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

    2287 NW 11th St Ontario, OR 97914

    View on Map
    Claim this Listing
    For Sale
    $225,000

    COMMERCIAL - Ontario, OR

    Lot size:
    2.62 Acres
    Added:
    Oct 17, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 30 at 5:06 pm

    Property Features for 2287 NW 11th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    Tax Lot 3500 Map#17S4733B
    Lot size
    2.62 Acres

    Taxes and HOA fees

    Tax Year
    2017
    Tax Description
    Tax Lot 600 Map #17S4716B
    Tax Annual Amount
    792

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Marty Justus

    Listing agent Marty Justus License #201104009

    Listing office Four Star Real Estate 241 SW 3rd Avenue, Ontario, OR

    Listing date Oct 17, 2025

    MLS# 98964998 Listing URL

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

    Overview

    Ontario, OR Commercial Land

    This commercial land listing features just under 3 acres located inside city limits. Utilities are available to the lot line. The property benefits from great traffic flow and is located directly next store to Cookies Dispensary.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Malheur
    State
    Oregon
    Longitude
    -116.9798208
    Latitude
    44.0477594

    Nearby Similar for Sale

    • $534,995
      2,880 SF

      Turn-Key Fourplex Investment Opportunity

      Fourplex with in-unit laundry, backyards, and strong tenant demand.
      160 NW 3rd, Ontario, OR 97914
      View Details
    • $60,000

      Commercial Land in Ontario, Oregon

      Flat, commercially zoned land with city utilities and alley access.
      Tax Lot 9000 NW 1st Ave, Ontario, OR 97914
      View Details
    • $400,000

      Commercial Lot Ready For Development

      1.47 acre commercial lot in Ontario, Oregon.
      833 SW 30th St, Ontario, OR 97914
      View Details
    • $120,000

      Commercial Lot Ready for Development

      0.66 acre commercial lot with utilities to curb.
      SW 18th St, Ontario, OR 97914
      View Details
    • $100,000

      Commercial Lot in Ontario, Oregon

      Third-acre commercial lot ready for zoning in Ontario, Oregon.
      SW 18th St, Ontario, OR 97914
      View Details
    • $200,000

      Commercial Lot Ready for Development

      0.69 acre commercial lot with highway frontage in Ontario, OR.
      1063 SW 30th St, Ontario, OR 97914
      View Details
    • $55,000

      Commercial Land Ready For Development

      Flat, commercially zoned lot with utilities ready for development.
      NW 6th Ave, Ontario, OR 97914
      View Details
    • $875,000

      Farm Ground in Malheur County

      111 acres with irrigation rights and building site.
      Railroad Ln, Ontario, OR 97914
      View Details
    • $495,000

      Ontario, Oregon Land Opportunity

      Vacant land with irrigation rights near Snake River.
      4460 Highway 201, Ontario, OR 97914
      View Details
    • $75,000

      Commercial Lot Ready For Development

      Commercial lot available for development in Ontario, Oregon.
      NE 2nd St, Ontario, OR 97914
      View Details
    • $180,000

      Industrial Lot Ready for Development

      Over an acre industrial lot with utilities ready for development.
      SE 9th St 1, Ontario, OR 97914
      View Details
    • $190,000

      Industrial Lot Ready for Development

      1.52 acre industrial lot in Ontario, Oregon.
      SE 9th Ave, Ontario, OR 97914
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Ontario, Oregon, near dispensary.
    Where is this commercial land located?
    The property is located at 2287 NW 11th St Ontario, OR.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Just Under 3 Acres Inside City Limits; Utilities to Lot Line (Electricity Available); Great Traffic Flow
    (541) 709-7744
    We can help!
    Listing Contact
    Marty Justus
    Real Estate License ID: 201104009
    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!