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    985 Madras Hwy Prineville, OR 97754

    Sponsored
    For Lease
    $10 SF/Yr ($5,128 /Mo)

    5,698 SF Warehouse, 1.3 Acres

    Lot size:
    5,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,698-square-foot industrial warehouse, situated on a spacious 1.3-acre lot in Prineville, Oregon, presents a compelling investment opportunity. Ideally located on NW Madras Highway, this single-tenant property boasts a versatile layout perfectly suited for a variety of uses. Currently configured as an auto/truck repair shop, the building features three convenient roll-up doors of varying sizes: one measuring 14 feet high by 20 feet wide, another 14 feet high by 12 feet wide, and a third at 10 feet high by 8 feet wide. The existing setup includes vehicle lifts, enhancing its suitability for automotive-related businesses. Beyond the main workshop area, the property includes well-appointed interior office spaces, providing a professional environment for administrative tasks. A substantial back storage room offers ample space for parts, inventory, or other materials. The property also benefits from a generous outdoor area providing ample parking for vehicles and equipment. This property is located in Crook County, Oregon, with the address being 985 NW Madras Hwy, Prineville, OR 97754. The property's convenient location and functional design make it an attractive option for businesses seeking a well-equipped and strategically positioned industrial space. This is a single-suite building.

    Property Features for 985 Madras Hwy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,698 SF
    Total Rate
    5128.2

    Unit(s) available at that property

    Space
    Size
    5,698 SF
    Rate per SF
    $10
    Property Profile Location Intelligence

    Current Use by Public Records

    Bear Auto Repair ... Auto Repair Shop Westside Storage LLC Storage Facility P Squared Car Detailing Service

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.8666875
    Latitude
    44.3091121

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    FAQs

    What type of property is this?
    Distribution property - 5,698 SF Warehouse, 1.3 Acres
    Where is this distribution property located?
    The property is located at 985 Madras Hwy Prineville, OR.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    Request Owner's contact information
    985 Madras Hwy Prineville, OR 97754
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    985 Madras Hwy Prineville, OR 97754
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