Vineyard Property with Tasting
For Sale
Contact for pricing
21360 SW HILLSBORO HWY, Newberg, OR 97132
Agricultural acreage combines planted vines, orchard trees, hospitality space, and recreational improvements.
Property Size5,563 SF
Price / SF$323.55
Days on Market23
Property Features for 21360 SW HILLSBORO HWY
General Information
Standard status
Active
Size
5,563 SF
Property subtype
Mixed Use, Land, Special Purpose
Zoning
AF10
Investment Type
Owner/User
Building Details
Year Built
1971
Buildings
3
Listing Agency:
Coldwell Banker Professional Group
(503) 538-0468
Listed By:
Jorie Girod · License #200402438
Source:
Crexi
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 29 at 1:13PM
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 Coldwell Banker Professional Group
Investment Insights
Based on property information with market context.
This AF10-zoned vineyard property spans 3.46 acres, including 1.76 acres planted with vines and recently added apple trees. Improvements include a 2,184-square-foot building currently used as a tasting room, with a laboratory, kitchen area, and half bath. A 400-square-foot barn has electric service, while a three-car garage supports a 770-square-foot Airbnb above with a balcony and views.
Additional improvements create a destination-oriented setting, including multiple view decks serving the home and Airbnb, plus a tennis and pickleball court and a bocce court. The property is located on SW Hillsboro Highway in Newberg, Oregon, providing a vineyard and hospitality configuration with agricultural, tasting-room, lodging, and recreational components.
Additional improvements create a destination-oriented setting, including multiple view decks serving the home and Airbnb, plus a tennis and pickleball court and a bocce court. The property is located on SW Hillsboro Highway in Newberg, Oregon, providing a vineyard and hospitality configuration with agricultural, tasting-room, lodging, and recreational components.
Key Highlights
- 3.46‑acre vineyard property with 1.76 acres of vines
- Recently planted apple trees included on the parcel
- 2,184‑square‑foot tasting‑room building with lab, kitchen area, and 1/2 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,920
$1.4M
Cap Rate 7%
$1,029,943
$1.0M
Cap Rate 9%
$801,067
$801.1K
Market Conditions
NOI Build-Up for 5,563 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$120.2K $21.60/SF
− Vacancy
−$4.8K −$0.86/SF
EGI
$115.4K $20.74/SF
− OpEx
−$43.3K −$7.78/SF
NOI
$72.1K $12.96/SF
Area
Yamhill County, OR
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,920
Cap Rate 7%
$1,029,943
Cap Rate 9%
$801,067
Alternative Uses
Best Use
Mixed Use
$1.03M
$901.2K – $1.20M
NOI $72,096 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$1.02M
$892.9K – $1.19M
NOI $71,429 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,111 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Vineyard - Agricultural acreage combines planted vines, orchard trees, hospitality space, and recreational improvements.
Where is this vineyard located?
The property is located at 21360 SW HILLSBORO HWY Newberg, OR.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: 3.46‑acre vineyard property with 1.76 acres of vines; Recently planted apple trees included on the parcel; 2,184‑square‑foot tasting‑room building with lab, kitchen area, and 1/2 bath
