Building Details

Year built 2003

Roof type Metal

Listing Agency: Equity Oregon Real Estate s***@equityoregon.cm Show Phone

Listed By: Janae Barton Show Phone

Added: Aug 15, 2025 Changed: Oct 26 Last Checked: Oct 29 at 3:06PM

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MLS# 453498624

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Investment Insights

Based on property information with market context.

This vineyard property includes 34 acres of plantings and a 30,000-square-foot winery with on-site production facilities. Hospitality improvements include a tasting room with indoor seating and an outdoor deck overlooking a waterfall and pond. Event areas accommodate weddings, private celebrations, and corporate gatherings, with bridal and groomsmen suites and reception space. The sale also includes associated inventory and equipment, plus two residential homes.

The 50.41-acre property is zoned EFU and includes water rights. An irrigation well is reported to produce 600 gallons per minute, and a domestic well is reported at 70 gallons per minute. The property is located in Aurora, Oregon.

Key Highlights

• 34 acres of vineyard plantings within a 50.41‑acre property
• 30,000‑square‑foot winery with on‑site production facilities
• Tasting room includes indoor seating and an outdoor deck overlooking a waterfall and pond

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$260,362

Cap Rate

3.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,207,240 $5.2M

Cap Rate 7%

$3,719,457 $3.7M

Cap Rate 9%

$2,892,911 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,000 SF

Gross rent

$387.0K $12.90/SF

− Vacancy

−$15.1K −$0.50/SF

EGI

$371.9K $12.40/SF

− OpEx

−$111.6K −$3.72/SF

NOI

$260.4K $8.68/SF

Area

Marion County, OR

Vacancy

3.89%

Lease Rate

$12.90 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,207,240

Cap Rate 7%

$3,719,457

Cap Rate 9%

$2,892,911

Alternative Uses

Best Use

Industrial

$3.72M

$3.25M – $4.34M (±1% cap)

NOI $260,362 @ 7.0% cap · market cap 3.30%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$7.06M

$6.17M – $8.23M (±1% cap)

NOI $493,884 @ 7.0% cap · market cap 6.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Aurora Vineyards Vineyard

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage HVAC Service Restaurant Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Explore this area Business Placement

Demographics for 97002, OR

5,874

Population

2,381

Households

2.5

Avg Household Size

48

Median Age

24%

College-Educated

89%

High-School Grad

41.5 sq mi

ZIP Area

142

Density / Sq Mi

$65,685

Median Household Income

$39,745

Median Earnings

$1,522

Median Rent

$443,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Vineyard - A production winery, tasting room, event areas, and two homes are included with the vineyard holding.

Where is this vineyard located?

The property is located at 21338 OAK Ln Aurora, OR.

What is the asking price?

The asking price for this property is $7,900,000.

What are key features of this property?

This property features: 34 acres of vineyard plantings within a 50.41‑acre property; 30,000‑square‑foot winery with on‑site production facilities; Tasting room includes indoor seating and an outdoor deck overlooking a waterfall and pond