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    311 NE 7Th Ave John Day, OR 97845

    Sponsored
    For Sale
    $4,975,000

    Ranch, Farm - John Day, OR

    Type:Farm
    Property size:
    3,014 SF
    Lot size:
    3,412.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 4 at 8:06 pm

    Property Features for 311 NE 7Th Ave

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    549 - Farm Use
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room
    Bedrooms
    5
    Bathrooms
    3
    APN
    13S31 00200 01
    Parking features
    Garage, RV
    Interior features
    Kitchen Island, Open Floorplan, Pantry, Primary Downstairs
    Exterior features
    RV Hookup
    Fireplace
    1
    Appliances
    Range, Refrigerator
    Size
    3,014 SF
    Lot size
    3,412.00 Acres

    Utilities

    Heating system
    Fireplace(s), Oil
    Cooling system
    None (Cooling)
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Mt (Micah) Anderson

    Crater Lake Realty, Inc. (541) 783-2759

    Listing agent Mt (Micah) Anderson (541) 783-2759 License #201206361

    Listing date Feb 3, 2026

    MLS# 220214711 Listing URL

    Copyright © 2026 Klamath County Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic John Day Valley Ranch

    The Holmstrom Ranch presents an opportunity to own a piece of the John Day Valley's history, dating back to 1863. The ranch benefits from some of the oldest water rights on the John Day River and includes irrigated hay fields, rangeland with varied topography, and 1.4 miles of John Day River frontage. The property qualifies for 4 Land Owner Preference (LOP) tags for deer and 4 LOP tags for elk. The ranch is known for trophy class mule deer, large herds of elk (sometimes exceeding 400 head), and big herds of pronghorn antelope. Its wetland component supports waterfowl hunting, along with turkeys, chukar, and quail. The ranch features a vintage 5 bedroom, 3 bath home, along with shops and barns. There is an active quarry and mining operating permit through the Oregon Dept. of geology and mining industries (DOGAMI). The ranch is located in John Day, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John day skate ... Sports Field & Court

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    John Day
    County
    Grant
    State
    Oregon
    Longitude
    -118.944867
    Latitude
    44.421305

    Nearby Similar for Sale

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      Elkhorn Cabins & Storage

      15-unit apartment complex with 20 storage units on 0.52 acres.
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      Commercial Property in John Day

      Commercial building with multiple office spaces and dual street access.
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    FAQs

    What type of property is this?
    Ranch - Ranch with water rights, river frontage, and hunting.
    Where is this ranch located?
    The property is located at 311 NE 7Th Ave John Day, OR.
    What is the asking price?
    The asking price for this property is $4,975,000.
    What are key features of this property?
    This property features: - 1.4 miles of John Day River frontage with oldest water rights.; - Ranch qualifies for 4 LOP deer and 4 LOP elk tags.; - Abundant wildlife: trophy mule deer, large elk herds (over 400), pronghorn antelope, waterfowl, turkeys, chukar, and quail.
    (541) 783-2759
    Request Owner's contact information
    311 NE 7Th Ave John Day, OR 97845
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    John Day, OR 97845
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    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
    311 NE 7Th Ave John Day, OR 97845
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    We can help!
    Listing Contact
    Mt (Micah) Anderson
    Real Estate License ID: 201206361
    (541) 783-2759
    Learn more
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