Private Office Suite with Shared
682 NW 3rd St, Prineville, OR 97754
For Sale
Contact for pricing
148-square-foot office within a renovated professional building offering controlled entry, shared support areas, and on-site parking.
Property Size1,652 SF
Price / SF$0.45
Days on Market52
Property Features for 682 NW 3rd St
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Amenities
secure keypad entry
shared waiting areas
shared kitchen
handicap access
Building Details
Year Built
Listing Agency:
Bend Premier Real Estate LLC
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 7:45AM
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 Bend Premier Real Estate LLC
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Investment Insights
Based on property information with market context.
Suite C provides a 148-square-foot private office within a 1,652-square-foot professional building originally constructed in 1948 and subsequently renovated. The space includes secure keypad access, shared waiting areas, and a common kitchen, with handicap access serving the building. The configuration is suited to professional, healthcare, wellness, or service-based office use.
Located on Third Street in Prineville, the property offers visibility along the main street and parking behind the building for clients and visitors. Shared amenities provide practical support for an office user seeking a smaller private workspace in a professional setting.
Located on Third Street in Prineville, the property offers visibility along the main street and parking behind the building for clients and visitors. Shared amenities provide practical support for an office user seeking a smaller private workspace in a professional setting.
Key Highlights
- 148 SF private office in Suite C
- 1,652‑square‑foot professional building originally built in 1948
- Renovated building with secure keypad entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,724
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,480
$474.5K
Cap Rate 7%
$338,914
$338.9K
Cap Rate 9%
$263,600
$263.6K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$33.7K $20.40/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$31.6K $19.15/SF
− OpEx
−$7.9K −$4.79/SF
NOI
$23.7K $14.36/SF
Area
Crook County, OR
Vacancy
6.14%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,480
Cap Rate 7%
$338,914
Cap Rate 9%
$263,600
Alternative Uses
Best Use
Office B
$338.9K
$296.6K – $395.4K
NOI $23,724 @ 7.0% cap · market cap 3,163.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$713.7K
$624.5K – $832.6K
NOI $49,956 @ 7.0% cap · market cap 6,660.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - 148-square-foot office within a renovated professional building offering controlled entry, shared support areas, and on-site parking.
Where is this office unit located?
The property is located at 682 NW 3rd St Prineville, OR.
What are key features of this property?
This property features: 148 SF private office in Suite C; 1,652‑square‑foot professional building originally built in 1948; Renovated building with secure keypad entry
