Retail Building with Drive-Through
For Sale
$1,750,000
105 SE Lynn Boulevard, Prineville, OR 97754
Commercial Sale, Prineville, OR
Property Size4,200 SF
Lot Size1.06 Acres
Price / SF$416.67
Days on Market94
Property Features for 105 SE Lynn Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C5; Recreational Commerci
Security features
Security System
Window features
Double Pane Windows, Vinyl Frames
Interior features
Laminate Counters, Solar Tube(s)
Lot features
Fenced, Level
View
Territorial
Directions
Go south on Main Street, turn left on Lynn Blvd. Fair Feed is immediately on the left.
Standard status
Active
APN
15722
Size
4,200 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10052
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1991
Floors in Building
1
Flooring type
Concrete
Building materials
Steel Frame, Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Mike Gale Helms · License #201227472
(541) 979-0119
Added: May 29
Changed: Aug 28
Last Checked: Aug 30 at 4:06AM
MLS# 220222360
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 retail property includes a 4,200-square-foot steel-frame building on 1.06 acres, with concrete flooring, a metal roof, public water, and public sewer. Interior features include laminate counters and solar tubes, while heating is provided by natural gas and wall furnaces. Cooling consists of wall and window units.
The property operates as Fair Feed and Supply, serving small and large animal needs within the local rural ranching community. The sale includes the land, building, inventory, equipment, and operating business. The site is located next to the Crook County Fair Grounds, at the base of Juniper Canyon, and provides drive-through access for propane service. Additional operations include U-Haul rentals. The business has served the community for over 25 years and reports a 12.5% cap rate.
The property operates as Fair Feed and Supply, serving small and large animal needs within the local rural ranching community. The sale includes the land, building, inventory, equipment, and operating business. The site is located next to the Crook County Fair Grounds, at the base of Juniper Canyon, and provides drive-through access for propane service. Additional operations include U-Haul rentals. The business has served the community for over 25 years and reports a 12.5% cap rate.
Key Highlights
- 4,200‑square‑foot retail building on 1.06 acres
- Steel‑frame construction with a metal roof and concrete flooring
- Land, building, inventory, equipment, and operating business included
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
Single-tenant
Tenancy
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 - Established feed and supply operation with land, inventory, equipment, and business included in the sale.
Where is this retail space located?
The property is located at 105 SE Lynn Boulevard 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: 4,200‑square‑foot retail building on 1.06 acres; Steel‑frame construction with a metal roof and concrete flooring; Land, building, inventory, equipment, and operating business included
