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    Versatile Land in Gladstone, Oregon Title is generated by Realmo AI

    Webster Rd, Gladstone, OR 97027

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    Claim this Listing
    For Sale
    $500,000

    LAND - Gladstone, OR

    Type:Single Family Residence
    Property size:
    1,610 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $310/SF
    Added:
    May 13, 2026
    Days on Market:
    9
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for Webster Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R7.5R10
    Standard status
    Active
    APN
    00493077
    Size
    1,610 SF
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Description
    SECTION 17 TOWNSHIP 2S RANGE 2E QUARTER AC TAX LOT 01502
    Tax Annual Amount
    423

    We can help!

    Listing Contact
    Brianna Snodgrass
    Brianna Snodgrass

    Listing agent Brianna Snodgrass License #201245083

    Listing office RE/MAX Equity Group 9200 SE Sunnybrook Blvd 100, Portland, OR

    Listing date May 13, 2026

    MLS# 566427763 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

    • Over 1/2 acre on two tax lots with development potential.
    • Versatile property suitable for first‑time buyers, investors, and developers.
    • Fully fenced front and backyards with two gated entrances, circular driveway, and RV/trailer/boat parking.
    • Flexible interior layout with potential for multigenerational living/guest quarters/primary suite.
    • Convenient location less than 2 miles to I‑205 and Highway 99E and within Gladstone School District boundaries.
    • Newer roof, newer gutters, and updated electrical panel.

    Overview

    This versatile property, situated on two tax lots totaling over 0.56 acres, is suitable for first-time home buyers, investors, and developers. The front lot qualifies for middle housing, and the back lot has development potential. The property features fully fenced front and backyards, a circular driveway, and two gated entrances, providing parking space, including room for an RV/trailer and/or boat. The 1,610 sq. ft. home includes 3 bedrooms, 1 and 1/2 baths, a living room, family room, and dedicated laundry room. Interior updates include new interior paint and new carpet in the living room, hallway, and family room, while the bedrooms feature hardwood floors. Heating is provided by a wood-burning stove and a pellet stove. The family room area includes a separate side entrance, closet, half bath, and built-in storage, offering potential for multigenerational living, guest quarters, a primary suite, or flexible use space. The dining room and family room provide access to the covered back patio, overlooking the large fenced backyard, complete with a play structure, and an additional wooded 1/4 acre lot. Additional features include a tool shed, soft-sided greenhouse, updated electrical panel, newer roof, and newer gutters. The property is located less than 2 miles to i205 or Highway 99E and is located in the Gladstone School District boundaries.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gladstone
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.586905
    Latitude
    45.399238

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    FAQs

    What type of property is this?
    Residential land & home lot - Over 1/2 acre with development potential and updated home.
    Where is this residential land & home lot located?
    The property is located at Webster Rd Gladstone, OR.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Over 1/2 acre on two tax lots with development potential.; Versatile property suitable for first‑time buyers, investors, and developers.; Fully fenced front and backyards with two gated entrances, circular driveway, and RV/trailer/boat parking.
    (503) 954-7652
    We can help!
    Listing Contact
    Brianna Snodgrass
    Brianna Snodgrass
    Real Estate License ID: 201245083
    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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