Building Details

Year built 1996

Floors in Building 1

Building materials Frame

Roof type Metal

Listing Agency: Keller Williams Realty Central Oregon b***@dunlapfinehomes.com Show Phone

Listed By: Holly Cole · License #201214610 Show Phone

Added: May 13 Changed: Oct 10 Last Checked: Oct 10 at 1:06PM

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MLS# 596845875

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Investment Insights

Based on property information with market context.

Set on 3 acres, this mixed-use property combines a primary residence, guest cottage, RV facilities, and a substantial insulated steel shop. The main home includes 3 bedrooms and 3 bathrooms, along with a 900-square-foot wraparound sunroom. The shop provides 2,116 square feet, ride-through access, and 14-foot drive-through doors for equipment, trailers, or other large items.

Additional site features include three complete RV hookups, a gated entrance, a wraparound driveway, and ample parking. The property carries RCR-C zoning and was built in 1996 with frame construction, a metal roof, and wood-stove heating. Located on Highway 58 in CrescentLake, Oregon, the property offers a combination of residential improvements and commercial-oriented utility.

Key Highlights

• 3‑acre mixed‑use property with RCR‑C zoning
• 2,116‑square‑foot insulated steel shop with 14‑foot drive‑through doors
• Main residence includes 3 bedrooms, 3 bathrooms, and a 900‑square‑foot sunroom

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.

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

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

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 - Mixed residential and commercial improvements include a home, guest cottage, insulated shop, and RV hookups.

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 RCR‑C zoning; 2,116‑square‑foot insulated steel shop with 14‑foot drive‑through doors; Main residence includes 3 bedrooms, 3 bathrooms, and a 900‑square‑foot sunroom