Building Details

Building Size 1,092 SF

Year Built 1940

Stories 1

Units 1

Listing Agency: Coldwell Banker Sun Country l***@landranchhomes.com Show Phone

Listed By: Amanda Rae Norris · License #201226516 Show Phone

Source: Desertskyrealestate

Added: Jun 1 Changed: Oct 23 Last Checked: Oct 23 at 6:00PM

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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

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Investment Insights

Based on property information with market context.

This 1,092-square-foot live-work property was built in 1940 and has been remodeled with updated interior finishes. Its creekside setting and Deschutes TEC zoning are defining features, with the space described as suitable for residential occupancy or professional use.

The property occupies nearly half an acre at 847 C Avenue in Terrebonne, behind Oliver Lemon's and within the Terrebonne Commercial District.

Key Highlights

• 1,092‑square‑foot live‑work property
• Nearly 1/2 acre in Terrebonne
• Zoned Deschutes TEC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,682

Cap Rate

3.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$313,640 $313.6K

Cap Rate 7%

$224,029 $224.0K

Cap Rate 9%

$174,244 $174.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,092 SF

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 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 (±1% cap)

NOI $15,682 @ 7.0% cap · market cap 3.41%

Second Best

Mixed Use

$220.0K

$192.5K – $256.6K (±1% cap)

NOI $15,397 @ 7.0% cap · market cap 3.35%

Theoretical Best

Specialty Retail

$471.7K

$412.8K – $550.4K (±1% cap)

NOI $33,022 @ 7.0% cap · market cap 7.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Commercial zoning and a remodeled interior support residential occupancy or professional use.

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: 1,092‑square‑foot live‑work property; Nearly 1/2 acre in Terrebonne; Zoned Deschutes TEC