James & Angie Smith

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Listing provided courtesy of Compass Commercial Real Estate- MLS# 220211399MLS Provider

498 SW Veterans WayRedmond, OR 97756

Commercial · 2,700 Sq. ft. | 0.55 Acres
$526,500 Pending

498 SW Veterans Way Overview

Time on Site:
242 days
Visits:
12

Positioned near the Redmond Airport within the Redmond Enterprise Zone, this 2,700 SF light industrial building offers an excellent owner/user opportunity with a versatile mix of office, warehouse, and covered storage areas. The structure features two roll-up doors providing efficient access for shipping, receiving, or light manufacturing operations. Situated on a 0.88-acre lot with ample yard space, the property allows for outdoor storage or future expansion. Its Light Industrial (M1) zoning accommodates a wide range of business uses. With easy connectivity to Highway 97 and convenient access to Central Oregon's industrial and commercial hubs, the location supports both operational efficiency and long-term growth. Ideal for small manufacturers, service contractors, or local distribution users seeking a flexible and accessible industrial facility in a thriving Redmond submarket.

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498 SW Veterans Way Facts & Features

  • Type Commercial
  • Sq. ft. 2,700
  • Price/Sq.ft. $195
  • Lot 0.55 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 2000

Location/Region

  • County Or Parish: Deschutes

Tax Information

  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 150711
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 2700.0

General Information

  • Common Walls: No Common Walls
  • Flooring: Concrete
  • Foundation Details: None
  • Levels: One

Exterior

Parking Information

  • Parking Features: Asphalt,Parking Lot

Lot Information

  • Additional Parcels Description: Listing also includes Map and Taxlot 151321AB00500 which is 0.33 acres for a total of .88 acres between the two tax lots.
  • Additional Parcels: true
  • Lot Size Acres: 0.55
  • Lot Size Area: 0.55
  • Lot Size Square Feet: 23958.0
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: false
  • Roof: Metal

General Information

  • Number Of Units Total: 1
  • Sewer: Public Sewer

498 SW Veterans Way Neighborhood

Community

97756 (Redmond) Demographics

39
Median Age
348
Population Density (per sq. mile)
35%
College Educated
$66,120
Estimated Median Income
10,234
Estimated Total Home Owners
5,018
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

498 SW Veterans Way Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

498 SW Veterans Way Market Data

Based on the last 30 days in this zip code

$685,981
Average List Price
$361
Average Price per Square Foot
98
Properties Sold
104
Average Days on Market
507
Properties for Sale
Calculations provided by Reliance Network

498 SW Veterans Way History

Date Event Value Agent
2/1/2026Source: Oregon Datashare Status Change
Pending
10/30/2025Source: Oregon Datashare Added to Database
October 30, 2025