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 Market117
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) 420-2282
Source:
Portlandoregonhomelistings
Added: Jul 8
Changed: Oct 31
Last Checked: Nov 1 at 5:52AM
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
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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 / 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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Location Intelligence
Trade Area within ½ mile
59
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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
