Bluewood Plaza 16493 Bluewood Pl 7,300 SF 100% Leased Office Building La Pine, OR 97739 $1,600,000 ($219.18/SF) 7% Cap Rate

Bluewood Plaza offers a rare acquisition opportunity in the fast-growing community of La Pine, Oregon. This recently renovated property spans 7,300 square feet and is fully leased, providing stable immediate income for investors. The single-story building sits on a 0.79-acre parcel and features updated systems and finishes, ensuring minimal near-term capital requirements.
The property’s tenant roster is anchored by the Oregon Department of Human Services, delivering strong credit quality and long-term lease stability. Additional tenancy provides diversification and consistent occupancy, contributing to the superior reliability of income streams.
Located along Bluewood Place and positioned near major arterials, this asset benefits from excellent visibility and accessibility within La Pine’s expanding commercial corridor. The surrounding area hosts a balanced mix of local retailers, national brands, schools, and services, further supporting traffic and long-term viability.
Priced at $1,600,000 and producing a current NOI of approximately $112,896, Bluewood Plaza represents an attractive investment offering a 7.06% capitalization rate with upside through scheduled rent growth and expense efficiencies. The property serves as a secure income generator in a region experiencing steady economic and population growth, making it an appealing fit for long-term hold investors seeking predictable returns and durable performance.