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    Commercial Recreation Lot in Dalles Title is generated by Realmo AI

    1500 Lone Pine Boulevard, The Dalles, OR 97058

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    Claim this Listing
    For Sale
    $297,950

    Flat, commercially zoned lot with utilities in established neighborhood.

    Type:Land / Mixed Use
    Property size:
    16,552 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $18/SF
    Added:
    Dec 20, 2024
    Days on Market:
    532
    Last Refresh:
    Mar 13 at 3:16 pm

    Property Features for 1500 Lone Pine Boulevard

    General Information

    Standard status
    Active
    Size
    16,552 SF
    Lot size
    0.38 Acres
    Property subtype
    Land / Mixed Use

    We can help!

    Listing Contact
    Anne Medenbach
    Anne Medenbach

    Listing agent Anne Medenbach License #200606068

    Listing office Copper West Real Estate

    Listing date Dec 20, 2024

    Source Compass

    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 Copper West Real Estate

    HighLights

    • .38 acre flat, commercial recreation lot with flexible zoning.
    • Utilities (water, electricity to site; sewer in street) and infrastructure are in.
    • Easy access and visibility from Hwy 84.
    • Adjacent to established businesses: Rivers Edge Medical, Starbucks, McDonalds, and Comfort Inn.
    • Last commercial lots in a mostly built‑out neighborhood.
    • Phase 1, traffic analysis, and utility base map available.

    Overview

    This 0.38-acre commercial recreation lot is available for sale within the Lone Pine development in The Dalles. The property features flexible zoning suitable for various commercial applications. Water and electricity are available on-site, with sewer access in the street. The lot benefits from existing infrastructure, including sidewalks, curbs, and gutters. Situated in a largely developed neighborhood, it represents one of the last available commercial lots in the area. The location offers convenient access and visibility from Highway 84. The property is adjacent to Rivers Edge Medical, Starbucks, McDonalds, and Comfort Inn. Phase 1, traffic analysis, and a utility base map are available. There are also two additional small lots and one 3.36-acre shovel-ready multi-family lot available for sale.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    The Dalles
    County
    Wasco
    State
    Oregon
    Longitude
    -121.1385694
    Latitude
    45.6060681

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    FAQs

    What type of property is this?
    Commercial land - Flat, commercially zoned lot with utilities in established neighborhood.
    Where is this commercial land located?
    The property is located at 1500 Lone Pine Boulevard The Dalles, OR.
    What is the asking price?
    The asking price for this property is $297,950.
    What are key features of this property?
    This property features: .38 acre flat, commercial recreation lot with flexible zoning.; Utilities (water, electricity to site; sewer in street) and infrastructure are in.; Easy access and visibility from Hwy 84.
    (541) 386-2330
    We can help!
    Listing Contact
    Anne Medenbach
    Anne Medenbach
    Real Estate License ID: 200606068
    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.

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    1500 Lone Pine Boulevard, The Dalles, OR 97058
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