Flex Office/Warehouse
For Sale
Contact for pricing
1051 SW Layton Ct, Prineville, OR 97754
Flex condominium suites offer office and warehouse space with 1427 or 1227 roll-ups and M-1 light industrial zoning.
Property Size3,023 SF
Lot Size1.69 Acres
Price / SF$215
Days on Market589
Property Features for 1051 SW Layton Ct
General Information
Standard status
Active
Size
3,023 SF
Lot size
1.69 Acres
Property subtype
INDUSTRIAL
Zoning
M-1
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Tenancy
Multi
Listing Agency:
Fratzke Commercial Real Estate
(541) 306-4948
Listed By:
Brian Fratzke · License #200402169
(541) 480-2526
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Oct 26
Last Checked: Oct 30 at 5:21PM
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 Fratzke Commercial Real Estate
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Investment Insights
Based on property information with market context.
These flex office/warehouse condominiums are designed for combined workspace and storage, with office and warehouse configurations served by 1427 roll-ups or 1227 roll-ups into the warehouse. The property includes three buildings (A, B & C) totaling 26,863+/- SF, with multiple condominium suites available.
The units are located within Tom McCall Business Park with easy access to main highway, the airport, and major east/west transportation routes. The buildings are offered in a light industrial setting under M-1 zoning.
Service is supported by three (3) phase 100/200 amp electrical service. Condominium suites range from 2,543+/- SF to 4,173+/- SF, with modern architecture supporting the office-and-warehouse mix.
The units are located within Tom McCall Business Park with easy access to main highway, the airport, and major east/west transportation routes. The buildings are offered in a light industrial setting under M-1 zoning.
Service is supported by three (3) phase 100/200 amp electrical service. Condominium suites range from 2,543+/- SF to 4,173+/- SF, with modern architecture supporting the office-and-warehouse mix.
Key Highlights
- Flex condominium suites available from 2,543+/- SF to 4,173+/- SF, with modern office & warehouse combo space
- Flexible office/warehouse setup with 14' roll‑ups or 12' roll‑ups into the warehouse
- Three buildings (A, B & C) totaling 26,863+/- SF on 1.69 acres (73,616+/- SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,412
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,240
$868.2K
Cap Rate 7%
$620,171
$620.2K
Cap Rate 9%
$482,356
$482.4K
Market Conditions
NOI Build-Up for 3,023 SF
Gross rent
$61.7K $20.40/SF
− Vacancy
−$3.8K −$1.25/SF
EGI
$57.9K $19.15/SF
− OpEx
−$14.5K −$4.79/SF
NOI
$43.4K $14.36/SF
Area
Crook 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 Rate 5%
$868,240
Cap Rate 7%
$620,171
Cap Rate 9%
$482,356
Alternative Uses
Best Use
Office B
$620.2K
$542.7K – $723.5K
NOI $43,412 @ 7.0% cap · market cap 6.68%
Second Best
Flex RnD
$588.1K
$514.6K – $686.2K
NOI $41,170 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,416 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex condominium suites offer office and warehouse space with 1427 or 1227 roll-ups and M-1 light industrial zoning.
Where is this flex space located?
The property is located at 1051 SW Layton Ct Prineville, OR.
What is the asking price?
The asking price for this property is $649,945.
What are key features of this property?
This property features: Flex condominium suites available from 2,543+/- SF to 4,173+/- SF, with modern office & warehouse combo space; Flexible office/warehouse setup with 14' roll‑ups or 12' roll‑ups into the warehouse; Three buildings (A, B & C) totaling 26,863+/- SF on 1.69 acres (73,616+/- SF)
