Industrial Flex Building with Roll-Up
For Sale
$650,000
937 NW Beaver Street, Prineville, OR 97754
4,400 sq. ft. block building with multiple roll-up doors, office space, cranes, and yard with ample parking.
Property Size4,400 SF
Lot Size0.50 Acres
Price / SF$147.73
Days on Market320
Property Features for 937 NW Beaver Street
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
C2; General Commercial
Additional Details
Business Included
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$4,643
Building Details
Building Size
4,400 SF
Year Built
1968
Stories
1
Units
1
Listing Agency:
Cascade Hasson SIR
(541) 771-6251
Listed By:
Rachel D Rhoden · License #200809111
(541) 771-6251
Source:
Allprofessionalsre
Added: Oct 9, 2025
Changed: Aug 24
Last Checked: Aug 23 at 4:42AM
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 Cascade Hasson SIR
Investment Insights
Based on property information with market context.
This turn-key industrial flex building is a 4,400 sq. ft. block structure with a durable metal roof, multiple roll-up doors, and office spaces. An upstairs parts room supports shop and fabrication workflows, while the site is equipped with 3-phase power, gas heat, and three overhead cranes. A large storage yard with ample parking provides outdoor capacity, and an adjacent lot is included for added flexibility.
Located at 937 NW Beaver St in Prineville, the property is positioned in a high-traffic area and is described as having excellent visibility and easy access. The building’s prior uses include a mechanic’s shop, car lot, and fabrication/manufacturing space, making it adaptable for a range of commercial operations that need a functional shop setting and outdoor storage.
Located at 937 NW Beaver St in Prineville, the property is positioned in a high-traffic area and is described as having excellent visibility and easy access. The building’s prior uses include a mechanic’s shop, car lot, and fabrication/manufacturing space, making it adaptable for a range of commercial operations that need a functional shop setting and outdoor storage.
Key Highlights
- Nearly 1/2‑acre commercial site with a 4,400 SF block building and durable metal roof
- Multiple roll‑up doors and office spaces, plus an upstairs parts room
- Equipped with 3‑phase power and gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,633
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,660
$812.7K
Cap Rate 7%
$580,471
$580.5K
Cap Rate 9%
$451,478
$451.5K
Market Conditions
NOI Build-Up for 4,400 SF
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.
Gross rent
$59.7K $13.56/SF
− Vacancy
−$1.6K −$0.37/SF
EGI
$58.0K $13.19/SF
− OpEx
−$17.4K −$3.96/SF
NOI
$40.6K $9.23/SF
Area
Crook County, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,660
Cap Rate 7%
$580,471
Cap Rate 9%
$451,478
Alternative Uses
Best Use
Flex RnD
$856.0K
$749.0K – $998.7K
NOI $59,923 @ 7.0% cap · market cap 9.22%
Second Best
Industrial
$580.5K
$507.9K – $677.2K
NOI $40,633 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,056 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 4,400 sq. ft. block building with multiple roll-up doors, office space, cranes, and yard with ample parking.
Where is this flex space located?
The property is located at 937 NW Beaver Street Prineville, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Nearly 1/2‑acre commercial site with a 4,400 SF block building and durable metal roof; Multiple roll‑up doors and office spaces, plus an upstairs parts room; Equipped with 3‑phase power and gas heat
