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

    16861 SE TRISTIN Ave Happy Valley, OR 97086

    View on Map
    For Sale
    $350,000

    LAND - HappyValley, OR

    Lot size:
    1.77 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    204
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 16861 SE TRISTIN Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R5
    Standard status
    Active
    APN
    05002945
    Lot size
    1.77 Acres

    Taxes and HOA fees

    TaxDescription
    SUBDIVISION TUREL ESTATES LT 5 3632
    TaxAnnualAmount
    5223

    Utilities

    Water front features
    Creek

    We can help!

    Listing Contact
    Michelle Palmquist

    Listing agent Michelle Palmquist

    Listing office Redfin 1500 NE Irving Street, Suite 380, Portland, OR

    Listing date Sep 9, 2025

    MLS# 716251873

    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

    Happy Valley Acreage with Creek Views

    This secluded 1.77-acre lot is located in Happy Valley, Oregon. The land features a combination of sloped and flat areas, offering potential building sites with lovely creek views. A shared well is already in place. New access to the property will be through Southeast 169th Avenue. The property is zoned R5 and is suitable for residential land and home lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Happy Valley
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.489134
    Latitude
    45.430654

    Nearby Similar for Sale

    • $5,500,000

      Commercial Land Near Clackamas Center

      Prime commercial land near transit, amenities, and high-traffic intersection.
      9155 SE SUNNYSIDE Rd, HappyValley, OR 97015
      View Details
    • $349,999

      Happy Valley Homesite with Panoramic Views

      Premier 0.42-acre homesite in gated Altamont community.
      10421 SE QUAILRIDGE Dr, HappyValley, OR 97086
      View Details
    • $1,795,000

      Happy Valley Acreage with Development Potential

      Secluded 10.79-acre property with development or equestrian potential in Happy Valley.
      9460 SE JEANNE Rd unit: 7200, HappyValley, OR 97086
      View Details
    • $2,399,000

      Happy Valley Residential Land Parcel

      7.57-acre vacant land parcel in Happy Valley, Oregon.
      SE Hwy 212, HappyValley, OR 97089
      View Details
    • $450,000

      Happy Valley Land Development Opportunity

      2.64-acre parcel zoned R-15 with development potential in Happy Valley.
      SE Armstrong Cir, HappyValley, OR 97089
      View Details
    • $639,900

      Mini Mobile Home Park Investment

      Four-space mobile home park with development potential in Happy Valley.
      8720 SE CLATSOP St, HappyValley, OR 97086
      View Details
    • $365,000

      View Lot in Gated Community

      Vacant lot to build a custom luxury estate.
      10469 SE Quail Ridge Dr, HappyValley, OR 97086
      View Details
    • $659,000

      Happy Valley Land Opportunity

      Almost one acre of land in Happy Valley, Oregon.
      12510 SE MT SCOTT Blvd, HappyValley, OR 97086
      View Details
    • $5,500,000

      Commercial Land Near Clackamas Center

      Commercial land approved for a 102-unit hotel near transit.
      9155 SE SUNNYSIDE, HappyValley, OR 97015
      View Details
    • $299,900

      Land in Happy Valley, OR

      Residential land for sale in Happy Valley, Oregon.
      Dorset Ln, HappyValley, OR 97086
      View Details
    • $405,000
      1,103 SF

      Happy Valley Mixed-Use Property

      Mixed-use property with new roof and exterior paint.
      8511 SE ORCHARD, HappyValley, OR 97086
      View Details
    • $880,000

      Happy Valley Development Opportunity

      1.5 acres of MR-2 zoned land in Happy Valley.
      9000 SE CON BATTIN, HappyValley, OR 97086
      View Details

    FAQs

    What type of property is this?
    Land - Secluded 1.77 acre lot with creek views in Happy Valley.
    Where is this land located?
    The property is located at 16861 SE TRISTIN Ave Happy Valley, OR.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Secluded 1.77 acre lot offers privacy.; Enjoy creek views from your future home.; Shared well already in place.
    (971) 998-6431
    We can help!
    Listing Contact
    Michelle Palmquist
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!