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    Downtown Prineville Mixed-Use Property Title is generated by Realmo AI

    150 SW Deer Street, Prineville, OR 97754

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    Claim this Listing
    Pending
    $425,000

    COMMERCIAL - Prineville, OR

    Property size:
    1,560 SF
    Lot size:
    0.17 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 17 at 8:06 am

    Property Features for 150 SW Deer Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street, Driveway, RV
    Security features
    Security System
    Window features
    Double Pane Windows, Vinyl Frames
    Patio and Porch features
    Porch
    Interior features
    Built-in Features, Ceiling Fan(s), Solar Tube(s), Solid Surface Counters, Tile Counters
    Exterior features
    Courtyard
    Basement
    Unfinished, Partial
    Standard status
    Pending
    APN
    8827
    Size
    1,560 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2856

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Laminate, Tile, Carpet, Concrete
    Building materials
    Frame
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Joseph Raymond Becker
    Joseph Raymond Becker

    Listing agent Joseph Raymond Becker License #201232547

    Listing office Root & Branch Realty Group 896 NE 3rd St., Prineville, OR

    Listing date Jan 22, 2026

    MLS# 220214139

    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.

    HighLights

    • Approx. 1,560 SF across two levels on a prominent corner lot at Deer St and 1st St in downtown Prineville
    • Zoned R2 with potential for live/work use or short‑term rental (buyer to verify)
    • Extensively renovated with updated wiring, plumbing, insulation, windows, reinforced floor systems, and concrete floors
    • Flexible layout with two kitchens and multiple interior features including built‑in features and solar tubes
    • Heating and cooling include forced air, heat pump (heating), natural gas, and central air with heat pump
    • Public water and public sewer; exterior features include a courtyard plus a detached two‑car garage and parking for RV and on‑street/driveway

    Overview

    Located one block from the Crook County Justice Center in downtown Prineville, this versatile property is zoned R2 and offers potential for live/work use or short-term rental, subject to buyer verification. The building provides approximately 1,560 square feet across two levels. It has been extensively renovated, featuring updated wiring, plumbing, insulation, windows, reinforced floor systems, and concrete floors. The flexible layout includes two kitchens. Situated on a prominent corner lot at Deer St and 1st St, the property benefits from strong visibility, accessibility, and ample on-site and street parking, along with a detached two-car garage. Public utilities and natural gas are available, and the property is equipped with modern mechanical systems. The property has been recently used in part as a short-term rental with demonstrated income. It is suitable for owner-users or investors seeking a flexible-use asset in a growing Central Oregon market. The lot size is 0.17 acres.

    Local 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 $31.8k $20.40
    − Vacancy −$2.0k −$1.25
    EGI $29.9k $19.15
    − OpEx −$7.5k −$4.79
    NOI $22.4k $14.36
    1,560 SF · lease $20.40/SF/yr · vacancy 6.14% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $320.0K
    $280.0K – $373.4K (±1% cap)
    NOI $22,403 @ 7.0% cap · market cap 5.27%
    Second Best
    Mixed Use
    $314.2K
    $275.0K – $366.6K (±1% cap)
    NOI $21,996 @ 7.0% cap · market cap 5.18%
    Theoretical Best
    Specialty Retail
    $673.9K
    $589.7K – $786.2K (±1% cap)
    NOI $47,174 @ 7.0% cap · market cap 11.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.8505
    Latitude
    44.300857

    FAQs

    What type of property is this?
    Mixed-use property - Versatile, renovated property in downtown Prineville with live/work potential.
    Where is this mixed-use property located?
    The property is located at 150 SW Deer Street Prineville, OR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Approx. 1,560 SF across two levels on a prominent corner lot at Deer St and 1st St in downtown Prineville; Zoned R2 with potential for live/work use or short‑term rental (buyer to verify); Extensively renovated with updated wiring, plumbing, insulation, windows, reinforced floor systems, and concrete floors
    More about this property
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