Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SE Texas Circle lot 117 Prineville, OR 97754

    View on Map
    For Sale
    $122,500

    LAND - Prineville, OR

    Lot size:
    5.00 Acres
    Added:
    Apr 22, 2021
    Days on Market:
    1806
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for SE Texas Circle lot 117

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18774
    Lot size
    5.00 Acres

    Taxes and HOA fees

    TaxYear
    2022
    TaxAnnualAmount
    972

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Perc Test On File
    Water source
    Well

    We can help!

    Listing Contact
    Sue Ann Lockhart
    Sue Ann Lockhart

    Listing agent Sue Ann Lockhart License #200504552

    Listing office Coldwell Banker Sun Country 715 NW 3rd St, Prineville, OR

    Listing date Apr 22, 2021

    MLS# 220121051

    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.

    Overview

    Prineville Land Bordering Public Ground

    This 5-acre lot is located in Phase III of Longhorn Ridge, a thoughtfully planned gated community featuring miles of winding paved roads. The property borders public/state ground and allows horses. A three-party well is drilled and capped off. Power is available, and the property has septic approval. The location provides access to outdoor activities, being minutes from Prineville Reservoir, Crooked River fly fishing, golfing, and Mt Bachelor skiing.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.8329982
    Latitude
    44.2164613

    Nearby Similar for Sale

    • $475,000
      3,622 SF

      Prineville Commercial Building For Sale

      3,622 sqft commercial building in downtown Prineville, Oregon.
      430 NW 4th Street, Prineville, OR 97754
      View Details
    • $590,000
      2,644 SF

      Prineville Triplex: Investment Opportunity

      Well-maintained triplex in Prineville with strong rental history.
      365 NE Loper Avenue unit: 1,2,3, Prineville, OR 97754
      View Details
    • $650,000
      3,000 SF

      Prineville Commercial Building on Highway

      Well-maintained 3,000 sqft commercial building with excellent visibility and access.
      862 NW 3rd Street, Prineville, OR 97754
      View Details
    • $650,000

      Downtown Prineville Corner Commercial Building

      Prime downtown corner building with flexible space and drive-through.
      103 NW 3rd Street, Prineville, OR 97754
      View Details
    • $385,000
      1,740 SF

      Downtown Prineville Retail/Office Opportunity

      Versatile 1,740 sq ft building in Prineville's vibrant downtown.
      250 NE 3rd Street, Prineville, OR 97754
      View Details
    • $275,000

      Commercial Land in Central Oregon

      Commercial land ideal for cabins, cafe, tap house, or boutique.
      151605 NE 3rd Street, Prineville, OR 97754
      View Details
    • $115,000

      Prineville Buildable Land with Views

      5.89 acres in gated community, ready to build.
      SE Galveston Loop lot: 103, Prineville, OR 97754
      View Details
    • $94,900

      Prineville Vacant Lot Opportunity

      0.2-acre vacant lot in established Ochoco Heights, Prineville.
      NE Loper Ave unit: 25, Prineville, OR 97754
      View Details
    • $420,000
      2,630 SF

      Versatile Commercial/Residential Property, Prineville

      Mixed-use property in Prineville with office and residential potential.
      296 S Main Street, Prineville, OR 97754
      View Details
    • $120,000

      Recreational Land in Juniper Hills

      2.54-acre recreational lot with utilities near State land.
      16556 SE Antelope Creek Drive, Prineville, OR 97754
      View Details
    • $189,000

      Ready-to-Build Land with Views

      2.08 acre property with utilities and recreational access.
      6648 S Night Hawk Drive, Prineville, OR 97754
      View Details
    • $60,000

      Prineville Recreational Land For Sale

      10-acre recreational land parcel in Juniper Acres, Prineville, Oregon.
      S Bend Way unit: Tl3200, Prineville, OR 97754
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5-acre lot in gated community near outdoor recreation.
    Where is this residential land & home lot located?
    The property is located at SE Texas Circle lot 117 Prineville, OR.
    What is the asking price?
    The asking price for this property is $122,500.
    What are key features of this property?
    This property features: 5‑acre home site with wide open spaces and beautiful views.; Borders public/state ground, providing direct access for recreation.; Located in a thoughtfully planned, gated community with paved roads.
    (541) 280-7111
    We can help!
    Listing Contact
    Sue Ann Lockhart
    Sue Ann Lockhart
    Real Estate License ID: 200504552
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!