Remodeled Live-Work
For Sale
$460,000
847 C Avenue, Terrebonne, OR 97760
Commercial Sale, Terrebonne, OR
Property Size1,092 SF
Lot Size0.46 Acres
Price / SF$421.25
Days on Market87
Property Features for 847 C Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Deschutes TEC
Subdivision
Hillman
Standard status
Active
APN
134400
Size
1,092 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1983
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick, Frame
Roof type
Asphalt
Listing Agency:
Coldwell Banker Sun Country · Coldwell Banker Real Estate
(541) 447-4433
Listed By:
Amanda Rae Norris · License #201226516
(541) 460-0121
Added: Jun 1
Changed: Aug 19
Last Checked: Aug 26 at 6:06AM
MLS# 220222506
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 1,092-square-foot live-work property combines a remodeled interior with a nearly half-acre parcel. Modern finishes, vinyl flooring, ductless heating and cooling, brick and frame construction, an asphalt roof, and a 1940 construction date define the improvements. The layout is suited to either residential occupancy or professional use, as supported by the commercial zoning.
Located at 847 C Avenue in Terrebonne, the property sits behind Oliver Lemon's within the Terrebonne Commercial District. The site includes public water service and a septic tank, with a 0.46-acre lot providing outdoor area around the building. Its creek-side setting and position near an established local business add context for live-work or small-business use.
Located at 847 C Avenue in Terrebonne, the property sits behind Oliver Lemon's within the Terrebonne Commercial District. The site includes public water service and a septic tank, with a 0.46-acre lot providing outdoor area around the building. Its creek-side setting and position near an established local business add context for live-work or small-business use.
Key Highlights
- 1,092 SF remodeled live‑work property
- 0.46‑acre lot in Terrebonne
- Commercial zoning within the Terrebonne Commercial District
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,682
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,640
$313.6K
Cap Rate 7%
$224,029
$224.0K
Cap Rate 9%
$174,244
$174.2K
Market Conditions
NOI Build-Up for 1,092 SF
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.
Gross rent
$22.3K $20.40/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$20.9K $19.15/SF
− OpEx
−$5.2K −$4.79/SF
NOI
$15.7K $14.36/SF
Area
Jefferson County, OR
Vacancy
6.14%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,640
Cap Rate 7%
$224,029
Cap Rate 9%
$174,244
Alternative Uses
Best Use
Office B
$224.0K
$196.0K – $261.4K
NOI $15,682 @ 7.0% cap · market cap 3.41%
Second Best
Mixed Use
$220.0K
$192.5K – $256.6K
NOI $15,397 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$471.7K
$412.8K – $550.4K
NOI $33,022 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 97760, OR
8,071
Population
3,701
Households
2.2
Avg Household Size
55
Median Age
28%
College-Educated
94%
High-School Grad
91.2 sq mi
ZIP Area
88
Density / Sq Mi
$84,198
Median Household Income
$41,458
Median Earnings
$465,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Commercial zoning and a flexible interior support professional use or residential occupancy on a creek-side Terrebonne property.
Where is this live-work space located?
The property is located at 847 C Avenue Terrebonne, OR.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 1,092 SF remodeled live‑work property; 0.46‑acre lot in Terrebonne; Commercial zoning within the Terrebonne Commercial District
