Pendleton, OR
Commercial Real Estate Market Trends & Data

$200 Avg asking sale price
$993,724 Avg asking lease rate
728,082 SF Avg unit lease size
13,536 SF Avg building size for sale
6.26% Average cap rate

Pendleton's Demographic Profile

Pendleton has 6,929 households and a median income of $58,409, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 17,906
# Households 6,929
Median age 40
Median household income $58,409
Avg household size 2.0
Renter-occupied housing units 3,097
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Pendleton, OR

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hermiston $412 8,740 SF 8.81%
Kennewick $318 11,949 SF 8.25%
Richland $194 12,382 SF 8.25%
Pasco $314 12,557 SF 8.25%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Pendleton $135 11,972 SF 6.01%
Hermiston $250 7,761 SF 8.81%
La Grande $529 5,200 SF 7.60%
Kennewick $187 135,901 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Pendleton $297 13,806 SF
Hermiston $847 4,140 SF
Umatilla $375 6,598 SF
College Place $1,326 792 SF
La Grande $187 27,618 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Umatilla $190 4,600 SF 5.28%
College Place $179 5,564 SF 7.39%
Pasco $206 7,154 SF 6.92%

Commercial Properties For Sale in Pendleton

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Motel 6 Pendleton, OR

Pendleton, OR 97801

  • 25,230 SF Hospitality
  • $4,500,000
For Sale

1150 Airport Road rd

Pendleton, OR 97801

  • 2.80 AC Lot
  • 1 Commercial Lot
  • $355,000
For Sale

1745 SW 24th St

Pendleton, OR 97801

  • 6,356 SF Specialty
  • 7.51% Cap Rate
  • $1,100,000
For Sale

SE Kirk Ave

Pendleton, OR 97801

  • 26.10 AC Lot
  • 1 Commercial Lot
  • $2,975,369
For Sale

SE Kirk Ave

Pendleton, OR 97801

  • 13.06 AC Lot
  • 1 Commercial Lot
  • $1,390,000
For Sale

Kirk Ave

Pendleton, OR 97801

  • 11.56 AC Lot
  • 1 Commercial Lot
  • $1,319,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Pendleton pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Pendleton $200 13,536 SF
Echo $450 2,200 SF
Hermiston $500 5,990 SF

Regional Demographic Comparison

This comparison places Pendleton alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Pendleton or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Pendleton 17,906 6,929 40 $58,409 2 3,097 2%
Echo 474 191 43 $51,190 3 55 -5%
Weston 381 155 48 $57,499 2 30 -6%
Stanfield 1,846 669 38 $55,796 3 215 -4%
Hermiston 19,412 6,672 34 $60,628 3 2,952 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pendleton, OR and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Pendleton

View All Commercial Real Estate For Sale in Pendleton
Is Pendleton a good market for a first-time commercial real estate investor?

Pendleton offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Pendleton?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pendleton. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Pendleton?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Pendleton. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Pendleton compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pendleton. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Pendleton acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pendleton, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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