Property profile

0 Main St Prineville, OR 97754

OFF-MARKET
Office Spaces
7,152 SF 0.2 ac lot Built 1962
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Property summary

AI-generated overview

This fully occupied, single-story office building in downtown Prineville, Oregon presents a compelling investment opportunity. Located on Main Street, 97754, this 7,152 square foot property sits on a 0.2-acre lot and is zoned C1. Built in 1962, the building currently houses eight tenants, enjoying 100% occupancy, generating a substantial net operating income (NOI) of $60,300, representing a 7.09% capitalization rate. The asking price is $850,000, translating to $118.85 per square foot. Its prime location in a high-traffic area ensures excellent visibility and accessibility for tenants and customers, further enhanced by the availability of ample public and street parking. The property's strong tenant base provides consistent rental income and the benefit of long-term leases. This presents a stable investment with the added potential of attractive tax incentives. This is a rare opportunity to acquire a fully occupied commercial property in a thriving downtown area.

Property profile

Verified
Property type Office Spaces
Year built 1962
Total area 7,152 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Prineville, OR 97754
Prineville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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