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    2205 Lon Smith Rd Prineville, OR 97754

    Sponsored
    For Sale
    $3,195,000

    Prime Prineville industrial land, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 70.16-acre industrial property in Prineville, Oregon, presents a significant investment opportunity. Located at 2205 & 2251 Lon Smith Road, this expansive parcel offers a unique blend of existing industrial zoning and potential for residential redevelopment. The property consists of four contiguous parcels, zoned M1 and M2, providing flexibility for various uses. A substantial portion (approximately 26 acres) is M1 zoned and situated conveniently alongside the railway with Lamonta Road frontage. The remaining M2 zoned land offers intriguing possibilities for residential redevelopment, given its current residential use. The M1 zoned land is available for sale separately, offering buyers tailored options. Utilities are readily available, including power, natural gas, city sewer, and water. Furthermore, the City of Prineville has committed to providing rail access, enhancing the property's logistical advantages. The property also boasts significant water rights, encompassing 63 or more acres of Ochoco Irrigation District water. This prime location in Crook County, Oregon (zip code 97754), offers unparalleled access to infrastructure and presents a compelling opportunity for both industrial development and potential residential expansion. The asking price for this substantial holding is $3,195,000.

    Property Features for 2205 Lon Smith Rd

    General Information

    Property type
    Land
    Lot Size
    3,056,170 SF

    HighLights

    • M‑1 and M‑2 industrially zoned land.
    • Located within the City of Prineville.
    • Four contiguous parcels totaling 63+/- acres.
    • Utilities available: power, natural gas, city sewer, and water.
    • City of Prineville commitment for rail access.
    • 63+/- acres with Ochoco Irrigation District water rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.8614752
    Latitude
    44.3196614

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    FAQs

    What type of property is this?
    Land - Prime Prineville industrial land, redevelopment potential.
    Where is this land located?
    The property is located at 2205 Lon Smith Rd Prineville, OR.
    What is the asking price?
    The asking price for this property is $3,195,000.
    What are key features of this property?
    This property features: M-1 and M-2 industrially zoned land.; Located within the City of Prineville.; Four contiguous parcels totaling 63+/- acres.
    Request Owner's contact information
    2205 Lon Smith Rd Prineville, OR 97754
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    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
    2205 Lon Smith Rd Prineville, OR 97754
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