Mixed-Use Property with Manufactured
For Sale
$335,000
52702 Hwy 97, La Pine, OR 97739
CMX zoning supports a combination of residential and commercial uses across two adjoining lots.
Property Size1,296 SF
Price / SF$258.49
Days on Market13
Property Features for 52702 Hwy 97
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
Village Properties
Listed By:
Mark G Halvorsen · License #780200997
(541) 593-1653
Source:
Portlandoregonhomelistings
Added: Aug 29
Changed: Sep 9
Last Checked: Sep 9 at 3:37PM
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 Village Properties
Investment Insights
Based on property information with market context.
This mixed-use property includes two lots offered together, with a 1,296-square-foot manufactured home constructed in 1990. The residence is currently occupied under a month-to-month rental arrangement for residential use. A second parcel at 52714 Highway 97 adds 0.29 acres to the offering.
The property is positioned along Highway 97 just north of La Pine in the Wickiup Junction area. Both parcels carry CMX zoning, a designation that accommodates residential and commercial uses. The primary address is 52702 Hwy 97, La Pine, OR 97739, and the additional lot is identified as Map 211036AB, Tax Lot 02101.
The property is positioned along Highway 97 just north of La Pine in the Wickiup Junction area. Both parcels carry CMX zoning, a designation that accommodates residential and commercial uses. The primary address is 52702 Hwy 97, La Pine, OR 97739, and the additional lot is identified as Map 211036AB, Tax Lot 02101.
Key Highlights
- Two lots offered together with addresses at 52702 and 52714 Highway 97
- CMX zoning allows residential and commercial uses
- 1,296‑square‑foot manufactured home built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
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
What type of property is this?
Mixed-use property - CMX zoning supports a combination of residential and commercial uses across two adjoining lots.
Where is this mixed-use property located?
The property is located at 52702 Hwy 97 La Pine, OR.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two lots offered together with addresses at 52702 and 52714 Highway 97; CMX zoning allows residential and commercial uses; 1,296‑square‑foot manufactured home built in 1990
