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    Riverfront Event Estate with Residence Title is generated by Realmo AI

    23090 YAMHILL RIVER RD, Willamina, OR 97396

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    Fourteen-acre estate on the Yamhill River with an event venue, residence, and multiple on-site accommodations.

    Type:Hospitality, Land, Business for Sale
    Property size:
    8,362 SF
    Lot size:
    14.00 Acres
    Price / SF:
    $203/SF
    Added:
    Jun 30, 2026
    Days on Market:
    7
    Last Refresh:
    Jul 4 at 3:23 am

    Property Features for 23090 YAMHILL RIVER RD

    General Information

    Standard status
    Active
    Size
    8,362 SF
    Lot size
    14.00 Acres
    Property subtype
    Hospitality, Land, Business for Sale

    Building Details

    Year Built
    2003

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    Brett Veatch
    Brett Veatch

    Listing office Berkshire Hathaway HomeServices Northwest Real Estate

    Listing date Jun 30, 2026

    Source Crexi

    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 Berkshire Hathaway HomeServices Northwest Real Estate

    HighLights

    • 14‑acre Yamhill Riverfront estate with more than 1,400 ft of river frontage and two ponds
    • 4,200 SF event venue with expansive garden views and a covered riverside banquet area for outdoor dining
    • Approved for weddings, corporate retreats, and special events; venue includes 3 additional bathrooms
    • Includes a 2,078 SF riverfront residence (2 bed, 2 bath), plus a separate 2‑bedroom, 1‑bath cottage and a studio with full bath
    • Above the event center is a spacious art studio with potential to convert to a two‑bedroom apartment
    • On‑site outbuildings include large lean‑to storage, 7‑bay tractor shed, grooms quarters, potting shed, and tool shed

    Overview

    Set on 14 acres along the Yamhill River, this riverfront estate is built around a 4,200-square-foot event venue with expansive garden views and a covered riverside banquet area for outdoor dining and gatherings. The property also includes a 2,078-square-foot riverfront residence with 2 bedrooms and 2 bathrooms, a separate 2-bedroom, 1-bath cottage, and a studio with a full bath currently suited for short-term rental use. For event operations, the venue has three additional bathrooms to support larger groups. Above the event center is an art studio with sky lights, offering potential conversion to a two-bedroom apartment.

    The setting features mature landscaping, serene river views, and over 1,400 feet of river frontage. The estate is approved for weddings, corporate retreats, and special events. Additional amenities and utilities include valuable water rights and two ponds, plus several outbuildings such as a large lean-to for storage, a 7-bay tractor shed, grooms quarters, a potting shed, and a tool shed.

    This configuration can serve as a turnkey event operation with on-site guest accommodations, while also supporting personal use with a full residence and auxiliary lodging. The short-term rental–suited studio adds flexibility for supplementary income, and the additional outbuildings provide practical storage and workspace for event and property operations.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $205.7k $24.60
    − Vacancy −$10.5k −$1.25
    EGI $195.2k $23.35
    − OpEx −$87.8k −$10.51
    NOI $107.4k $12.84
    8,362 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.53M
    $1.34M – $1.79M (±1% cap)
    NOI $107,368 @ 7.0% cap · market cap 6.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.26M
    $1.97M – $2.63M (±1% cap)
    NOI $157,998 @ 7.0% cap · market cap 9.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Navarra Gardens Gym & Fitness Center

    Suggested Use

    Storage Facility Hotel & Motel Department Store Building Supply Auto Repair Shop Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Willamina
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.502396
    Latitude
    45.049633

    FAQs

    What type of property is this?
    Wedding venue - Fourteen-acre estate on the Yamhill River with an event venue, residence, and multiple on-site accommodations.
    Where is this wedding venue located?
    The property is located at 23090 YAMHILL RIVER RD Willamina, OR.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 14‑acre Yamhill Riverfront estate with more than 1,400 ft of river frontage and two ponds; 4,200 SF event venue with expansive garden views and a covered riverside banquet area for outdoor dining; Approved for weddings, corporate retreats, and special events; venue includes 3 additional bathrooms
    (503) 708-4663 Call to check price and availability
    More about this property
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