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Property profile & analytics

229 Main St Prineville, OR 97754

  • Commercial real estate
  • 1,760 SF
  • 0.04 lot acres
Value Estimation
Last Sale
Sep 03, 2021
$395,000
Location Intelligence
Property ID
US71-1069537
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Dad's Place / Breakfast Restaurant / Lunch Restaurant

Property Details for 229 Main St

Year built
1912
Lot size
0.04 lot acres
Property size
1,760 SF
Zone code
C1; CENTRAL COMMERCIAL
Property type
Commercial real estate
APN
151606AA05100
APU
151606AA05100

Description

This exceptional 1,780 square foot commercial property, located at 229 N Main Street in the heart of Prineville, Oregon, presents a unique investment opportunity. Built in 1912, this iconic building boasts a rich history and has served as a thriving restaurant for over three decades. Known locally as "Dad's Place," the established business offers a proven track record and loyal customer base. The sale includes all existing kitchen equipment, ensuring a smooth transition for the new owner. The fully equipped kitchen is ready to continue producing the high-quality meals that have made this diner a local favorite for years. Beyond the main dining area, a recently added lottery room provides an additional revenue stream. The property sits on a 0.04-acre lot, offering ample space for outdoor seating or potential expansion. Priced at $569,995, this turn-key operation presents a rare chance to acquire a well-established business in a desirable downtown location. The property's history, combined with its current success and potential for future growth, makes it an attractive investment for both seasoned restaurateurs and new entrepreneurs. The opportunity to continue a beloved Prineville tradition or to create a new culinary experience within this historic building is readily available.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $455,000
  • CAP approach

    CAP return
    Estimation
    6%
    $485,000
    6.5%
    $420,000
    7%
    $435,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $490,000
    Geo Method
    $450,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $520,000
    Retail
    $525,000
    Mixed-Use
    $545,000
    Hospitality
    $480,000
    Educational
    $520,000
    Residential Income
    $520,000
    Energy
    $470,000
    Income-Based Land
    $450,000
    Food Service
    $420,000

Location Insight

  • Map
  • Local Demand
City
Prineville
County
Crook
State
Oregon
Longitude
-120.847
Latitude
44.3024
CBSA code
39260
CBSA name
PRINEVILLE, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,755
$0.00
$0.00
$109,430
-
$28,910
$223,150
$252,060
More about this property
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