Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots off Highway 18 Title is generated by Realmo AI

    102 3RD ST, Dayton, OR 97114

    View on Map
    Claim this Listing
    For Sale
    $349,900

    Two commercial lots near Highway 18 in Dayton, Oregon.

    Type:Lots/Land
    Added:
    Dec 21, 2024
    Days on Market:
    530
    Last Refresh:
    Apr 16 at 2:53 am

    Property Features for 102 3RD ST

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Kristi Masterson

    Listing agent Kristi Masterson License #201211124

    Listing office Premiere Property Group, LLC

    Listing date Dec 21, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Premiere Property Group, LLC

    HighLights

    • Two commercial lots off Highway 18 Dayton Bypass interchange.
    • Located on 3rd St, leading to downtown Dayton, Oregon.
    • Large, flat area.
    • Above the floodplain.
    • Cornerstone piece of land.
    • Many opportunities exist.

    Overview

    Two commercial lots are available for sale. The lots are prominently positioned off Highway 18 Dayton Bypass interchange, leading to downtown on 3rd St in Dayton, Oregon. The combined lots provide a large, flat area situated above the floodplain of a nearby waterway. The property is a cornerstone piece of land with many opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.0789219
    Latitude
    45.2233313

    Nearby Similar for Sale

    • $569,900
      2,448 SF

      Multifamily Property with ADU Potential

      Multifamily property with ADU on a large 0.72-acre lot.
      112 MELLINGER Pl, Dayton, OR 97114
      View Details
    • $275,000

      Dayton, Oregon Buildable Land

      1.54 acres of land with secluded feel.
      Fletcher, Dayton, OR 97114
      View Details
    • $2,375,000

      Prime Land at McDougall Corner

      Commercial land at the intersection of Highway 18 and 99W.
      3220 SE DAYTON BYP, Dayton, OR 97114
      View Details
    • $439,000

      Riverfront Land Near Dayton

      3.6-acre riverfront lot with utilities near Dayton, Oregon.
      16190 SE KREDER Rd, Dayton, OR 97114
      View Details
    • $74,900

      Residential Land in Dayton, Oregon

      Large lot in established development with green space.
      706 Elizabeth Ct, Dayton, OR 97114
      View Details
    • Contact for pricing
      24,740 SF

      Dayton Meat Processing Facility

      Functional meat processing facility with land for future development.
      13165-13245 SE Fletcher Rd, Dayton, OR
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots near Highway 18 in Dayton, Oregon.
    Where is this commercial land located?
    The property is located at 102 3RD ST Dayton, 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: Two commercial lots off Highway 18 Dayton Bypass interchange.; Located on 3rd St, leading to downtown Dayton, Oregon.; Large, flat area.
    (541) 991-2637
    We can help!
    Listing Contact
    Kristi Masterson
    Real Estate License ID: 201211124
    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

    Thank You for Inquiry
    102 3RD ST, Dayton, OR 97114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!