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    320 Snow Mountain Ave Hines, OR 97738

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    Claim this Listing
    For Sale
    $1,950,000

    Vacant Land - Hines, OR

    Property size:
    171,020 SF
    Lot size:
    17.93 Acres
    Added:
    Aug 28, 2023
    Days on Market:
    971
    Last Refresh:
    Apr 24 at 10:06 pm

    Property Features for 320 Snow Mountain Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Size
    171,020 SF
    Lot size
    17.93 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9580

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Curt Blackburn

    Listing agent Curt Blackburn

    Listing office Jett Blackburn Real Estate Inc. 707 Ponderosa Village, Burns, OR

    Listing date Aug 28, 2023

    MLS# 11206128 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hines Industrial Facility with Warm Well

    Located in the Hines Industrial Park with convenient access to Hwy 20, Hwy 395, and Hwy 78, this heavy industrial facility in Eastern Oregon encompasses 17.93 acres. The property features a 171,020 sq. ft. steel building with 12' eves, primarily concrete floors, and large clear open areas. There is approximately 200,000 sq. ft. of asphalt-covered parking and work area. The site includes three additional storage/shop buildings. A 75' platform digital truck scale is present on 2.43 acres, representing a 1/3 ownership investment. The property was formerly a fiberglass plant for Monaco Coach Corporation and has been used for hay storage since 2011. A warm water well, developed by Monaco Coach Corporation, reaches 94 degrees and previously heated the building through floor heating and overhead radiators. The well's 75hp turbine pump with a variable frequency drive has not been operational since 2011. The property is zoned for heavy industrial use and is suitable for manufacturing, warehousing, distribution, research and development labs, and data centers. Utilities include electric service from Oregon Trail Electric, city sewer, city water, and fiber via LSN Network. The owner is open to a 6-month leaseback arrangement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Big Box & Wholesale Store Department Store Kitchen & Bath Showroom Hotel & Motel Discount Store (Bike/Boat/Book/etc) Store Travel Agency Plumbing Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Hines
    County
    Harney
    State
    Oregon
    Longitude
    -119.081463
    Latitude
    43.549769

    Nearby Similar for Sale

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      Hines Industrial Building on Acreage

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    • $1,000,000
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      Productive Farm and Estate in Oregon

      281.29-acre farm with water rights, home, shop, and outbuildings.
      27790 Highway 20 W, Hines, OR 97738
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    • $4,950,000
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      Turnkey Irrigated Farm and Ranch

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      Hines Industrial Property For Sale

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    • $3,950,000
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      Eastern Oregon Heavy Industrial Building

      171,020 sq ft industrial building in Hines, Oregon.
      320 Snow Mountain Ave, Hines, OR 97738
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Heavy industrial building with potential for various projects and leaseback.
    Where is this manufacturing property located?
    The property is located at 320 Snow Mountain Ave Hines, OR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Large 171,020 sq. ft. heavy industrial building with mostly concrete floors and large clear open areas.; Strategic location in Hines Industrial Park with easy access to Hwy 20, Hwy 395 & Hwy 78.; Zoned Heavy Industrial, suitable for manufacturing, warehousing, distribution, R&D, and data centers.
    (541) 413-5777
    We can help!
    Listing Contact
    Curt Blackburn
    Learn More
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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
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