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Property profile & analytics
FOR SALE
Commercial real estate

267 NE 2Nd St Prineville, OR 97754

0.42 ac lot Built 2005
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US71-1126139
No photos on file
For Sale
$1,090,000
267 NE 2Nd St, Prineville, OR 97754
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Property summary
AI-generated overview

Chukar Point, located at 267 NE 2nd Street in Prineville, Oregon, presents a compelling investment opportunity. This 4,595 square foot multi-tenant office building sits on a 0.21-acre lot in the heart of downtown Prineville. The building boasts quality construction and is meticulously maintained, ensuring a strong return on investment. Currently, the building enjoys 100% occupancy with eight tenants under lease agreements extending through the end of 2025, providing immediate and consistent cash flow. Convenient features include a passenger elevator for easy access to all floors, a comprehensive fire sprinkler system throughout the building for enhanced safety, and twelve dedicated on-site parking spaces. Ample street parking is also available directly in front of the building, ensuring convenient access for tenants and visitors. The property's prime downtown location offers excellent visibility and accessibility, making it an attractive destination for businesses and professionals. This is a rare opportunity to acquire a stable, fully leased commercial property in a thriving Oregon community. The asking price for this exceptional investment is $1,150,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Lot 0.42 ac (18,295 SF)
Zoning code C1; CENTRAL COMMERCIAL
APN 151605BB05500
UPID US71-1126139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Armstrong Surveying, Inc. Surveyor Land Surveying Office
  • Armstrong Surveying & Engnrng Land Surveyor Engineer
  • JUNI-ART Printing and Design (Bike/Boat/Book/etc) Store Printing Service
  • Juni-Art (Bike/Boat/Book/etc) Store Printing Service
  • Cascade Collective Investigations Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
David B Armstrong · 15 yrs held
David B Armstrong
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
C1; CENTRAL COMMERCIAL · Prineville, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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