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

    1815 NE Four Acre (Bldg #2, 1-7) Adair Village, OR 97330

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $5,243,000

    12,600 SF New Office Building For Sale

    Property size:
    12,600 SF

    Property Features for 1815 NE Four Acre (Bldg #2, 1-7)

    General Information

    Property type
    Office buildings
    Square Feet
    12,600 SF
    Price / Square Foot
    $416
    Elevators
    N/A

    Building Details

    Buildings
    1
    Stories
    2

    Overview

    New Office Building For Sale

    This property features a new 12,600-square-foot office building. It is part of the first upscale commercial condo project in Adair Village, Oregon. Base properties start at 1,800 square feet, with 1,200 square feet on the main floor and 600 square feet on the mezzanine, which is expandable to 1,200 square feet. Each base property is delivered in finished condition. Adjacent units can be combined, and optional elevators are available. The project includes three separate buildings, totaling 20 units, suitable for office, retail, or other uses.

    We can help!

    Listing Contact
    David Suprono

    Learn more

    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Adair Village
    State
    Oregon
    Longitude
    -120.737257
    Latitude
    43.9792797

    Nearby Comparable

    • New
      $30,000
      20.00 Acres

      20 Acres Recreational Land Prineville

      20 acres of recreational land bordering BLM land.
      Juniper Acres, Prineville, OR 97754
      View Details
    • $37,000
      20.00 Acres

      20 Acres Recreational Land Prineville

      20 acres of recreational land bordering BLM land.
      Juniper Acres, Prineville, OR 97754
      View Details
    • $150,000
      20.00 Acres

      20-Acre Off-Grid Getaway

      20-acre parcel with mountain views, ideal for off-grid living.
      5107 SE Lost Cow Rd, Prineville, OR 97754
      View Details
    • $45,000
      11.26 Acres

      11.26 Acres Recreational Land Near Bend

      11.26-acre recreational parcel near Bend, Oregon, bordering public lands.
      400 Goldenview Rnch, Bend, OR 97701
      View Details
    • Contact for pricing

      Recreational Land with Mountain Views

      Land with Cascade Mountain views and seasonal creek.
      SE Almond Ln, Prineville, OR 97754
      View Details
    • New
      $65,000
      Pending

      Bend, OR Recreational Land

      12-acre recreational land with unobstructed mountain views near Bend, Oregon.
      4800 Goldenview Rnch, Bend, OR 97701
      View Details
    • $47,000
      12.60 Acres

      Large Recreational Land Parcel

      12.60-acre parcel near Bend, ideal for recreation.
      800 Goldenview Rnch, Bend, OR 97701
      View Details
    • $47,000
      12.60 Acres

      12.60 Acre Recreational Land Parcel

      Large parcel near Bend, ideal for camping and recreational use.
      800 Goldenview Rnch, Bend, OR 97701
      View Details

    Nearby Similar for Sale

    • $4,494,000
      10,800 SF

      The First Upscale Commercial Condo Project in Corvallis For Sale

      The First Upscale Commercial Condo Project in Corvallis For Sale
      1815 NE Four Acre (Bldg #2, 1-6) Pl, Adair Village, OR 97330
      View Details

    FAQs

    What type of property is this?
    Office building - 12,600 SF New Office Building For Sale
    Where is this office building located?
    The property is located at 1815 NE Four Acre (Bldg #2, 1-7) Adair Village, OR.
    What is the asking price?
    The asking price for this property is $5,243,000.
    (541) 760-5096
    Request Owner's contact information
    1815 NE Four Acre (Bldg #2, 1-7) Adair Village, OR 97330
    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.
    1815 NE Four Acre (Bldg #2, 1-7)
    Adair Village, OR 97330
    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
    1815 NE Four Acre (Bldg #2, 1-7) Adair Village, OR 97330
    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

    We can help!
    Listing Contact
    David Suprono
    (541) 760-5096
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!