Retail Business With
For Sale
$1,750,000
105 SE Lynn Blvd, Prineville, OR 97754
Sale includes the land, building, inventory, equipment, and operating business.
Property Size4,200 SF
Price / SF$416.67
Days on Market35
Property Features for 105 SE Lynn Blvd
General Information
Standard status
Active
Size
4,200 SF
Additional Details
Business Included
Yes
Drive-Thru
Yes
Building Details
Year Built
1991
Listing Agency:
RE/MAX Key Properties
(541) 979-0119
Listed By:
Mike Helms · License #201227472
Source:
Wisser
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 28 at 8:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Key Properties
Investment Insights
Based on property information with market context.
This retail property includes the land, building, inventory, equipment, and operating business associated with Fair Feed and Supply. The business serves small and large animals, sells propane, provides drive-through access, and offers U-Haul rentals. The building was constructed in 1991 and contains 4,200 square feet.
The property is located at 105 SE Lynn Blvd in Prineville, Oregon, next to the Crook County Fair Grounds and near Juniper Canyon. Its position off Main Street provides access to the surrounding community and rural ranching area. Fair Feed and Supply has served the community for over 25 years, and the sale includes the established business along with its real estate and operating assets.
The property is located at 105 SE Lynn Blvd in Prineville, Oregon, next to the Crook County Fair Grounds and near Juniper Canyon. Its position off Main Street provides access to the surrounding community and rural ranching area. Fair Feed and Supply has served the community for over 25 years, and the sale includes the established business along with its real estate and operating assets.
Key Highlights
- Land, building, inventory, equipment, and operating business included in the sale
- 4,200 square feet in a building constructed in 1991
- Propane sales with drive‑through access
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
$101,183
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
5.78%
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%
$2,023,660
$2.0M
Cap Rate 7%
$1,445,471
$1.4M
Cap Rate 9%
$1,124,256
$1.1M
Market Conditions
NOI Build-Up for 4,200 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
$151.2K $36.00/SF
− Vacancy
−$6.7K −$1.58/SF
EGI
$144.5K $34.42/SF
− OpEx
−$43.4K −$10.32/SF
NOI
$101.2K $24.09/SF
Area
Crook County, OR
Vacancy
4.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,023,660
Cap Rate 7%
$1,445,471
Cap Rate 9%
$1,124,256
Alternative Uses
Best Use
Retail
$1.45M
$1.26M – $1.69M
NOI $101,183 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $127,008 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 32%
Home Improvements & Furnishings 25%
SUBWAY
Dining
3,925 visits/mo
0.5 miles
Chase Bank
Shops & Services
2,832 visits/mo
0.5 miles
True Value
Home Improvements & Furnishings
2,193 visits/mo
0.5 miles
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Sale includes the land, building, inventory, equipment, and operating business.
Where is this retail space located?
The property is located at 105 SE Lynn Blvd Prineville, OR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Land, building, inventory, equipment, and operating business included in the sale; 4,200 square feet in a building constructed in 1991; Propane sales with drive‑through access
