Layton Court Industrial Condo
For Sale
Contact for pricing
SW Layton Ct, Prineville, OR 97754
Modern industrial condo complex near highways and airport in Prineville.
Property Size4,173 SF
Lot Size1.69 Acres
Price / SF$235
Days on Market713
Property Features for SW Layton Ct
General Information
Standard status
Active
Size
4,173 SF
Total Parking Spaces
28
Lot size
1.69 Acres
Property subtype
Industrial
Zoning
M-1 Light industrial
Building Details
Buildings
3
Listing Agency:
Fratzke Commercial Real Estate
Listed By:
Brian Fratzke · License #OR 200402169
(541) 306-4948
Source:
Crexi
Added: Nov 1, 2024
Changed: Oct 9
Last Checked: Oct 12 at 7:43PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,831
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,620
$1.1M
Cap Rate 7%
$811,871
$811.9K
Cap Rate 9%
$631,456
$631.5K
Market Conditions
NOI Build-Up for 4,173 SF
Gross rent
$90.1K $21.60/SF
− Vacancy
−$2.7K −$0.65/SF
EGI
$87.4K $20.95/SF
− OpEx
−$30.6K −$7.33/SF
NOI
$56.8K $13.62/SF
Area
Crook County, OR
Vacancy
3.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,620
Cap Rate 7%
$811,871
Cap Rate 9%
$631,456
Alternative Uses
Best Use
Flex RnD
$811.9K
$710.4K – $947.2K
NOI $56,831 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$550.5K
$481.7K – $642.3K
NOI $38,537 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,192 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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 - 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.
