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AmeriTitle 405 N 1st St 1,724 SF Office Building Lakeview, OR 97630 $230,000 ($133.41/SF) 8.40% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Near central downtown Lakeview
  • Easy access to U.S. Route 395 and Oregon Route 140
  • Minutes to Lakeridge Golf Course
  • Parking available: street & off-street
  • Restaurants, cafes, lodging, and shopping nearby

EXECUTIVE SUMMARY

Investment Offering: 1724 SF Single Tenant Office Investment near dowtown Lakeview OR on 2416 SF Lot. AmeriTitle has operated in Oregon since 1985 and leased this building prior to and since 2012. Current lease term 2.1.2025 to 1.31.2028 with (2) 3 year option to renew. NNN lease: Tenant pays all taxes, insurance, utilities,site and interior/exterior maintenance, and other charges including replacement of the roof (performed in 2023). Annual rent: $19,210.20 + 2% annual increases.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Building Size
1,724 SF
Building Class
C
Year Built
1972
Price
$230,000
Price Per SF
$133.41
Cap Rate
8.40%
NOI
$19,320
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,724 SF
Building FAR
0.66
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
5 Spaces (2.9 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Reception
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Real Estate
  • 1,724 SF
  • $11.14
  • Triple Net
  • Jan 2028

Headquartered in beautiful Bend, Oregon, AmeriTitle began as a single office in Klamath Falls, Oregon in 1985. Today, AmeriTitle has 42 offices in 3 states: Idaho, Oregon and Washington. In 2012, AmeriTitle proudly joined the Futura Corporation family of companies. Real estate professionals throughout the Pacific Northwest have recognized AmeriTitle as a trusted resource for all aspects of title and escrow services, from the simplest to the most complex transactions. While much about AmeriTitle has changed since their beginning, one essential element has endured the test of time—their service ethic. As simple as it may sound, providing superior service with respect for their customers and employees has been integral to their success. They honor it daily in principle and practice.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Real Estate 1,724 SF $11.14 Triple Net Jan 2028

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14182
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$92,920
  • Listing ID: 37638004

  • Date on Market: 9/11/2025

  • Last Updated:

  • Address: 405 N 1st St, Lakeview, OR 97630

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