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Layton Court Industrial Condo Complex

SW Layton Ct Prineville, OR 97754

SW Layton Ct, Prineville, OR, 97754
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Modern industrial condo complex near highways and airport in Prineville.

Property Size4,173 SF
Lot Size1.69 Acres
Price / SF$235
AddedNov 1, 2024
Days on Market622
Last RefreshJul 14 at 11:08 am

Property Features for SW Layton Ct

General Information

Standard status
Active
Size
4,173 SF
Lot size
1.69 Acres
Property subtype
Industrial

Listing office Fratzke Commercial Real Estate

Listing date Nov 1, 2024

Source Crexi

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 Fratzke Commercial Real Estate


Investment Insights

Based on property information with market context.

Layton Court Industrial Condominium Complex is located in Prineville, Oregon's Tom McCall Business Park, near major highways, the airport, and surrounding businesses. The complex offers a solution for a growing business. Layton Court features three buildings with nine condo units for sale. Each unit includes an efficient floorplan with office space and a flexible warehouse. Unit sizes range from 1,293 to 3,053 square feet, with options to combine units. The complex totals approximately 27,603 square feet on 1.69 acres of M-1 (Light Industrial) zoned land. Tom McCall Business Park is adjacent to tech companies like Facebook and Apple and offers infrastructure, city services, and natural gas. The park is home to BTL Liners, Rickabaugh Construction, Lakeside Lumber, Acme Construction Supply, and High Desert Golf Carts. The location provides access to transportation hubs. The flexibility to combine units allows Layton Court Industrial Condominium Complex to meet unique needs. The property is suitable for start-ups, established companies, and investors.

Key Highlights

  • Prime location in Tom McCall Business Park near major highways, the airport, Facebook, and Apple.
  • Brand new industrial condominium complex with flexible warehouse and office space.
  • M‑1 (Light Industrial) zoning allows for a variety of business operations.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $90.1k $21.60
− Vacancy −$2.7k −$0.65
EGI $87.4k $20.95
− OpEx −$30.6k −$7.33
NOI $56.8k $13.62
4,173 SF · lease $21.60/SF/yr · vacancy 3.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$811.9K
$710.4K – $947.2K (±1% cap)
NOI $56,831 @ 7.0% cap · market cap 5.80%
Second Best
Warehouse
$668.5K
$584.9K – $779.9K (±1% cap)
NOI $46,795 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M (±1% cap)
NOI $126,192 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

FAQs

What type of property is this?
Flex space - Modern industrial condo complex near highways and airport in Prineville.
Where is this flex space located?
The property is located at SW Layton Ct Prineville, OR.
What is the asking price?
The asking price for this property is $980,655.
What are key features of this property?
This property features: Prime location in Tom McCall Business Park near major highways, the airport, Facebook, and Apple.; Brand new industrial condominium complex with flexible warehouse and office space.; M‑1 (Light Industrial) zoning allows for a variety of business operations.
Contact an agent
(541) 306-4948 Call to check price and availability
More about this property
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