Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    819 W MAIN St Sheridan, OR 97378

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Commercial zoned 1.72 acre parcel for redevelopment.

    Type:General Commercial
    Property size:
    1,668 SF
    Lot size:
    1.72 Acres
    Price / SF:
    $449/SF
    Added:
    Oct 12, 2024
    Days on Market:
    574
    Last Refresh:
    Apr 1 at 8:49 pm

    Property Features for 819 W MAIN St

    General Information

    Standard status
    Active
    Size
    1,668 SF
    Lot size
    1.72 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Baker Real Estate

    Listing agent Baker Real Estate

    Listing office

    Listing date Oct 12, 2024

    Source Xome

    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 Baker Real Estate

    HighLights

    • Commercially zoned 1.72 acre parcel, suitable for redevelopment.
    • Public water, sewer, and power are available on the property.
    • Convenient location between Sheridan and Willamina.
    • Mostly flat land with a seasonal creek.
    • Zoning allows for some multifamily development behind commercial space.
    • Paved road access.

    Overview

    Commercial Land Redevelopment Opportunity

    This 1.72-acre commercially zoned parcel presents a redevelopment opportunity. The property is mostly flat and features a seasonal creek running through one corner. Public water, sewer, and power are available on the property. The existing single house on the property has limited value and will only be shown to serious buyers. The property is zoned for commercial use with potential for multifamily development behind the commercial space. The property is conveniently located between Sheridan and Willamina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.4074881
    Latitude
    45.0992285

    Nearby Similar for Sale

    • $335,000
      1,662 SF

      Sheridan Duplex Investment Opportunity

      Versatile duplex in Sheridan, ideal for investors or owner-occupants.
      410 SW MILL St, Sheridan, OR 97378
      View Details
    • $160,000

      Commercial Land in Sheridan, Oregon

      Corner lot zoned commercial, utilities stubbed, ready for development.
      518 S BRIDGE St, Sheridan, OR 97378
      View Details
    • $319,000
      7 SF

      Commercial Land on Hwy 18

      7-acre commercial land parcel with highway frontage in Sheridan, Oregon.
      Hwy 18, Sheridan, OR 97378
      View Details
    • $399,000
      3,552 SF

      Sheridan Masonic Lodge Opportunity

      3,552 SF building with potential for various uses.
      Sheridan, OR 97378
      View Details
    • $2,799,900

      322+ Acre Sheridan Land Parcel

      Incredible 322+ acre property with fields and timber.
      26601 SW THOMSON MILL Rd, Sheridan, OR 97378
      View Details
    • $120,000

      Sheridan, OR Land Parcel

      5-acre recreational land with mountain views in Sheridan, Oregon.
      SW Willamina Creek Rd, Sheridan, OR 97378
      View Details
    • $250,000
      13,594 SF

      Heider Building Rehabilitation Opportunity

      Mixed-use building with retail and apartment units, potential grant money.
      219 S Bridge St, Sheridan, OR 97378
      View Details
    • $399,000
      3,552 SF

      Sheridan Masonic Lodge Opportunity

      3,552 SF building with potential for various uses.
      240 NW Washington St, Sheridan, OR 97378
      View Details
    • $15,000
      5,800 SF

      Sheridan Redevelopment Opportunity on Riverside

      Redevelopment opportunity in Sheridan, Oregon with riverside location.
      124 E Main St, Sheridan, OR 97378
      View Details
    • $675,000

      Sheridan, OR Land Investment

      40 acres of Douglas fir near McMinnville and Sheridan.
      SW Rock Creek Rd, Sheridan, OR 97378
      View Details
    • $2,000,000
      33,000 SF

      Flexible Storage and Industrial Space

      3.5-acre property with enclosed, open storage, and industrial shop.
      22030 Rock Creek Rd, Sheridan, OR 97378
      View Details
    • $819,900

      80-Acre Oregon Land Parcel

      80 acres near Sheridan, Oregon with home site authorization.
      18940 SW Canyon Rd, Sheridan, OR 97378
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial zoned 1.72 acre parcel for redevelopment.
    Where is this commercial land located?
    The property is located at 819 W MAIN St Sheridan, OR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Commercially zoned 1.72 acre parcel, suitable for redevelopment.; Public water, sewer, and power are available on the property.; Convenient location between Sheridan and Willamina.
    (503) 434-0545
    We can help!
    Listing Contact
    Baker Real Estate
    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
    819 W MAIN St, Sheridan, OR 97378
    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!