Layton Court Industrial Condo
SW Layton Ct Prineville, OR 97754
SW Layton Ct, Prineville, OR, 97754
Contact for pricing
For Sale
Contact for pricing
Modern industrial condo complex near highways and airport in Prineville, Oregon.
Property Size3,191 SF
Lot Size1.69 Acres
Price / SF$235
Days on Market628
Property Features for SW Layton Ct
General Information
- Standard status
- Active
- Size
- 3,191 SF
- Lot size
- 1.69 Acres
- Property subtype
- Industrial
Listing agency
Fratzke Commercial Real Estate
(541) 306-4948
Listed by
Brian Fratzke · License #OR 200402169
Source
Crexi
Added: Nov 1, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 21 at 10:22AM
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 growing businesses. The complex consists of three buildings with nine condo units for sale. Each unit features an efficient floorplan with office space and flexible warehouse space. Unit sizes range from 1,293 to 3,053 square feet, with options available to fit specific needs. 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 and offers infrastructure, city services, and natural gas. The park is home to various businesses. The location provides access to transportation hubs. The complex is suitable for start-ups, established companies, and investors, with the flexibility to combine units.
Key Highlights
- Located in the Tom McCall Business Park, adjacent to tech giants Facebook and Apple.
- Brand new industrial condominium complex with flexible warehouse and office space.
- Units range from 1,293 to 3,053 RSF, with options to combine units for larger spaces.
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 | $68.9k | $21.60 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $66.9k | $20.95 |
| − OpEx | −$23.4k | −$7.33 |
| NOI | $43.5k | $13.62 |
3,191 SF · lease $21.60/SF/yr · vacancy 3.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 5.80%
Second Best
Warehouse
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,496 @ 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
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Modern industrial condo complex near highways and airport in Prineville, Oregon.
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 $749,885.
What are key features of this property?
This property features: Located in the Tom McCall Business Park, adjacent to tech giants Facebook and Apple.; Brand new industrial condominium complex with flexible warehouse and office space.; Units range from 1,293 to 3,053 RSF, with options to combine units for larger spaces.
