Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    NE Cullen Rd Newberg, OR 97132

    View on Map
    Claim this Listing
    For Sale
    $499,000

    LAND - Newberg, OR

    Lot size:
    1.85 Acres
    Added:
    Apr 25, 2025
    Days on Market:
    362
    Last Refresh:
    Apr 21 at 7:06 am

    Property Features for NE Cullen Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    VLDR-1
    Standard status
    Active
    APN
    506719
    Lot size
    1.85 Acres

    Taxes and HOA fees

    Tax Description
    TOWNSHIP 3S RANGE 2W SECTION 18 QTR B QQTR A TAXLOT 00101
    Tax Annual Amount
    1518

    We can help!

    Listing Contact
    Kelly Hagglund
    Kelly Hagglund

    Listing agent Kelly Hagglund License #981100019

    Listing office The Kelly Group Real Estate 215 N Blaine St, Newberg, OR

    Listing date Apr 25, 2025

    MLS# 750322638 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.

    Overview

    Expansive Land Parcel in Newberg

    This 1.85-acre parcel is located at the "Gateway at Cullen Road" within the Urban Growth Boundary, approximately 290 feet from Newberg city limits. The flat, buildable land offers scenic views of surrounding hazelnut orchards. Situated less than a mile from Chehalem Valley Middle School and Jaquith Park, the property is also minutes from downtown Newberg and Oregon's wine country. The property combines rural charm with urban convenience. It presents an exceptional opportunity for investors and developers looking to capitalize on future growth. The property is zoned VLDR-1. Buyer is to perform own due diligence on intended use and development feasibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.985456
    Latitude
    45.316923

    Nearby Similar for Sale

    • $624,900

      Multi-Family Home Near University

      Two homes on one lot near George Fox University.
      900 N WILLIAMS St, Newberg, OR 97132
      View Details
    • $1,295,000
      4,384 SF

      Newberg Fourplex: Turnkey Investment

      Well-maintained, fully furnished fourplex near George Fox University.
      710 N ELLIOTT Rd, Newberg, OR 97132
      View Details
    • $3,950,000

      Newberg Development Opportunity: 7.2 Acres

      7.2-acre development opportunity in Newberg's growth area.
      3312 E FERNWOOD Rd, Newberg, OR 97132
      View Details
    • $610,000

      Wine Country Land Opportunity

      6.8 acres of farmland and forests in Newberg, Oregon.
      31795 NE WILSONVILLE Rd, Newberg, OR 97132
      View Details
    • $189,900

      Newberg Land Ready to Build

      Land in Newberg, ready for duplex or common wall.
      3rd St, Newberg, OR 97132
      View Details
    • $860,200

      Scenic 10-Acre Lot with Views

      10.13-acre lot in Newberg, OR with Mt. Hood views.
      23129 SW JAQUITH Rd, Newberg, OR 97132
      View Details
    • $189,000

      Residential Land in Newberg, Oregon

      Residential land suitable for duplex development in Newberg, Oregon.
      3rd St, Newberg, OR 97132
      View Details
    • $1,995,000
      6,268 SF

      Office-Retail Investment Property on 99W

      Well-maintained investment property with long-term tenants in a prominent location.
      2911 Portland Rd, Newberg, OR
      View Details
    • $2,300,000
      6,330 SF

      Historic Newberg Office Building For Sale

      Iconic Romanesque building in historic downtown Newberg with on-site parking.
      700 E 1st St, Newberg, OR 97132
      View Details
    • $482,210
      1,536 SF

      Well-Maintained Duplex in Newberg

      Duplex with two units, ideal investment or starter home.
      504 E 9TH 14 St, Newberg, OR 97132
      View Details
    • $2,399,000
      12,743 SF

      Newberg Townhome Community Near University

      Well-maintained townhomes near George Fox University with expansion potential.
      615-629 N Elliott Rd, Newberg, OR 97132
      View Details
    • $1,149,000

      Entitled Land Parcel For Sale

      0.82 acre parcel, zoned C-2, entitled for 28-unit multi-family.
      Haworth Ave & N Springbrook Rd, Newberg, OR
      View Details

    FAQs

    What type of property is this?
    Land - 1.85-acre parcel near Newberg city limits with development potential.
    Where is this land located?
    The property is located at NE Cullen Rd Newberg, OR.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 1.85‑acre parcel within the Urban Growth Boundary and near Newberg city limits.; Flat, buildable land with scenic views of hazelnut orchards.; Located less than a mile from Chehalem Valley Middle School and Jaquith Park.
    (503) 538-4531
    We can help!
    Listing Contact
    Kelly Hagglund
    Kelly Hagglund
    Real Estate License ID: 981100019
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!