Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1565 NE 3Rd St Prineville, OR 97754
    Back to Search
    Property profile & analytics

    1565 NE 3Rd St Prineville, OR 97754

    View on Map
    • Commercial real estate
    • 4,800 SF
    • 0.46 lot acres
    For Sale
    $1,155,000
    View Listing →
    Net-Leased Retail in Prineville For Sale
    $1,155,000
    4,800 SF

    Net-Leased Retail in Prineville

    Two-tenant retail building in established shopping center.

    1565 NE Third St, Prineville, OR 97754
    View Listing
    Property ID
    US71-1049325
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UScellular / Mobile Phone Store / Electronics & Wireless Store
    • Verizon / Mobile Phone Store / Electronics & Wireless Store
    • Verizon Business Services / Telecommunications Service / Data Center

    Property Details for 1565 NE 3Rd St

    Year built
    2003
    Lot size
    0.46 lot acres
    Property size
    4,800 SF
    Zone code
    C2; GENERAL COMMERCIAL
    Property type
    Commercial real estate
    APN
    151605AA01400
    APU
    151605AA01400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,040,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,338,000
      Market price range: $611k - $1.34M
      AI Estimate
      $1,338,000
      Market price range: $611k - $1.34M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.827
    Latitude
    44.3033
    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
    $10,620
    $0.00
    $0.00
    $662,110
    -
    $160,590
    $1,036,490
    $1,197,080

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      Combs Flat Rd

      Land • 0.92 Acres
      0 Combs Flat Rd, Prineville, OR 97754
      View Details
    • Value Estimation by Request
      0.22 Acres

      189 Harwood St

      COMMERCIAL (GENERAL) • 0.22 Acres
      189 Harwood St, Prineville, OR 97754-1458
      View Details
    • Value Estimation by Request
      0.26 Acres

      405 3rd St Sta, Unit A

      COMMERCIAL (GENERAL) • 0.26 Acres
      405 3rd St Sta, Prineville, OR 97754-1713
      View Details
    • Value Estimation by Request
      2.37 Acres

      1255 3rd St

      COMMERCIAL (GENERAL) • 2.37 Acres
      1255 3rd St, Prineville, OR 97754-2901
      View Details
    • Value Estimation by Request
      1.11 Acres

      1311 Lamonta Rd

      COMMERCIAL (GENERAL) • 1.11 Acres
      1311 Lamonta Rd, Prineville, OR 97754
      View Details
    • Value Estimation by Request
      0.10 Acres

      617 Main St

      COMMERCIAL (GENERAL) • 0.10 Acres
      617 Main St, Prineville, OR 97754
      View Details

    Similar Nearby for Sale

    • $325,000
      2.16 Acres

      Prineville Industrial Land Parcel

      2.16-acre lot, prime location, $325k
      0 Layton Ct, Prineville, OR 97754
      View Details
    • Contact for pricing

      Expansive Ranch with Year-Round Water

      4,457-acre ranch featuring year-round water, grazing land, and wildlife.
      25405 SE Bear Creek Rd, Prineville, OR 97754
      View Details
    • $105,900
      5.00 Acres

      5 Acres in Gated Community

      Wooded 5-acre lot ready for custom home in Prineville.
      10897 SE Galveston Loop, Prineville, OR 97754
      View Details
    • $114,900
      2.00 Acres

      Land in Gated Community

      Two-acre lot with shared well, septic feasibility, and power.
      13092 SE Ethan Loop, Prineville, OR 97754
      View Details
    • $239,000
      1.75 Acres

      Land with Shop and Utilities

      1.75 acres with shop, well, septic, and RV hookups.
      3444 SE Umatilla Loop, Prineville, OR 97754
      View Details
    • $2,550,000

      Central Oregon Multifamily Investment Opportunity

      Multifamily investment opportunity in Central Oregon with upside potential.
      1000 NE 3Rd St, Prineville, OR 97754
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      9,148 SF

      Prineville Office Space Available

      Office space for rent in Prineville, Oregon.
      267 NE 2Nd St, Prineville, OR 97754
      View Details
    • $1.75 SF/Yr

      Renovated Taphouse in Downtown Prineville

      Renovated 6,720 SF taphouse in downtown Prineville.
      420 N Main St, Prineville, OR 97754
      View Details
    • $0.95 SF/Yr
      2,619 SF

      Retail Space in Prineville, Oregon

      Retail space available for lease in Prineville, Oregon.
      405 NW 3Rd St, Prineville, OR 97754
      View Details
    • $1.00 SF/Yr
      Pending

      Downtown Prineville Commercial Space

      Versatile commercial space in downtown Prineville with high visibility.
      236 N Main St, Prineville, OR 97754
      View Details
    • Contact for pricing

      High-Traffic Retail Center Space

      Retail space in established shopping center with grocery anchor.
      1595 NE 3Rd St, Prineville, OR 97754
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1565 NE 3Rd St
    Prineville, OR 97754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1565 NE 3Rd St, Prineville, OR, 97754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!