Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Picturesque Land with Mountain Views Title is generated by Realmo AI

    222 N BEAR CREEK Rd, Wallowa, OR 97885

    View on Map
    Claim this Listing
    New
    For Sale
    $349,000

    LAND - Wallowa, OR

    Lot size:
    8.12 Acres
    Added:
    May 23, 2026
    Days on Market:
    5
    Last Refresh:
    May 27 at 9:06 pm

    Property Features for 222 N BEAR CREEK Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    5823
    Lot size
    8.12 Acres

    Taxes and HOA fees

    Tax Description
    01N421500 tax lot #100
    Tax Annual Amount
    806

    We can help!

    Listing Contact
    Larrena Overton

    Listing agent Larrena Overton License #201238147

    Listing office Wallowa Mountain Properties 309 S River St Ste D, OR

    Listing date May 23, 2026

    MLS# 278657394 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8+ acres with mountain views and a large pond
    • Water rights and a year‑round creek
    • Power at the end of the driveway and a new rock driveway
    • Fully fenced property offering privacy
    • Approved for a septic system
    • Minutes from downtown Wallowa and trailheads in the Eagle Cap Wilderness

    Overview

    This 8.12-acre property in Wallowa County offers a blend of country living and natural beauty. Located just outside the city limits of Wallowa, the acreage features mountain views and a large pond. A year-round creek flows through the property, which also includes power at the end of the driveway and a new rock driveway. The fully fenced property offers privacy and potential to build a dream home, hobby farm, or private retreat. Water rights are included. An old barn is located on the property. The welcoming driveway leads into the property. The location provides convenient access to downtown Wallowa and outdoor recreation opportunities, including trailheads in the Eagle Cap Wilderness. The property has approval for a septic system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallowa
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.543727
    Latitude
    45.573404

    Nearby Similar for Sale

    • $579,000
      2,880 SF

      Bear Creek Frontage Acreage Property

      Retreat property with shop, creek frontage, and views.
      70452 Bear Creek Rd, Wallowa, OR 97885
      View Details
    • $89,000

      Commercial Land in Wallowa, Oregon

      Buildable commercial double lot in high-traffic location.
      108 S MADISON St, Wallowa, OR 97885
      View Details
    • $249,000

      Wallowa Land with Irrigation Rights

      5-acre Wallowa land parcel with irrigation rights and views.
      Upper Diamond Lane, Wallowa, OR 97885
      View Details
    • $99,500

      Wallowa Land in Town Center

      Two lots in Wallowa's heart, ready for your vision.
      101 S PINE St, Wallowa, OR 97885
      View Details
    • $1,599,000

      Wallowa Riverfront Homesite Ranch

      Scenic riverfront property with agricultural potential and homesite setting.
      69923 Warnock Road, Wallowa, OR 97885
      View Details
    • $1,408,000

      Oregon Land with Timber

      Large acreage in Wallowa County, ideal for recreation.
      Sickfoot Road, Wallowa, OR 97885
      View Details
    • $485,000

      Wallowa River Recreational Land

      192+/- acre recreational property with Wallowa River frontage.
      Smith Mountain Rd, Wallowa, OR
      View Details
    • $350,000

      Recreational Land with Rustic Cabin

      80 acres of timberland with a 228 SF cabin.
      Cabin, Wallowa, OR 97885
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 8+ acres with pond, creek, and mountain views near town.
    Where is this agricultural land / farmland located?
    The property is located at 222 N BEAR CREEK Rd Wallowa, OR.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 8+ acres with mountain views and a large pond; Water rights and a year‑round creek; Power at the end of the driveway and a new rock driveway
    (541) 910-0508
    We can help!
    Listing Contact
    Larrena Overton
    Real Estate License ID: 201238147
    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
    222 N BEAR CREEK Rd, Wallowa, OR 97885
    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!