Financial
Distress signals
Property profile

1565 NE 3Rd St Prineville, OR 97754

FOR LEASE
Other commercial real estate
Property ID
US71-1049325
4,800 SF 0.46 ac lot Built 2003
Last sale Apr 2025 · $1,155,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

1565 NE Third St is a two-tenant retail building within Ochoco Plaza in Prineville, Oregon. The property is configured as a net-leased retail asset and includes tenants that have historically been Verizon and US Cellular Authorized Retailers. The building is located along the primary thoroughfare and is part of a neighborhood retail center anchored by Rite Aid, Ray’s Food Place, and Ace Hardware. The site provides 12 on-site parking spaces, with additional shared common-area parking available on an open, unreserved basis.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$662k
Effective rate1.60%

Value estimate

· Sep 2026
$295k
$266k – $325k
CAP approach$1.04M
Submarket $/SF estimate$1.34M
NOI build-up
Gross scheduled income$173k
Vacancy & credit loss−$8k
Operating expenses−$50k
NOI · 550,657.14% cap applied$116k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$191/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$127 – $279

Cap rate analysis

How does the asset earn?
550,657.14%
$116k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2; GENERAL COMMERCIAL
JurisdictionCROOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.0
Building Supply14.0
Law Firm11.9

Location

1565 NE 3Rd St Prineville, OR 97754
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1851 3rd, Prineville, OR 97754-8106 $1,106,000 Jan 2026 4,306 SF
180 2nd, Prineville, OR 97754-1808 $1,049,000 May 2025 3,248 SF
715 3rd, Prineville, OR 97754-1430 $770,000 Jun 2024 5,164 SF
380 Main, Prineville, OR 97754-1854 $630,000 Jun 2024 3,330 SF
208 Elm, Prineville, OR 97754-1945 $475,000 Mar 2024 3,717 SF
420 Main, Prineville, OR 97754-1856 $800,000 Sep 2023 6,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message