Miscellaneous
- Public Remarks
- Fully leased investment property at major highway interchange. High visibility location with a wide range of strong tenants including Straw Hat Pizza, Northwest Credit Union, Adair Homes and Fitness 1440. Traffic counts exceed 30,000 vehicles per day. Located near regional airport, hotels and county fairgrounds. Plenty of on-site parking. Sale includes both 3835 and 3853 SW 21st Street. Location has great visibility from Highway 97 and is located at the exit ramp to the airport and fairgrounds.
Status Change Information
- Close Date
- 2016-07-27
- Under Contract Date
- 2016-04-26
- Status Change Timestamp
- 2016-07-29
- Close Price
- 3275000
- Sold Price per SqFt
- 161.9923
More Information
Currently Not Used
- List Price per SqFt
- 173.1216
Income and Expenses (Annual Amounts)
- Cap Rate %
- 6.83
- Estimated Gross Operating Income $
- 312759
- Estimated Total Expenses
- 73849
- Net Operating Income
- 238910
- Vacancy %
- 5
Miscellaneous Information
- Backup Package Available
- Yes
- Confidentiality/Non-Disclosure Agreement
- No
Parking Details
- Parking
- Yes
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.