Prineville, OR
Commercial Real Estate Market Trends & Data

$273 Avg asking sale price
$11 Avg asking lease rate
12,844 SF Avg unit lease size
4,967 SF Avg building size for sale
6.69% Average cap rate

Prineville's Demographic Profile

Prineville has 4,713 households and a median income of $55,049, providing context for rent absorption and tenant demand across retail and multifamily assets. A +15% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 11,829
# Households 4,713
Median age 41
Median household income $55,049
Avg household size 2.0
Renter-occupied housing units 1,774
5-year population change +15%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Prineville $178 6,922 SF 6.50%
Redmond $318 6,879 SF 6.57%
Madras $188 3,992 SF 6.00%
Bend $404 9,631 SF 6.26%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Prineville $238 4,493 SF 6.50%
Redmond $246 14,093 SF 6.57%
Bend $295 13,345 SF 6.56%
Nearby Retail Markets Avg Cost/SF Typical Size
Prineville $215 3,880 SF
Redmond $358 9,728 SF
Madras $383 7,961 SF
Dayville $81 9,104 SF
Bend $591 15,950 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Prineville $1,125 2,400 SF 5.47%
Redmond $233 11,046 SF 7.00%
Bend $376 10,204 SF 6.04%

Commercial Properties For Sale in Prineville

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

121 NE 3rd St

Prineville, OR 97754

  • 5,800 SF Retail Building
  • 7.50% Cap Rate
  • $1,250,000
For Sale

Commercial Property in the Heart of Downtown

Prineville, OR 97754

  • 8,740 SF Retail Building
  • 6.50% Cap Rate
  • $1,628,000
For Sale

972 S Main St

Prineville, OR 97754

  • 1,080 SF Flex Building
  • $775,000
For Sale

11301 SE Juniper Canyon Rd

Prineville, OR 97754

  • 5 AC Lot
  • 1 Commercial Lot
  • $275,000
For Sale

Bonnieview Ranch

Prineville, OR 97754

  • 18,754 AC Lot
  • 1 Commercial Lot
  • $20,000,000
For Sale

Chukar Point Bldg

Prineville, OR 97754

  • 4,595 SF Office Building
  • $1,090,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Prineville $273 4,967 SF
Powell Butte $1,369 4,749 SF
Redmond $556 9,390 SF
Terrebonne $991 1,531 SF
Madras $572 12,483 SF

Regional Demographic Comparison

This comparison places Prineville 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 Prineville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Prineville 11,829 4,713 41 $55,049 2 1,774 15%
Powell Butte 4,168 1,750 57 $128,088 2 231 22%
Redmond 37,028 14,141 39 $72,490 3 5,173 11%
Terrebonne 1,206 469 50 $96,710 3 77 6%
Madras 8,149 2,890 36 $52,336 3 1,237 8%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Prineville, 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 Prineville

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

Prineville 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 Prineville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Prineville. 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 Prineville?

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

How does Prineville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Prineville. 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 Prineville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Prineville, 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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