Mixed-Use Property with RV
For Sale
$674,900
18142 Highway 58, Crescent Lake, OR 97733
Commercial Sale, Crescent Lake, OR
Property Size2,800 SF
Lot Size3.00 Acres
Price / SF$241.04
Days on Market115
Property Features for 18142 Highway 58
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RCR-C
Parking features
Driveway, RV
Window features
ENERGY STAR Qualified WIndows, Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch
Interior features
Built-in Features, Ceiling Fan(s)
Exterior features
Fire Pit, RV Dump, RV Hookup
Lot features
Level, Native Plants, Wooded
View
Forest, Territorial
Standard status
Active
APN
144793
Size
2,800 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1568
Utilities
Sewer type
Septic Tank
Heating system
Wood, Propane (Heating)
Water source
Well, Spring
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate, Carpet
Building materials
Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Central Oregon
(541) 585-3760
Listed By:
Holly Cole · License #201214610
(541) 480-4208
Added: May 4
Changed: Aug 19
Last Checked: Aug 26 at 1:06AM
MLS# 220220621
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.
Investment Insights
Based on property information with market context.
This mixed-use property occupies 3 acres at 18142 Highway 58 and includes a frame-built main residence, guest cottage, and a 2,116-square-foot insulated steel shop. The shop has 14-foot drive-through doors and provides enclosed space for equipment, vehicles, tools, and trailers. A wraparound sunroom, porch, gated entry, wraparound drive, and RV-related improvements are also part of the property. The residence was built in 1996 and includes tile, laminate, and carpet flooring, along with wood and propane heating.
Dual residential and commercial zoning is supported by three complete RV hookups, an RV dump, well and spring water sources, and a septic tank. The property is located in Crescent Lake, Oregon, near Crescent Lake, Odell Lake, Willamette Pass ski area, Diamond Peak trails, and the Pacific Crest Trail. Parking is provided by the driveway and RV parking areas.
Dual residential and commercial zoning is supported by three complete RV hookups, an RV dump, well and spring water sources, and a septic tank. The property is located in Crescent Lake, Oregon, near Crescent Lake, Odell Lake, Willamette Pass ski area, Diamond Peak trails, and the Pacific Crest Trail. Parking is provided by the driveway and RV parking areas.
Key Highlights
- 3‑acre mixed‑use property at 18142 Highway 58, Crescent Lake, OR 97733
- Dual residential and commercial zoning
- 2,116 SF insulated steel shop with 14' drive‑through doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,780
$507.8K
Cap Rate 7%
$362,700
$362.7K
Cap Rate 9%
$282,100
$282.1K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$43.7K $15.60/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$40.6K $14.51/SF
− OpEx
−$15.2K −$5.44/SF
NOI
$25.4K $9.07/SF
Area
Klamath County, OR
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,780
Cap Rate 7%
$362,700
Cap Rate 9%
$282,100
Alternative Uses
Best Use
Mixed Use
$362.7K
$317.4K – $423.2K
NOI $25,389 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,062 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Dual residential and commercial zoning supports a versatile property with lodging, storage, and recreational vehicle use potential.
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 at 18142 Highway 58, Crescent Lake, OR 97733; Dual residential and commercial zoning; 2,116 SF insulated steel shop with 14' drive‑through doors
