Flex Office/Warehouse
1051 SW Layton Ct Prineville, OR 97754
For Sale
Contact for pricing
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 Market497
Property Features for 1051 SW Layton Ct
General Information
Standard status
Active
Size
3,023 SF
Lot size
1.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Fratzke Commercial Real Estate
(541) 480-2526
Listed By:
Brian Fratzke · License #200402169
(541) 480-2526
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Jul 26
Last Checked: Jul 29 at 4:10PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.7k | $20.40 |
| − Vacancy | −$3.8k | −$1.25 |
| EGI | $57.9k | $19.15 |
| − OpEx | −$14.5k | −$4.79 |
| NOI | $43.4k | $14.36 |
3,023 SF · lease $20.40/SF/yr · vacancy 6.14% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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)
