Downtown Prineville Mixed-Use
150 SW Deer Street, Prineville, OR 97754
COMMERCIAL - Prineville, OR
Property size:
1,560 SFLot size:
0.17 AcresPrice / SF:
$272/SF- Added:
- Jan 22, 2026
- Days on Market:
- 125
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 150 SW Deer Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, RV, Driveway
- 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
- Partial, Unfinished
- Standard status
- Active
- 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, Heat Pump (Heating), Forced Air
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Concrete, Carpet, Tile, Laminate
- Building materials
- Frame
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Joseph Raymond Becker License #201232547 (541) 233-6990
Listing office Root & Branch Realty Group 896 NE 3rd St., Prineville, OR (541) 447-8993
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
- Extensively renovated with updated wiring, plumbing, insulation, windows, and reinforced floor systems.
- Zoned R2 with potential for live/work use or short‑term rental (buyer to verify).
- Flexible layout with two kitchens.
- Prominent corner lot with strong visibility, accessibility, and ample parking, including a detached two‑car garage.
- Located in downtown Prineville, one block from the Crook County Justice Center.
- Recently used as a short‑term rental with demonstrated income.
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$248.9K
NOI $22,403 @ 9.00% cap · cautious / downside scenario
Moderate
$320.0K
NOI $22,403 @ 7.00% cap · market / base-case scenario
Aggressive
$448.1K
NOI $22,403 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
Best Use
Office B
$320.0K
$280.0K – $373.4K
NOI $22,403 @ 7.0% cap · market cap 5.27%
Second Best
Mixed Use
$314.2K
$275.0K – $366.6K
NOI $21,996 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$673.9K
$589.7K – $786.2K
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
Location Insight
- Map
- Local Demand
- City
- Prineville
- County
- Crook
- State
- Oregon
- Longitude
- -120.8505
- Latitude
- 44.300857
Nearby Similar for Sale
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: Extensively renovated with updated wiring, plumbing, insulation, windows, and reinforced floor systems.; Zoned R2 with potential for live/work use or short‑term rental (buyer to verify).; Flexible layout with two kitchens.
