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    86962 Aspen Lane Christmas Valley, OR 97641

    View on Map
    For Sale
    $349,900

    COMMERCIAL - Christmas Valley, OR

    Property size:
    2,800 SF
    Lot size:
    0.54 Acres
    Added:
    May 16, 2025
    Days on Market:
    321
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 86962 Aspen Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Laminate Counters, Vaulted Ceiling(s)
    Standard status
    Active
    APN
    4802
    Size
    2,800 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    TaxYear
    2024

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    2009
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Brenda Jean Hawkins
    Brenda Jean Hawkins

    Listing agent Brenda Jean Hawkins

    Listing office Stellar Realty Northwest 109 NW Greenwood Ave, Ste 105, Bend, OR

    Listing date May 16, 2025

    MLS# 220201899

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

    Overview

    Christmas Valley Commercial Meeting Hall

    This commercial property, located in Christmas Valley, Oregon, is zoned commercial and suitable for a variety of uses, including event space, a community center, retail, office, or service-based businesses. The property features a spacious interior with an open floor plan, high ceilings, a stage area, and flexible seating options. Functional amenities include restrooms, a kitchen or serving area, and ample storage space. The property provides generous off-street parking. Positioned on a well-traveled road, the property offers easy access to the main amenities of Christmas Valley. The lot size is 0.54 acres, offering room for outdoor expansion, events, or additional structures, depending on buyer needs and local zoning allowances. The building size is 2,800 square feet. This property offers possibilities for opening a business, hosting gatherings, or investing in a multi-use commercial space.
    Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Christmas Valley
    County
    Lake
    State
    Oregon
    Longitude
    -120.693616
    Latitude
    43.238661

    Nearby Similar for Sale

    • $475,000
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      Productive Farmstead in Christmas Valley

      120-acre farm with home, wells, barns, and shop.
      91497 Christmas Valley Highway, Christmas Valley, OR 97641
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    • $35,000

      Airport Access Parcel For Sale

      Corner lot with runway access, utilities, and fire hydrant.
      Christmas Valley HWY, Christmas Valley, OR 97641
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    • $20,000

      20 Acres in Christmas Valley

      20 acres zoned A2, perfect for homestead or recreation.
      Oil Dri Road, Christmas Valley, OR 97641
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    • $1,999,999
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      Eastern Oregon Alfalfa Farm

      274.19-acre alfalfa farm with robust irrigation system.
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    FAQs

    What type of property is this?
    Wedding venue - Versatile commercial space suitable for various business or community purposes.
    Where is this wedding venue located?
    The property is located at 86962 Aspen Lane Christmas Valley, OR.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Zoned Commercial: Ideal for event space, community center, retail, office, or service‑based business.; Spacious Interior: **Open floor plan with high ceilings and stage area.**; High‑Visibility Location: Positioned on a well‑traveled road with easy access to Christmas Valley amenities.
    (541) 668-6085
    We can help!
    Listing Contact
    Brenda Jean Hawkins
    Brenda Jean Hawkins
    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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