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28101591
28101593

525 SW Umatilla Ave, Redmond, OR 97756

WR
OR 20062408
NAI Cascade Commercial Real Estate Services, Worldwide
Listed by NAI Cascade Commercial Real Estate Services, Worldwide
$4,590,000
225 days on market
Updated 79 days ago

525 SW Umatilla

Details
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 20,393
Units 7
Occupancy 38%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.57%
Pro-Forma NOI $301,456
Price per SqFt $225
Class B
Year Built 2005
Buildings 1
Stories 2
Lot Size (SqFt) 43,996
Zoning M1
Investment Type Owner/User
Occupancy Date 11/06/2025

Owner/User Opportunity with In-Place Income

Marketing description

Located in the heart of the Airport Business District central to Redmond’s industrial area with easy
access to Highway 97 to North and South via Airport Way.

Priced well below replacement cost with beautifully appointed spaces for owner occupancy.
Professionally managed with prestigious tenants. Under-market rents create long-term upside.

Across Airport Way from Redmond Airport, Robert’s Field, which serves 81,115 passengers monthly. Also nearby Deschutes County Fairgrounds and Expo Center, a 340-ac site with 300,000 SF of flexible meeting and event space which hosts more than 400 events per year.

Listing Principal Broker is a member of the ownership entity.

Investment highlights

Close proximity to Downtown Redmond with convenient access to Hwy 97.

Prominent monument and directory signage.

Abundant on-site parking, recently slurry coated and re-striped.

Outdoor employee break area surrounded by natural landscaping.

Spacious and well appointed lobby and second floor landing.

Building elevator.

Men's and women's restrooms on both floors.

Secure, keyless entry system.

Conditional use permit in place for church use.

Abundant parking

Listing Contacts

WR
OR 20062408
NAI Cascade Commercial Real Estate Services, Worldwide
Listed by NAI Cascade Commercial Real Estate Services, Worldwide

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Zoning

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M1 IndustrialLight Industrial
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View all 131 uses
View all 131 uses
Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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