Building Details

Year Built 1996

Buildings 3

Building Size 2,116 SF

Construction steel

Listing Agency: Keller Williams Realty Central Oregon

Listed By: Holly Cole · License #201214610 Show Phone

Source: Rosecityrealtygroup

Added: Aug 14 Changed: Oct 14 Last Checked: Oct 7 at 4:07PM

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Investment Insights

Based on property information with market context.

Set on 3 acres, this mixed-use property combines a 2,820-square-foot main residence with a guest cottage and substantial commercial-style outbuilding. The home includes 3 bedrooms, 3 bathrooms, a primary suite, and a 900-square-foot wraparound sunroom. An insulated steel shop measures 2,116 square feet and includes 14-foot drive-through doors for equipment, trailers, and recreational vehicles.

Residential and commercial zoning is in place, with three complete RV hookups and room for additional spaces. The property also features a gated entry, wraparound drive, and extensive parking. Located at 18142 Highway 58 in Crescent Lake, the property is minutes from Crescent and Odell Lakes, Willamette Pass ski area, Diamond Peak trails, and the Pacific Crest Trail. Built in 1996, the site offers a combination of residential improvements, storage capacity, and documented lodging and RV-related use possibilities.

Key Highlights

• 3‑acre mixed‑use property with residential and commercial zoning
• 2,820 SF main home with 3 BD/3 BA and a 900 SF wraparound sunroom
• 2,116 SF insulated steel shop with 14' drive‑through doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,508

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,160 $590.2K

Cap Rate 7%

$421,543 $421.5K

Cap Rate 9%

$327,867 $327.9K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$36.1K $12.90/SF

− Vacancy

−$1.4K −$0.50/SF

EGI

$34.7K $12.40/SF

− OpEx

−$5.2K −$1.86/SF

NOI

$29.5K $10.54/SF

Area

Klamath County, OR

Vacancy

3.89%

Lease Rate

$12.90 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,160

Cap Rate 7%

$421,543

Cap Rate 9%

$327,867

Alternative Uses

Best Use

Warehouse

$421.5K

$368.9K – $491.8K (±1% cap)

NOI $29,508 @ 7.0% cap · market cap 4.37%

Second Best

Mixed Use

$362.7K

$317.4K – $423.2K (±1% cap)

NOI $25,389 @ 7.0% cap · market cap 3.76%

Theoretical Best

Office A

$572.3K

$500.8K – $667.7K (±1% cap)

NOI $40,062 @ 7.0% cap · market cap 5.94%

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

Property Analytics

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Current Use

Mixed-use properties

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 97733, OR

893

Population

1,169

Households

0.8

Avg Household Size

56

Median Age

27%

College-Educated

74%

High-School Grad

378.5 sq mi

ZIP Area

2

Density / Sq Mi

$46,620

Median Household Income

$18,707

Median Earnings

$223,200

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

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Residential and commercial zoning accommodates documented lodging, storage, vacation rental, and RV rental uses.

Where is this mixed-use property located?

The property is located at 18142 Highway 58 Crescent Lake, OR.

What is the asking price?

The asking price for this property is $674,900.

What are key features of this property?

This property features: 3‑acre mixed‑use property with residential and commercial zoning; 2,820 SF main home with 3 BD/3 BA and a 900 SF wraparound sunroom; 2,116 SF insulated steel shop with 14' drive‑through doors