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    Rural Residential Bluff-Front Land Title is generated by Realmo AI

    4390 West Ridge Dr, Hood River, OR 97031

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    For Sale
    $569,000

    LAND - HoodRiver, OR

    Type:Single Family Residence
    Lot size:
    2.52 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 4390 West Ridge Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    G-RR-5
    Standard status
    Active
    APN
    6819
    Lot size
    2.52 Acres

    Taxes and HOA fees

    Tax Description
    03N10E33A01400
    Tax Annual Amount
    27

    We can help!

    Listing Contact
    Bill Irving
    Bill Irving

    Listing agent Bill Irving License #77274

    Listing office Copper West Real Estate 14 Oak St, Hood River, OR

    Listing date Jun 5, 2026

    MLS# 298406410 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.

    HighLights

    • 2.5‑acre undeveloped bluff‑front lot in Hood River with Columbia River views
    • Last remaining undeveloped parcel on West Ridge Dr in Hood River
    • Wooded lot that is generally flat with basalt rock outcroppings
    • Zoned Rural Residential and located in the National Scenic area
    • Power, water, gas, and phone available; will require septic

    Overview

    This offering is an undeveloped rural residential land parcel with bluff-front character and Columbia River views. The property is wooded and generally flat, with visible basalt rock outcroppings that add natural terrain variation. It is zoned G-RR-5 (Rural Residential), and it will require septic for development.

    The site is located in Hood River on West Ridge Dr and described as the last remaining undeveloped parcel on that drive. The listing notes the property is close to town while still feeling secluded, and it provides easy access to trails for recreation. The property is also identified as being in the National Scenic area. For development requirements and details, the listing directs buyers to contact Hood River County planning.

    Utilities are noted as available at the property, including power, water, gas, and phone. Prospective buyers should plan for septic as part of any buildout and review county planning requirements given the National Scenic designation and rural residential zoning. This land may appeal to buyers looking to develop a single home site that takes advantage of the bluff-front setting and views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Pharmacy Gym & Fitness Center Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hood River
    County
    Hood River
    State
    Oregon
    Longitude
    -121.57185
    Latitude
    45.706089

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    FAQs

    What type of property is this?
    Residential land & home lot - Wooded bluff-front parcel with Columbia River views, requiring septic and offering utilities availability for future development.
    Where is this residential land & home lot located?
    The property is located at 4390 West Ridge Dr Hood River, OR.
    What is the asking price?
    The asking price for this property is $569,000.
    What are key features of this property?
    This property features: 2.5‑acre undeveloped bluff‑front lot in Hood River with Columbia River views; Last remaining undeveloped parcel on West Ridge Dr in Hood River; Wooded lot that is generally flat with basalt rock outcroppings
    (503) 816-9251
    We can help!
    Listing Contact
    Bill Irving
    Bill Irving
    Real Estate License ID: 77274
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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.

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