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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18377 Ridge Rd Prineville, OR 97754

    • Commercial real estate
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1124690
    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

    • Commercial real estate

    Property Details for 18377 Ridge Rd

    Lot size
    0.53 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.53-acre property in Prineville, Oregon (97754), features a 1983 manufactured home with a full basement. The home boasts three bedrooms, two bathrooms, and a versatile craft room that could easily serve as a fourth bedroom. Interior highlights include beautiful hardwood and granite floors, custom kitchen cabinets, and a unique Swedish front door. A custom wood stove adds warmth and ambiance to the living area. Enjoy breathtaking, unobstructed views of the Prineville Reservoir from the expansive Trex deck, which wraps around the house and features safety glass railings. The main floor includes the primary bedroom. A two-car garage is included, along with all appliances, a golf cart, and a pool table. Short-term rentals are permitted, presenting a compelling investment opportunity. Located at 18377 Ridge Rd, this property is zoned PR- Park Reserve. The home's features and location combine to create a truly beautiful and desirable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.6995043
    Latitude
    44.136425

    Comparable in this City

    • $170,000
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      Prime Prineville Residential Land

      4.31 Acres, Gated Community, Ready to Build
      12229 Rowan Ct, Prineville, OR 97754
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    • $2,999,000
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      Lazy JW Ranch: Oregon Farm

      323± acres, stunning views, owner financing.
      7305 Hwy 126, Roberts, OR 97754
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    • $420,000
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      Versatile Office/Residential Property, Prineville

      Office space convertible to residential with ADU potential in Prineville.
      296 S Main St, Prineville, OR 97754
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    • New
      $1,500,000
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      Prineville Mobile Home Park Investment

      Income-producing mobile home park on 4.89 acres in Prineville, Oregon.
      1900 NW Madras Hwy, Prineville, OR 97754
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    • $424,900
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      Prineville Duplex: Investment Opportunity

      Newer duplex with open design, garages, and included appliances.
      937 NW Cains Rd, Prineville, OR 97754
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    • $620,000
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      Income-Producing Triplex with Garage/Shop

      Cash-flowing triplex with established tenants and bonus income opportunity.
      646 NE Court St, Prineville, OR 97754
      View Details

    Similar Nearby for Sale

    • $170,000
      4.31 Acres

      Prime Prineville Residential Land

      4.31 Acres, Gated Community, Ready to Build
      12229 Rowan Ct, Prineville, OR 97754
      View Details
    • $2,999,000
      323.00 Acres

      Lazy JW Ranch: Oregon Farm

      323± acres, stunning views, owner financing.
      7305 Hwy 126, Roberts, OR 97754
      View Details
    • New
      $1,500,000
      Pending

      Prineville Mobile Home Park Investment

      Income-producing mobile home park on 4.89 acres in Prineville, Oregon.
      1900 NW Madras Hwy, Prineville, OR 97754
      View Details
    • $420,000
      Pending

      Versatile Office/Residential Property, Prineville

      Office space convertible to residential with ADU potential in Prineville.
      296 S Main St, Prineville, OR 97754
      View Details
    • $424,900
      2,012 SF

      Prineville Duplex: Investment Opportunity

      Newer duplex with open design, garages, and included appliances.
      937 NW Cains Rd, Prineville, OR 97754
      View Details
    • $620,000
      0.20 Acres

      Income-Producing Triplex with Garage/Shop

      Cash-flowing triplex with established tenants and bonus income opportunity.
      646 NE Court St, Prineville, OR 97754
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,698 SF

      Prineville Industrial Warehouse For Sale

      5,698 SF Warehouse, 1.3 Acres
      985 Madras Hwy, Prineville, OR 97754
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    • $10 SF/Yr
      13,878 SF

      Prineville Warehouse: 13,878 SF

      Modern Prineville warehouse for lease.
      3525 Empire Dr, Prineville, OR 97754
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    • $1.25 SF/Yr
      22,651 SF

      Downtown Prineville Commercial Space

      Versatile commercial space in downtown Prineville with high visibility.
      236 N Main St, Prineville, OR 97754
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    • $1.04 SF/Yr
      11,498 SF

      Layton Court Industrial Condos

      Prineville, OR flex space for sale
      0 Layton Ct, Prineville, OR 97754
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    • $1.10 SF/Yr
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      Prineville Industrial Condo Units

      Modern Flex Space, Prineville, OR
      0 Layton Ct, Prineville, OR 97754
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    • $1.15 SF/Yr
      1,299 SF

      Retail Space in Prineville, Oregon

      Retail space available for rent in Prineville, Oregon.
      1555-1595 NE 3Rd St, Prineville, OR 97754
      View Details
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    18377 Ridge Rd
    Prineville, OR 97754
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    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
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