Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land with Shop Building Title is generated by Realmo AI

    13733 HOBART, Silverton, OR 97381

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    0.71-acre lot with shop, mobile home, new septic system.

    Added:
    May 26, 2025
    Days on Market:
    362
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 13733 HOBART

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    NIK KULIKOV

    Listing agent NIK KULIKOV

    Listing office CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY

    Listing date May 26, 2025

    Source Corcoran

    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 CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY

    HighLights

    • New septic system installed in 2024, ready for a 3‑4 bedroom home.
    • 0.71‑acre property just outside Silverton city limits.
    • Connected to city water.
    • 24x48 shop with concrete floor.
    • Opportunity to build a dream home or bring in a new manufactured home.
    • Basic pole barn with a concrete floor.

    Overview

    This 0.71-acre property is located just outside Silverton city limits. It includes an older mobile home, which is not financeable due to its age, and a 24x48 shop. A basic pole barn with a concrete floor is also present. The lot is connected to city water and features a new septic system installed in 2024, designed for a 3-4 bedroom home. The property is suitable for building a new home or placing a new manufactured home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Silverton
    County
    Marion
    State
    Oregon
    Longitude
    -122.778
    Latitude
    45.0222

    Nearby Similar for Sale

    • $750,000
      4,068 SF

      Historic Silverton Fourplex with Bonus

      Charming fourplex with bonus room, close to downtown amenities.
      700 S WATER St, Silverton, OR 97381
      View Details
    • $450,000

      Silverton Buildable Lot with Creek

      1.35 acre lot with creek frontage and well.
      17857 South Abiqua Rd NE, Silverton, OR 97381
      View Details
    • $375,000

      Silverton, Oregon Timber/Forest Land

      31.65 acres with Silver Creek frontage, recreation site.
      Lewis Cemetery Rd, Silverton, OR 97381
      View Details
    • $450,000

      Buildable Lot with Creek Frontage

      Flat 1.35 acre lot with well and creek frontage.
      17857 S Abiqua, Silverton, OR 97381
      View Details
    • $759,000

      120 Acres Near Silverton, OR

      120 acres of land near Salem and Silverton, Oregon.
      Abiqua Dam (SMALL), Silverton, OR 97381
      View Details
    • $4,199,000

      460 Acres Near Silverton, Oregon

      Large acreage with timber, potential building sites near Salem.
      Abiqua Dam (Large), Silverton, OR 97381
      View Details
    • $430,000

      Silverton Land with Approved Building

      28.25 acres near Silverton, OR with approved building site.
      Powers Creek N Loop, Silverton, OR 97381
      View Details
    • $450,000

      Buildable Lot with Creek Frontage

      Flat, buildable lot featuring creek frontage and well.
      17857 S Abiqua, Silverton, OR 97381
      View Details
    • $175,000

      Silverton Land with R5 Zoning

      Vacant lot with R5 zoning in Silverton, Oregon.
      623 MCCLAINE St, Silverton, OR 97381
      View Details
    • $759,000

      120 Acres Near Abiqua Creek

      120 acres of timberland with creek access near Silverton.
      000 Abiqua Dam (SMALL), Silverton, OR 97381
      View Details
    • $349,000
      1,331 SF

      Remodeled Commercial Building with Parking

      Remodeled vintage building suitable for commercial or residential use.
      612 N 1ST, Silverton, OR 97381
      View Details
    • $439,000

      Acreage Near Silverton with CUP

      28.25 acres with county-approved building site east of Silverton.
      0 Powers Creek (North), Silverton, OR 97381
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.71-acre lot with shop, mobile home, new septic system.
    Where is this residential land & home lot located?
    The property is located at 13733 HOBART Silverton, OR.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: New septic system installed in 2024, ready for a 3‑4 bedroom home.; 0.71‑acre property just outside Silverton city limits.; Connected to city water.
    We can help!
    Listing Contact
    NIK KULIKOV
    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
    13733 HOBART, Silverton, OR 97381
    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!