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    17804 Shank Rd Northeast Hubbard, OR 97032

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    For Sale
    Contact for pricing

    Rare industrial property with three buildings and value-add potential.

    Property Features for 17804 Shank Rd Northeast

    General Information

    Zoning
    Industrial

    Source: Zach Reichle Agent Zach Reichle

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

    Overview

    Hubbard Industrial Investment Opportunity

    Located just outside of Hubbard in Marion County, the property at 17804 Shank Road Northeast presents a unique investment opportunity. The 8.16-acre site features three newly constructed buildings, totaling 31,000 square feet, suitable for various industrial and yard uses. The building sizes are 15,000 SF, 11,800 SF, and 4,200 SF. The property is currently occupied by seven long-term tenants with lease expiration dates within the next 2.5 years. The site is equipped with multiple on-site wells, a robust septic system, catch basins, and ample 3-phase power. The entire property is graveled and paved, fenced, and has utilities stubbed in various locations to accommodate additional buildings. The Marion County industrial zoning allows for various permitted and conditional industrial uses. Strategically located between Portland and Salem, the property offers access to local markets and highways. The location in Marion County may be attractive to businesses due to potentially more favorable tax structures compared to other counties.
    Location Intelligence

    Current Use by Public Records

    Millennium Telecommunications Equipment Supplier Potelco Corporate Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hubbard
    County
    Marion
    State
    Oregon
    Longitude
    -122.789928
    Latitude
    45.177598

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    FAQs

    What type of property is this?
    Industrial property - Rare industrial property with three buildings and value-add potential.
    Where is this industrial property located?
    The property is located at 17804 Shank Rd Northeast Hubbard, OR.
    What are key features of this property?
    This property features: - Value-add investment opportunity with a stabilized cap rate of 7.44% and significant upside potential.; - Three newly constructed buildings totaling 31,000 SF on 8.16 acres.; - Favorable Marion County industrial zoning.
    (503) 706-0562
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    17804 Shank Rd Northeast Hubbard, OR 97032
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    Hubbard, OR 97032
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    Realmo Value Estimation

    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.

    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.

    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
    17804 Shank Rd Northeast Hubbard, OR 97032
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