Building Details

Buildings 1

Building Size 7,500 SF

Tenancy Multi

Listing Agency: Merit Commercial RE, LLC s***@gmail.com Show Phone

Listed By: Christopher Chamberlain Show Phone

Source: Exprealty

Added: Oct 6 Changed: Oct 11 Last Checked: Oct 12 at 8:33PM

Report an Issue

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 Merit Commercial RE, LLC

Investment Insights

Based on property information with market context.

This 7,500-square-foot flex building in Newberry Industrial Park is configured as two spaces of 4,500 and 3,000 square feet. Each includes a private office, bathroom, and mezzanine; mezzanine area is excluded from the stated building size. The spaces are insulated and heated, with multiple roll-up doors and power that can be divided between users.

The property comprises two 0.43-acre tax lots, totaling 0.86 acres. One lot is used for additional parking. Existing occupants hold month-to-month leases and may be removed before closing. The property is located in La Pine, Oregon.

Key Highlights

• 7,500‑square‑foot building on 0.86 acres across two 0.43‑acre tax lots
• Two spaces measuring 4,500 and 3,000 square feet
• Each space has an office, bathroom, and mezzanine; mezzanine area is excluded from building square footage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,337

Cap Rate

9.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,686,740 $1.7M

Cap Rate 7%

$1,204,814 $1.2M

Cap Rate 9%

$937,078 $937.1K

Market Conditions

NOI Build-Up for 7,500 SF

Gross rent

$135.0K $18.00/SF

− Vacancy

−$5.3K −$0.70/SF

EGI

$129.7K $17.30/SF

− OpEx

−$45.4K −$6.05/SF

NOI

$84.3K $11.24/SF

Area

Deschutes County, OR

Vacancy

3.89%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,686,740

Cap Rate 7%

$1,204,814

Cap Rate 9%

$937,078

Alternative Uses

Best Use

Flex RnD

$1.20M

$1.05M – $1.41M (±1% cap)

NOI $84,337 @ 7.0% cap · market cap 9.00%

Second Best

Industrial

$989.4K

$865.8K – $1.15M (±1% cap)

NOI $69,261 @ 7.0% cap · market cap 7.39%

Theoretical Best

Retail

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,684 @ 7.0% cap · market cap 19.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Plumbing Service Catering Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

398

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97739, OR

13,102

Population

6,929

Households

1.9

Avg Household Size

53

Median Age

17%

College-Educated

87%

High-School Grad

305.0 sq mi

ZIP Area

43

Density / Sq Mi

$56,256

Median Household Income

$35,775

Median Earnings

$1,144

Median Rent

$327,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Church Property with Open Floor Plan

51330 Anchor Way, La Pine, OR 97739

$499,900

2,992 SF

View details

Industrial Warehouse with Freestanding Office

51336 Russell Road, La Pine, OR 97739

$449,000

2,880 SF

View details

Oregon Ranch with River Frontage

52255 Huntington Road, La Pine, OR 97739

$21,000,000

1,499.00 Acres

View details

Standalone Office Building

16440 Finley Butte Rd, La Pine, OR 97739

$399,000

1,376 SF

View details

Sports Pub

52600 Hwy 97, La Pine, OR 97739

Contact for pricing

3,825 SF

View details

24-Unit Apartment Building

51376 Preble Way, La Pine, OR 97739

Contact for pricing

20,424 SF

View details

Two-Bay Auto Shop Lot

16389 3rd St, La Pine, OR 97739

$575,000

View details

Duplex with Attached Garages

16406 Heath Drive A & B, La Pine, OR 97739

$449,000

View details

Similar Off Market Nearby

• La Pine Senior Activity Center — 16450 Victory Way, La Pine, OR 97739

Frequently Asked Questions

What type of property is this?

Flex space - Separate office areas, bathrooms, mezzanines, and divisible power support flexible occupancy arrangements.

Where is this flex space located?

The property is located at 16605 Assembly Way La Pine, OR.

What is the asking price?

The asking price for this property is $937,500.

What are key features of this property?

This property features: 7,500‑square‑foot building on 0.86 acres across two 0.43‑acre tax lots; Two spaces measuring 4,500 and 3,000 square feet; Each space has an office, bathroom, and mezzanine; mezzanine area is excluded from building square footage