Industrial Warehouse with Freestanding
New
For Sale
$449,000
51336 Russell Road, La Pine, OR 97739
The site combines warehouse capacity, a separate office, and substantial yard area for industrial operations.
Property Size2,880 SF
Lot Size2.34 Acres
Price / SF$155.90
Days on Market2
Property Features for 51336 Russell Road
General Information
Standard status
Active
Size
2,880 SF
Lot size
2.34 Acres
Property subtype
Commercial
Zoning
I
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
2,160 SF
Office Build-Out
720 SF
Three-Phase Power
Yes
Building Details
Year Built
2000
Building Size
2,880 SF
Listing Agency:
Compass Commercial Real Estate
Listed By:
Kristina Schmitt · License #c11213
Source:
Bendoregonrealestate
Added: Oct 7
Last Checked: Oct 7 at 2:01PM
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 Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,880-square-foot industrial property includes 2,160 square feet of warehouse space and a detached 720-square-foot office. The office is arranged with a private workspace, reception lobby, and restroom, and has air conditioning. Warehouse features include a 12-foot roll-up door and three-phase power with extensive distribution. The building was constructed in 2000.
Two tax lots total 2.34 acres, with one parcel measuring 1.34 acres and the other 1.00 acre. The property is zoned Industrial (I) and served by City water and sewer. On-site features include yard area and parking.
Two tax lots total 2.34 acres, with one parcel measuring 1.34 acres and the other 1.00 acre. The property is zoned Industrial (I) and served by City water and sewer. On-site features include yard area and parking.
Key Highlights
- 2,880 SF total, including 2,160 SF of warehouse and a 720 SF freestanding office
- Two tax lots total 2.34 acres: 1.34 acres and 1.00 acre
- Three‑phase power with extensive distribution
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,295
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,900
$645.9K
Cap Rate 7%
$461,357
$461.4K
Cap Rate 9%
$358,833
$358.8K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$39.1K $13.56/SF
− Vacancy
−$1.1K −$0.37/SF
EGI
$38.0K $13.19/SF
− OpEx
−$5.7K −$1.98/SF
NOI
$32.3K $11.21/SF
Area
Deschutes County, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,900
Cap Rate 7%
$461,357
Cap Rate 9%
$358,833
Alternative Uses
Best Use
Warehouse
$461.4K
$403.7K – $538.3K
NOI $32,295 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$991.2K
$867.3K – $1.16M
NOI $69,383 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97739, OR
13,102
Population
6,929
Households
1.9
Avg Household Size
53
Median Age
17%
College-Educated
87%
High-School Grad
305.0 sq mi
ZIP Area
43
Density / Sq Mi
$56,256
Median Household Income
$35,775
Median Earnings
$1,144
Median Rent
$327,500
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - The site combines warehouse capacity, a separate office, and substantial yard area for industrial operations.
Where is this warehouse located?
The property is located at 51336 Russell Road La Pine, OR.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,880 SF total, including 2,160 SF of warehouse and a 720 SF freestanding office; Two tax lots total 2.34 acres: 1.34 acres and 1.00 acre; Three‑phase power with extensive distribution
