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    The Largest CRE Database in the US with Over 1 Million Listings

    60646 Anderson Valley Rd Princeton, OR 97721

    Sponsored
    For Sale
    $975,000

    Farm/Estate, Ranch - Princeton, OR

    Type:Farm
    Property size:
    2,008 SF
    Lot size:
    280.00 Acres
    Days on Market:
    168
    Last Refresh:
    Jan 23 at 6:06 pm

    Property Features for 60646 Anderson Valley Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Den, Dining Room, Living Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    10613
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Appliances
    Dishwasher, Refrigerator, Washer
    Size
    2,008 SF
    Lot size
    280.00 Acres

    Utilities

    Heating system
    Fireplace(s), Heat Pump (Heating), Propane (Heating)

    Building Details

    Year built
    2014
    Year renovated
    2014
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Dally Zander

    Ken Thomas Real Estate LLC (541) 493-2776

    Listing agent Dally Zander (541) 589-3433

    Listing date Aug 9, 2025

    MLS# 11541064 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.

    Learn more

    Property Insight Report

    Overview

    Princeton, Oregon Farm and Estate

    This scenic 280-acre property is located approximately 2 miles south of Princeton, Oregon, about 45 miles from Burns, Oregon, and roughly 3 1/2 hours from both Boise, Idaho, and Bend, Oregon. The land features native grass on a ridge, with bottom land including a 50-acre pivot planted in orchard grass and a 10-acre pasture irrigated with pods. A well produces 280 to 300 gpm, with water rights for 60.14 acres under Certificates 93786 & 93787. The bottom land has very good soil suitable for producing nice crops. The property is perimeter and cross-fenced. Improvements include a 2,008 sq ft stick-built house constructed in 2014, featuring 2 bedrooms, 2 bathrooms, and a large office/den. The primary bedroom includes a walk-in closet with attic and crawl space access, and a primary bathroom with a walk-in tile shower. The kitchen, dining room, and breakfast nook overlook the pivot. Covered porches are on both sides of the house, and a chain-link fence surrounds the front. The kitchen is equipped with nice cabinets, granite countertops, and an island. An attached garage is included. A 1,024 sq ft shop with a concrete floor is available for equipment maintenance and repairs. The owner is working to complete a barn/hay shed. The property also has a couple of smaller outbuildings and some corrals. Schools (K-12) are located about 12 miles north in Crane, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Princeton
    County
    Harney
    State
    Oregon
    Longitude
    -118.59445
    Latitude
    43.248691

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    FAQs

    What type of property is this?
    Farm - 280-acre farm with modern home and agricultural infrastructure.
    Where is this farm located?
    The property is located at 60646 Anderson Valley Rd Princeton, OR.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - 280-acre property featuring a 50-acre irrigated pivot for orchard grass and a 10-acre pod-irrigated pasture.; - High-yield well (280-300 gpm) with documented water rights (60.14 acres, Certificates 93786 & 93787).; - 2014-built, 2008 sq ft stick-built house with 2 bedrooms, 2 bathrooms, a large office/den, granite countertops, and covered porches offering scenic valley views.
    (541) 589-2195
    Request Owner's contact information
    60646 Anderson Valley Rd Princeton, OR 97721
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    Princeton, OR 97721
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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
    60646 Anderson Valley Rd Princeton, OR 97721
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    We can help!
    Listing Contact
    Dally Zander
    (541) 589-2195
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