Building Details

Year built 1940

Floors in Building 1

Number of units 1

Flooring type Vinyl

Building materials Brick, Frame

Roof type Asphalt

Listing Agency: Coldwell Banker Sun Country · Coldwell Banker Real Estate Show Phone

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

Added: Jun 1 Changed: Oct 2 Last Checked: Oct 10 at 11:06AM

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MLS# 220222506

Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property at 847 C Avenue includes 1,092 square feet on a 0.46-acre parcel within the Terrebonne Commercial District. The 1940 building has been updated with modern interior finishes, vinyl flooring, ductless heating and cooling, an asphalt roof, and brick and frame construction. Its layout is suited to a combination of professional and residential occupancy, subject to applicable commercial zoning requirements.

The property is positioned behind Oliver Lemon's and includes creek-side surroundings within the Terrebonne commercial area. Public water serves the building, while wastewater is handled by a septic tank. The parcel provides additional outdoor area alongside the existing structure.

Key Highlights

• 1,092‑square‑foot mixed‑use building on 0.46 acres
• Commercial‑zoned property in the Terrebonne Commercial District
• Updated interior with modern finishes and vinyl flooring

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

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.

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Updated commercial-zoned property with flexible interior space and creek-side positioning in Terrebonne.

Where is this mixed-use property 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 mixed‑use building on 0.46 acres; Commercial‑zoned property in the Terrebonne Commercial District; Updated interior with modern finishes and vinyl flooring