Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1551 -1593 Barn St Woodburn, OR 97071

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 1551 -1593 Barn St, Woodburn, OR
    For Sale
    $375,000

    LAND - Woodburn, OR

    Added:
    Nov 26, 2024
    Days on Market:
    522
    Last Refresh:
    May 2 at 11:06 pm

    Property Features for 1551 -1593 Barn St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS
    Standard status
    Active
    APN
    Not Found

    Taxes and HOA fees

    Tax Annual Amount
    388

    We can help!

    Listing Contact
    Robin Bonnie

    Listing agent Robin Bonnie

    Listing office HomeSmart Realty Group 3240 Commercial St SE Ste 100, Salem, OR

    Listing date Nov 26, 2024

    MLS# 24132735 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Triplex Lot Available

    This is an approved triplex lot, presenting a rare opportunity to own income-producing property. Located in a new multifamily subdivision on the outskirts of Woodburn, Oregon, the lot is approximately a 5-minute drive to I-5. The property is part of an 11-lot subdivision, with all lots sold separately. There are 9 duplex-approved lots available, two of which are approved for ADUs, and 2 triplex-approved lots. Approved building designs for a duplex on these lots are also available for purchase. Street improvements have been made, and utilities are available at the street. There are no HOA's. A builder's package may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Dental Office Spa & Massage Center Hair Salon Restaurant Nail Salon Gym & Fitness Center Accounting Firm Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodburn
    County
    Marion
    State
    Oregon
    Longitude
    -122.826321
    Latitude
    45.148086

    Nearby Similar for Sale

    • $599,000

      Woodburn Development Land Opportunity

      2.32 acres of flat, usable land for residential development.
      1661 E LINCOLN Rd, Woodburn, OR 97071
      View Details
    • $1,650,000

      Six-Unit Multifamily Investment Opportunity

      Six-unit multifamily property with long-term tenants in Woodburn, Oregon.
      1591 JAMES St, Woodburn, OR 97071
      View Details
    • $449,900
      4,532 SF

      Versatile Commercial Property Near Highway

      0.92 acre commercial property with flexible zoning and highway access.
      995 Belle Passi, Woodburn, OR 97071
      View Details
    • $579,000
      2,059 SF

      Commercial Property with Development Potential

      Large commercially zoned property near mall with multiple development options.
      1740 HARDCASTLE, Woodburn, OR 97071
      View Details
    • $8,160,000
      13,850 SF

      Woodburn Retail Investment Opportunity

      100% leased retail property near Woodburn Premium Outlets.
      105 North Arney Road, Woodburn, OR 97071
      View Details
    • $4,900,000
      13,848 SF

      Historic Downtown Woodburn Redevelopment Opportunity

      Historic 13,000+ SF building, fully remodeled, downtown Woodburn location.
      550 N 1ST, Woodburn, OR 97071
      View Details
    • $1,199,000

      New Triplex Investment Opportunity

      New triplex in Woodburn with territorial views and modern amenities.
      1554 1588 Barn St, Woodburn, OR 97071
      View Details
    • $1,199,000
      4,290 SF

      New Triplex Investment Opportunity

      New triplex with territorial views, close to I-5.
      1554-1570-1588 Barn St, Woodburn, OR 97071
      View Details
    • $1,399,999

      Woodburn Residential Development Land

      11.62 acres for residential development within Woodburn city limits.
      9008 NE Parr Rd, Woodburn, OR 97071
      View Details
    • $839,000
      3,200 SF

      New Duplex with Territory Views

      New construction duplex with 3 beds, 2.5 baths, and garage.
      1493-1499 Barn Ct, Woodburn, OR 97071
      View Details
    • Contact for pricing

      Industrial Building with Rail Access

      28,500 SF industrial building near Highway 99.
      1660 Silverton Road, Woodburn, OR 97071
      View Details
    • $5,200,000

      Land Inside Woodburn UGB

      Land with infrastructure benefits near residential, retail, and industrial areas.
      1505 Boones Ferry Rd NE, Woodburn, OR
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare opportunity for income-producing property near I-5 in Woodburn.
    Where is this residential land & home lot located?
    The property is located at 1551 -1593 Barn St Woodburn, OR.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Approved triplex lot: Rare opportunity for income‑producing property.; Located in a new multifamily subdivision.; Utilities available at the street.
    (503) 522-6095
    We can help!
    Listing Contact
    Robin Bonnie
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1551 -1593 Barn St, Woodburn, OR 97071

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!