Office Building with Conference
For Sale
$510,000
225 SW 5th St, Pendleton, OR 97801
Custom-built professional office setting with private work areas, meeting facilities, a break room, storage, and ADA-compliant restrooms.
Property Size2,691 SF
Price / SF$189.52
Days on Market68
Property Features for 225 SW 5th St
General Information
Standard status
Active
Size
2,691 SF
Class
Class A
Building Details
Year Built
2013
Buildings
1
Building Size
2,691 SF
Listing Agency:
Coldwell Banker Farley Company
Listed By:
Kevin Hale · License #200804092
(541) 276-0021
Source:
Wisser
Added: Aug 8
Changed: Oct 5
Last Checked: Oct 5 at 10:38PM
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 Coldwell Banker Farley Company
Investment Insights
Based on property information with market context.
Built in 2013, this 2,691-square-foot Class A office building provides a polished setting for professional operations. The interior includes five private offices, two conference rooms that can open into a larger meeting area, a separate kitchen and break room, a dedicated file and storage room, and ADA-compliant restrooms. Professional-grade finishes and richly colored trim complete the interior presentation.
The property is located at 225 SW 5th St in Pendleton, approximately half a block from Pendleton City Hall. Its downtown setting provides access to nearby amenities and major routes. The layout may accommodate legal, accounting, consulting, or medical practices, with the smaller conference room offering the potential for conversion into two additional offices as described in the property information.
The property is located at 225 SW 5th St in Pendleton, approximately half a block from Pendleton City Hall. Its downtown setting provides access to nearby amenities and major routes. The layout may accommodate legal, accounting, consulting, or medical practices, with the smaller conference room offering the potential for conversion into two additional offices as described in the property information.
Key Highlights
- 2,691± SF office building constructed in 2013
- Five private offices and two conference rooms
- Conference rooms can be combined for larger meetings or presentations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,208
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,160
$584.2K
Cap Rate 7%
$417,257
$417.3K
Cap Rate 9%
$324,533
$324.5K
Market Conditions
NOI Build-Up for 2,691 SF
Gross rent
$48.4K $18.00/SF
− Vacancy
−$9.5K −$3.53/SF
EGI
$38.9K $14.47/SF
− OpEx
−$9.7K −$3.62/SF
NOI
$29.2K $10.85/SF
Area
Umatilla County, OR
Vacancy
19.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,160
Cap Rate 7%
$417,257
Cap Rate 9%
$324,533
Alternative Uses
Best Use
Office B
$417.3K
$365.1K – $486.8K
NOI $29,208 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.3K
$492.9K – $657.2K
NOI $39,432 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Custom-built professional office setting with private work areas, meeting facilities, a break room, storage, and ADA-compliant restrooms.
Where is this office building located?
The property is located at 225 SW 5th St Pendleton, OR.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,691± SF office building constructed in 2013; Five private offices and two conference rooms; Conference rooms can be combined for larger meetings or presentations
