For Sale
$335,000
52702 Highway 97, La Pine, OR 97739
Commercial Sale, La Pine, OR
Property Size1,296 SF
Lot Size0.90 Acres
Price / SF$258.49
Days on Market50
Property Features for 52702 Highway 97
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CMX
Parking features
Driveway
Lot features
Level, Native Plants
View
Forest
Standard status
Active
APN
114180
Size
1,296 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2050
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Roof type
Metal
Listing Agency:
Village Properties
(541) 593-1653
Listed By:
Mark G Halvorsen
(866) 348-9871
Added: Sep 2
Changed: Oct 20
Last Checked: Oct 21 at 8:06PM
MLS# 220228062
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,597
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,940
$331.9K
Cap Rate 7%
$237,100
$237.1K
Cap Rate 9%
$184,411
$184.4K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$32.7K $25.20/SF
− Vacancy
−$2.5K −$1.92/SF
EGI
$30.2K $23.28/SF
− OpEx
−$13.6K −$10.48/SF
NOI
$16.6K $12.81/SF
Area
Deschutes County, OR
Vacancy
7.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,940
Cap Rate 7%
$237,100
Cap Rate 9%
$184,411
Alternative Uses
Best Use
Apartment 5plus
$237.1K
$207.5K – $276.6K
NOI $16,597 @ 7.0% cap · market cap 4.95%
Second Best
Mixed Use
$234.9K
$205.6K – $274.1K
NOI $16,446 @ 7.0% cap · market cap 4.91%
Theoretical Best
Retail
$446.0K
$390.3K – $520.4K
NOI $31,222 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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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
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Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 52702 Highway 97 La Pine, OR.
What is the asking price?
The asking price for this property is $335,000.
