Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5-Acre Parcel Bordering Public Lands Title is generated by Realmo AI

    3200 Thomas Road, Prineville, OR 97754

    View on Map
    Claim this Listing
    For Sale
    $142,500

    5-acre parcel with views, bordering public lands.

    Type:Land
    Property size:
    217,800 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $0.65/SF
    Added:
    Jul 26, 2025
    Days on Market:
    306
    Last Refresh:
    May 21 at 9:00 am

    Property Features for 3200 Thomas Road

    General Information

    Standard status
    Active
    Size
    217,800 SF
    Lot size
    5.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mary Gillen Doyle

    Listing agent Mary Gillen Doyle License #200408269

    Listing office Coldwell Banker Bain

    Listing date Jul 26, 2025

    Source Compass

    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 Bain

    HighLights

    • Borders public lands, offering direct access for recreation.
    • 5‑acre parcel provides ample space for building or recreational use.
    • Enjoy views of surrounding territory including Cascade Mountains.
    • Conveniently located minutes from downtown and a short commute to Prineville Reservoir.
    • Power available down the road.
    • Corners are pinned, simplifying boundary identification.

    Overview

    This 5-acre parcel offers open space with views of the surrounding territory, including some Cascade Mountains. The property features a country setting with native juniper, sage, and grasses. It borders public lands and is located minutes from downtown and a short commute to Prineville Reservoir. Power is located down the road west on Thomas Road. The property offers space for building a home, barn, or shop, or for use as a weekend getaway. It is suitable for animals. The corners of the property are pinned. Sellers have three additional 5-acre parcels for sale; one on Bluebird and two on Iowa.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Cosmetic Store Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.785262
    Latitude
    44.233728

    Nearby Similar for Sale

    • $475,000
      3,622 SF

      Prineville Commercial Building For Sale

      3,622 sqft commercial building in downtown Prineville, Oregon.
      430 NW 4th Street, Prineville, OR 97754
      View Details
    • $525,000
      2,644 SF

      Prineville Triplex: Investment Opportunity

      Well-maintained triplex in Prineville with strong rental history.
      365 NE Loper Avenue, Prineville, OR 97754
      View Details
    • $1,699,000
      3,200 SF

      Turnkey RV and Boat Storage

      RV/boat storage with residence, shop, and income stream.
      1584 N Gardner Road, Prineville, OR 97754
      View Details
    • $650,000

      Downtown Prineville Commercial Building

      Prime corner location with flexible space and drive-through.
      103 NW 3rd Street, Prineville, OR 97754
      View Details
    • $385,000
      1,740 SF

      Downtown Prineville Retail/Office Opportunity

      Versatile 1,740 sq ft building in Prineville's vibrant downtown.
      250 NE 3rd Street, Prineville, OR 97754
      View Details
    • $425,000
      1,560 SF

      Downtown Prineville Mixed-Use Property

      Versatile, renovated property in downtown Prineville with live/work potential.
      150 SW Deer Street, Prineville, OR 97754
      View Details
    • $420,000
      2,630 SF

      Versatile Commercial/Residential Property, Prineville

      Mixed-use property in Prineville with office and residential potential.
      296 S Main Street, Prineville, OR 97754
      View Details
    • $275,000

      Commercial Land in Prineville Heart

      0.95 acres of commercial land, ideal for boutique business.
      151605 NE 3rd Street, Prineville, OR 97754
      View Details
    • $1,450,000

      Expansive Ranch and Recreational Property

      969-acre working ranch with hunting and recreational opportunities.
      40624 SE Camp Creek Rd, Prineville, OR 97754
      View Details
    • $1,090,000
      4,595 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building in downtown Prineville, fully leased through 2026.
      267 NE 2nd Street, Prineville, OR 97754
      View Details
    • $110,000

      Prineville Vacant Lot with Views

      Large, elevated lot with valley views in IronHorse subdivision.
      NE Compass Court, Prineville, OR 97754
      View Details
    • $499,000

      Prime Industrial Land in Prineville

      4.77 acre industrial parcel with excellent frontage and exposure.
      319 SW Tom McCall Road, Prineville, OR 97754
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre parcel with views, bordering public lands.
    Where is this land located?
    The property is located at 3200 Thomas Road Prineville, OR.
    What is the asking price?
    The asking price for this property is $142,500.
    What are key features of this property?
    This property features: Borders public lands, offering direct access for recreation.; 5‑acre parcel provides ample space for building or recreational use.; Enjoy views of surrounding territory including Cascade Mountains.
    (541) 280-4372
    We can help!
    Listing Contact
    Mary Gillen Doyle
    Real Estate License ID: 200408269
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3200 Thomas Road, Prineville, OR 97754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!