Flex Space with Private
For Sale
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167 W Sisters Park Dr, Sisters, OR 97759
Flexible commercial space combines an open work area, private office, restroom, and on-site parking options.
Property Size1,500 SF
Days on Market48
Property Features for 167 W Sisters Park Dr
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1993
Listing Agency:
Sunriver Realty
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 20 at 8:37PM
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 Sunriver Realty
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Investment Insights
Based on property information with market context.
This 1,500-square-foot flex space, built in 1993, features a broad carpeted work area with extensive windows, a private 8 x 13 office, and one restroom. The building entrance is oriented toward a large warehouse, providing a functional setting for office and work-related operations.
Parking is available both on the street and within the property’s parking lot. The layout offers a combination of open workspace and enclosed office area within a compact commercial footprint.
Parking is available both on the street and within the property’s parking lot. The layout offers a combination of open workspace and enclosed office area within a compact commercial footprint.
Key Highlights
- 1,500 SF flex space built in 1993
- Open carpeted work area with lots of windows
- Private 8 x 13 office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,852
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,040
$277.0K
Cap Rate 7%
$197,886
$197.9K
Cap Rate 9%
$153,911
$153.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.3K $13.56/SF
− Vacancy
−$551 −$0.37/SF
EGI
$19.8K $13.19/SF
− OpEx
−$5.9K −$3.96/SF
NOI
$13.9K $9.23/SF
Area
Deschutes County, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,040
Cap Rate 7%
$197,886
Cap Rate 9%
$153,911
Alternative Uses
Best Use
Office B
$307.7K
$269.3K – $359.0K
NOI $21,541 @ 7.0% cap · market cap 2,154,100.00%
Second Best
Flex RnD
$241.0K
$210.8K – $281.1K
NOI $16,867 @ 7.0% cap · market cap 1,686,700.00%
Theoretical Best
Retail
$516.2K
$451.7K – $602.3K
NOI $36,137 @ 7.0% cap · market cap 3,613,700.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97759, OR
7,787
Population
5,110
Households
1.5
Avg Household Size
55
Median Age
49%
College-Educated
95%
High-School Grad
545.7 sq mi
ZIP Area
14
Density / Sq Mi
$100,848
Median Household Income
$39,237
Median Earnings
$1,402
Median Rent
$695,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space combines an open work area, private office, restroom, and on-site parking options.
Where is this flex space located?
The property is located at 167 W Sisters Park Dr Sisters, OR.
What are key features of this property?
This property features: 1,500 SF flex space built in 1993; Open carpeted work area with lots of windows; Private 8 x 13 office
