Remodeled Live-Work
For Sale
$460,000
847 C Avenue, Terrebonne, OR 97760
Commercial zoning and updated finishes support residential occupancy, professional use, or a small business setting.
Property Size1,092 SF
Days on Market91
Property Features for 847 C Avenue
General Information
Standard status
Active
Size
1,092 SF
Property subtype
Commercial
Zoning
Deschutes TEC
Additional Details
Land Use
commercial, residential
Taxes and HOA fees
Annual Taxes
$1,983
Building Details
Building Size
1,092 SF
Year Built
1940
Stories
1
Units
1
Listing Agency:
Coldwell Banker Sun Country
(541) 460-0121
Listed By:
Amanda Rae Norris · License #201226516
(541) 460-0121
Source:
Allprofessionalsre
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 29 at 8:08PM
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 Coldwell Banker Sun Country
Investment Insights
Based on property information with market context.
This live-work property at 847 C Avenue combines a remodeled interior with modern finishes and a flexible commercial setting. Built in 1940, the building is positioned for residential occupancy, professional use, or a small business operation, as described for the property. Zoning is Deschutes TEC.
The nearly 1/2-acre parcel is creek-side and located behind Oliver Lemon's in Terrebonne's commercial district. Its placement provides visibility, foot traffic, and convenient access for clients or tenants. The site also offers practical room for additional improvements or business-related needs.
The nearly 1/2-acre parcel is creek-side and located behind Oliver Lemon's in Terrebonne's commercial district. Its placement provides visibility, foot traffic, and convenient access for clients or tenants. The site also offers practical room for additional improvements or business-related needs.
Key Highlights
- Deschutes TEC commercial zoning
- Nearly 1/2‑acre creek‑side property
- Remodeled interior with modern finishes
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
$15,682
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
3.41%
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%
$313,640
$313.6K
Cap Rate 7%
$224,029
$224.0K
Cap Rate 9%
$174,244
$174.2K
Market Conditions
NOI Build-Up for 1,092 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
$22.3K $20.40/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$20.9K $19.15/SF
− OpEx
−$5.2K −$4.79/SF
NOI
$15.7K $14.36/SF
Area
Jefferson 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 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%
$313,640
Cap Rate 7%
$224,029
Cap Rate 9%
$174,244
Alternative Uses
Best Use
Office B
$224.0K
$196.0K – $261.4K
NOI $15,682 @ 7.0% cap · market cap 3.41%
Second Best
Mixed Use
$220.0K
$192.5K – $256.6K
NOI $15,397 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$471.7K
$412.8K – $550.4K
NOI $33,022 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 97760, OR
8,071
Population
3,701
Households
2.2
Avg Household Size
55
Median Age
28%
College-Educated
94%
High-School Grad
91.2 sq mi
ZIP Area
88
Density / Sq Mi
$84,198
Median Household Income
$41,458
Median Earnings
$465,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Commercial zoning and updated finishes support residential occupancy, professional use, or a small business setting.
Where is this live-work space located?
The property is located at 847 C Avenue Terrebonne, OR.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Deschutes TEC commercial zoning; Nearly 1/2‑acre creek‑side property; Remodeled interior with modern finishes
