Two-Story Mixed-Use
339 N Main Street, Prineville, OR 97754
For Sale
$750,000
Downtown commercial building with salon, wellness, and professional office uses across two levels.
Property Size3,801 SF
Price / SF$197.32
Days on Market49
Property Features for 339 N Main Street
General Information
Standard status
Size
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Century 21 North Homes Realty
(541) 548-2131
Listed By:
Bruce Barrett · License #860600301
(541) 410-3484
Source:
Goashland
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 6 at 8:59AM
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 Century 21 North Homes Realty
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Investment Insights
Based on property information with market context.
Built in 1924, this 3,801-square-foot mixed-use property provides two levels of commercial space along N Main Street in downtown Prineville. The building has received recent upgrades and combines a ground-floor salon and wellness area with a second-floor office component.
The lower level includes salon equipment, with all stations leased to independent operators. Four professional office suites occupy the upper floor, creating a varied tenant arrangement within the building. Existing leases are scheduled for an upcoming rate increase, and the property includes Main Street frontage with dedicated signage.
The lower level includes salon equipment, with all stations leased to independent operators. Four professional office suites occupy the upper floor, creating a varied tenant arrangement within the building. Existing leases are scheduled for an upcoming rate increase, and the property includes Main Street frontage with dedicated signage.
Key Highlights
- 3,801 SF mixed‑use building constructed in 1924
- Two‑story layout with salon, wellness, and office space
- Ground‑floor salon equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,594
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,880
$1.1M
Cap Rate 7%
$765,629
$765.6K
Cap Rate 9%
$595,489
$595.5K
Market Conditions
NOI Build-Up for 3,801 SF
Gross rent
$91.2K $24.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$85.8K $22.56/SF
− OpEx
−$32.2K −$8.46/SF
NOI
$53.6K $14.10/SF
Area
Crook County, OR
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,880
Cap Rate 7%
$765,629
Cap Rate 9%
$595,489
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,571 @ 7.0% cap · market cap 12.21%
Second Best
Mixed Use
$765.6K
$669.9K – $893.2K
NOI $53,594 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,942 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
85k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 27%
Groceries 14%
Home Improvements & Furnishings 3%
McDonald's
Dining
18,860 visits/mo
0.2 miles
Wagner's IGA
Groceries
11,895 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,446 visits/mo
0.3 miles
Sinclair
Shops & Services
7,409 visits/mo
0.2 miles
Shell
Shops & Services
4,596 visits/mo
0.5 miles
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial building with salon, wellness, and professional office uses across two levels.
Where is this mixed-use property located?
The property is located at 339 N Main Street Prineville, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,801 SF mixed‑use building constructed in 1924; Two‑story layout with salon, wellness, and office space; Ground‑floor salon equipment included
