Layton Court Industrial Condo
SW Layton Ct, Prineville, OR 97754
For Sale
Contact for pricing
Modern industrial condo complex near highways and airport in Prineville.
Property Size2,573 SF
Lot Size1.69 Acres
Price / SF$250
Days on Market740
Property Features for SW Layton Ct
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Building Details
Buildings
Listing Agency:
Fratzke Commercial Real Estate
Listed By:
Brian Fratzke · License OR #200402169
(541) 480-2526
Source:
Crexi
Added: Nov 1, 2024
Changed: Nov 2
Last Checked: Nov 8 at 6:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Layton Court Industrial Condominium Complex, situated in Prineville, Oregon's Tom McCall Business Park, offers a modern solution for businesses. The complex is located near major highways, the airport, and surrounding businesses. It comprises three buildings with nine condominium units available 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 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 provides modern 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. Layton Court Industrial Condominium Complex offers access to key transportation hubs. The flexibility to combine units allows the complex to meet various business needs. It is suitable for start-ups, established companies, and investors.
Key Highlights
- Located in the Tom McCall Business Park, adjacent to tech companies like Facebook and Apple.
- Modern industrial condo units ranging from 1,293/RSF to 3,053/RSF with options to combine units.
- New construction: Layton Court Industrial Condominium Complex totaling 27,603 +/- SF on 1.69 AC.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,041
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,820
$700.8K
Cap Rate 7%
$500,586
$500.6K
Cap Rate 9%
$389,344
$389.3K
Market Conditions
NOI Build-Up for 2,573 SF
Gross rent
$55.6K $21.60/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$53.9K $20.95/SF
− OpEx
−$18.9K −$7.33/SF
NOI
$35.0K $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%
$700,820
Cap Rate 7%
$500,586
Cap Rate 9%
$389,344
Alternative Uses
Best Use
Flex RnD
$500.6K
$438.0K – $584.0K
NOI $35,041 @ 7.0% cap · market cap 5.45%
Second Best
Warehouse
$412.2K
$360.7K – $480.9K
NOI $28,853 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.11M
$972.6K – $1.30M
NOI $77,808 @ 7.0% cap · market cap 12.10%
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
Properties on Market for Flex space in Prineville
Vacancy Rate% for Industrial in West region
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 $643,250.
What are key features of this property?
This property features: Located in the Tom McCall Business Park, adjacent to tech companies like Facebook and Apple.; Modern industrial condo units ranging from 1,293/RSF to 3,053/RSF with options to combine units.; New construction: Layton Court Industrial Condominium Complex totaling 27,603 +/- SF on 1.69 AC.
