Downtown Retail and Office
250 NE 3rd Street Prineville, OR 97754
250 NE 3rd Street, Prineville, OR, 97754
$385,000
For Sale
$385,000
COMMERCIAL - Prineville, OR
Property Size1,740 SF
Lot Size0.07 Acres
Price / SF$221.26
Days on Market308
Property Features for 250 NE 3rd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Alley, RV, Assigned
- Window features
- Double Pane Windows
- Standard status
- Active
- APN
- 8262
- Size
- 1,740 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1656
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Vinyl
- Building materials
- Block, Brick, Concrete
- Roof type
- Membrane
Listing agency
Coldwell Banker Bain
(541) 382-4123
Listed by
Mary Gillen Doyle · License #200408269
(541) 280-4372
Added: Sep 19, 2025 Updated: Jun 9 at 1:38PM Checked: Jul 23 at 1:06AM
MLS# 220209527
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This downtown Prineville property offers flexible use as either retail or office space. The building includes a spacious open area with updated carpeting and lighting, along with a private office and a restroom. A large rear storage/prep area supports day-to-day back-of-house needs.
The property is located on 3rd Street (Hwy 26) in the heart of Downtown Prineville. Parking is available behind the building, with additional street parking in front.
With its combination of front-facing open space and dedicated private office and rear storage/prep area, the layout is well-suited for businesses that need both customer-facing and back-of-house functionality.
The property is located on 3rd Street (Hwy 26) in the heart of Downtown Prineville. Parking is available behind the building, with additional street parking in front.
With its combination of front-facing open space and dedicated private office and rear storage/prep area, the layout is well-suited for businesses that need both customer-facing and back-of-house functionality.
Key Highlights
- 1,740 SF commercial building with open area, private office, restroom, and large rear storage/prep area
- Updated carpeting and lighting in the main open space
- Natural gas heating with window/wall/window unit(s) cooling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $20.40 |
| − Vacancy | −$2.2k | −$1.25 |
| EGI | $33.3k | $19.15 |
| − OpEx | −$8.3k | −$4.79 |
| NOI | $25.0k | $14.36 |
1,740 SF · lease $20.40/SF/yr · vacancy 6.14% · expense 25.00%
Alternative Uses
Best Use
Retail
$598.8K
$524.0K – $698.7K
NOI $41,919 @ 7.0% cap · market cap 10.89%
Second Best
Office B
$357.0K
$312.3K – $416.5K
NOI $24,987 @ 7.0% cap · market cap 6.49%
Theoretical Best
Specialty Retail
$751.7K
$657.7K – $877.0K
NOI $52,618 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
O'Reilly Auto Parts
Auto Parts Store
Enhanced Decor & Collectibles
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile downtown building offers an open sales/office area, private office, restroom, and rear storage/prep space.
Where is this office units located?
The property is located at 250 NE 3rd Street Prineville, OR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,740 SF commercial building with open area, private office, restroom, and large rear storage/prep area; Updated carpeting and lighting in the main open space; Natural gas heating with window/wall/window unit(s) cooling
