Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    SE Combs Flat Rd Prineville, OR 97754

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $340,639

    Master-planned development land near Prineville's data centers.

    Property size:
    10 SF
    Lot size:
    10.00 Acres

    Property Features for SE Combs Flat Rd

    General Information

    Size
    10 SF
    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Jenn Limoges
    Source: Naiglobal

    Listing Agent: Jenn Limoges

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Ochoco Creek Development Opportunity

    This 10+/- acre master-planned development site is zoned for General Commercial and Mixed-Use Commercial purposes. It is located along Ochoco Creek on the former site of the Ochoco Lumber Company. Proposed future community site development projects include walking trails and gathering spaces. The Ochoco Mill Development is located within minutes of Prineville’s new Apple and Facebook data centers and the Prineville Airport. It is adjacent to the new St. Charles Prineville Hospital and across Highway 26 from Barnes Butte Elementary School and Iron Horse Senior Apartments. Traffic counts are over 5,000 vehicles daily on Third Street and over 3,000 on Combs Flat. The property is also adjacent to an 11.22-acre multi-family development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.827353
    Latitude
    44.3021

    Nearby Similar for Sale

    • $650,000
      0.16 Acres

      Downtown Corner Commercial Building

      Prime downtown Prineville corner with drive-through advantage.
      103 NW 3Rd St, Prineville, OR 97754
      View Details
    • $620,000
      0.20 Acres

      Income-Producing Triplex with Garage/Shop

      Cash-flowing triplex with established tenants and bonus income opportunity.
      646 NE Court St, Prineville, OR 97754
      View Details
    • $1,090,000
      0.21 Acres

      Downtown Prineville Multi-Tenant Office Building

      Fully leased office building in downtown Prineville with 7% cap.
      267 NE 2Nd St, Prineville, OR 97754
      View Details
    • $424,900
      2,012 SF

      Prineville Duplex: Investment Opportunity

      Newer duplex with open design, garages, and included appliances.
      937 NW Cains Rd, Prineville, OR 97754
      View Details
    • New
      $1,500,000
      Pending

      Prineville Mobile Home Park Investment

      Income-producing mobile home park on 4.89 acres in Prineville, Oregon.
      1900 NW Madras Hwy, Prineville, OR 97754
      View Details
    • $650,000
      0.18 Acres

      Commercial Building on US Hwy 26

      3,000 sqft commercial building in growing Prineville community.
      862 NW 3Rd St, Prineville, OR 97754
      View Details
    • $475,000
      0.29 Acres

      Prineville Commercial Building For Sale

      Commercial building in downtown Prineville with multiple entrances and parking.
      430 NW 4Th St, Prineville, OR 97754
      View Details
    • $420,000
      Pending

      Versatile Office/Residential Property, Prineville

      Office space convertible to residential with ADU potential in Prineville.
      296 S Main St, Prineville, OR 97754
      View Details
    • $385,000
      0.07 Acres

      Downtown Prineville Retail/Office Opportunity

      Versatile 1,740 sq ft building in Prineville's vibrant downtown.
      250 NE 3Rd St, Prineville, OR 97754
      View Details
    • $550,000
      1.17 Acres

      Prineville Shop on 1.17 Acres

      3370 SF shop on 1.17 acres, fully fenced.
      701 SE Combs Flat Rd, Prineville, OR 97754
      View Details
    • $1,155,000
      4,800 SF

      Net-Leased Retail in Prineville

      Two-tenant retail building in established shopping center.
      1565 NE 3Rd St, Prineville, OR 97754
      View Details
    • Contact for pricing
      3,053 SF

      Versatile Flex Space in Prineville

      Flexible office and warehouse spaces near major transportation routes.
      1051 SW Layton Ct, Prineville, OR 97754
      View Details

    FAQs

    What type of property is this?
    Land - Master-planned development land near Prineville's data centers.
    Where is this land located?
    The property is located at SE Combs Flat Rd Prineville, OR.
    What is the asking price?
    The asking price for this property is $340,639.
    What are key features of this property?
    This property features: - Master-planned development opportunity.; - Zoned for General Commercial and Mixed-Use Commercial.; - Located near Apple and Facebook data centers.
    (541) 639-2566
    Request Owner's contact information
    SE Combs Flat Rd Prineville, OR 97754
    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.
    SE Combs Flat Rd
    Prineville, OR 97754
    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
    SE Combs Flat Rd Prineville, OR 97754
    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
    Jenn Limoges
    Real Estate License ID: #201207479
    (541) 639-2566
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.