Office Building with Rear
For Sale
$275,000
435 SW Dorion Ave, Pendleton, OR 97801
Professional property across from Pendleton City Hall with on-site parking and an adaptable interior arrangement.
Property Size1,914 SF
Price / SF$143.68
Days on Market55
Property Features for 435 SW Dorion Ave
General Information
Standard status
Active
Size
1,914 SF
Total Parking Spaces
10
Building Details
Year Built
1962
Buildings
1
Construction
stucco
Listing Agency:
Coldwell Banker Farley Company
Listed By:
Kevin Hale · License #200804092
(541) 276-0021
Source:
Rosecityrealtygroup
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 7 at 3:16PM
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.
This 1,914-square-foot office building was constructed in 1962 and presents a flexible configuration for a professional business. The exterior combines stucco siding with a metal roof, while the interior includes a rear office area that may be sublet separately. The layout also allows consideration of interior tenant improvements for a future owner.
Located at 435 SW Dorion Ave in Pendleton, the property sits directly across from Pendleton City Hall. A dedicated parking area behind the building provides 10 spaces for staff and visitors.
Located at 435 SW Dorion Ave in Pendleton, the property sits directly across from Pendleton City Hall. A dedicated parking area behind the building provides 10 spaces for staff and visitors.
Key Highlights
- 1,914‑square‑foot office building constructed in 1962
- Rear office area may be sublet separately
- Stucco exterior with a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,775
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,500
$415.5K
Cap Rate 7%
$296,786
$296.8K
Cap Rate 9%
$230,833
$230.8K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$34.5K $18.00/SF
− Vacancy
−$6.8K −$3.53/SF
EGI
$27.7K $14.47/SF
− OpEx
−$6.9K −$3.62/SF
NOI
$20.8K $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%
$415,500
Cap Rate 7%
$296,786
Cap Rate 9%
$230,833
Alternative Uses
Best Use
Office B
$296.8K
$259.7K – $346.3K
NOI $20,775 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,052
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 - Professional property across from Pendleton City Hall with on-site parking and an adaptable interior arrangement.
Where is this office building located?
The property is located at 435 SW Dorion Ave Pendleton, OR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,914‑square‑foot office building constructed in 1962; Rear office area may be sublet separately; Stucco exterior with a metal roof
