Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newberg Industrial Land Assembly Title is generated by Realmo AI

    305 N Springbrook Rd, Newberg, OR 97132

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.91-acre industrial land in Newberg, Oregon with tax incentives.

    Type:Land
    Lot size:
    8.91 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    95
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 305 N Springbrook Rd

    General Information

    Standard status
    Active
    Lot size
    8.91 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    PHILIP HIGGINS

    Listing agent PHILIP HIGGINS License #960900059

    Listing office PacificCrest Real Estate Advisors

    Listing date Feb 11, 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 PacificCrest Real Estate Advisors

    HighLights

    • Dual Tax Incentives: Oregon Enterprise Zone and Federal Qualified Opportunity Zone offer significant savings.
    • Shovel‑Ready Development Status: Clean Phase 1 environmental assessment and flat topography enable immediate construction.
    • Strategic Location: Approximately 10 miles from I‑5 and 35 miles from Portland International Airport.
    • M‑1 Industrial Zoning: Suitable for a wide range of uses.
    • 8.91‑Acre Land Assembly: Three contiguous tax lots totaling 388,119 SF with dual road frontage offer flexible development options.
    • Strong City Support: Annexation by City of Newberg.

    Overview

    This premier 8.91-acre industrial land assembly is located in Newberg, Oregon. The property offers a combination of shovel-ready development status, dual tax incentives, and a strategic Willamette Valley location. The site consists of three contiguous tax lots totaling 388,119 square feet with M-1 Industrial zoning. The site features flat topography, dual road frontage, and utility access. A clean Phase 1 environmental assessment enables immediate development. The property is located approximately 10 miles from I-5 (Donald Exit 278) and 35 miles from Portland International Airport, providing connectivity to regional and international markets. The property qualifies for Oregon Enterprise Zone benefits, offering a 3-5 year property tax exemption on new construction, additions, and equipment. It also has a Federal Qualified Opportunity Zone designation, providing capital gains tax deferral until 2026 and potential permanent exclusion of QOZ investment gains if held for over 10 years. The 1.0-acre parcel currently in Yamhill County will be annexed by the City of Newberg. Newberg hosts a manufacturing ecosystem led by DCI International, A-dec Inc., Precision Castparts Corp., HP Inc., and Cascade Steel Rolling Mills. The location offers access to Portland metro's skilled workforce and infrastructure. It is ideal for advanced manufacturing, food/beverage processing, distribution/logistics, technology R&D campus, industrial flex, or build-to-suit development. The scalable configuration allows for a single-user campus or phased development strategies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DCI Edge Department Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.9482934
    Latitude
    45.3021158

    Nearby Similar for Sale

    • $999,999
      3,728 SF

      Modern Townhomes in Newberg

      Updated 4-plex with income potential in a quiet neighborhood.
      1552 E 3RD St, Newberg, OR 97132
      View Details
    • $3,950,000

      Newberg Development Opportunity: 7.2 Acres

      7.2-acre development opportunity in Newberg's growth area.
      3312 E FERNWOOD Rd, Newberg, OR 97132
      View Details
    • $2,600,000
      3,000 SF

      Vintage Square Center For Sale

      Retail investment opportunity with staggered lease expirations in Newberg.
      2316 E Portland Rd, Newberg, OR 97132
      View Details
    • $189,900

      Newberg Land Ready to Build

      Land in Newberg, ready for duplex or common wall.
      3rd St, Newberg, OR 97132
      View Details
    • $860,200

      Scenic 10-Acre Lot with Views

      10.13-acre lot in Newberg, OR with Mt. Hood views.
      23129 SW JAQUITH Rd, Newberg, OR 97132
      View Details
    • $499,000

      Expansive Land Parcel in Newberg

      1.85-acre parcel near Newberg city limits with development potential.
      NE Cullen Rd, Newberg, OR 97132
      View Details
    • $189,000

      Residential Land in Newberg, Oregon

      Residential land suitable for duplex development in Newberg, Oregon.
      3rd St, Newberg, OR 97132
      View Details
    • $1,995,000
      6,268 SF

      Office-Retail Investment Property on 99W

      Well-maintained investment property with long-term tenants in a prominent location.
      2911 Portland Rd, Newberg, OR
      View Details
    • $2,300,000
      6,330 SF

      Historic Newberg Office Building For Sale

      Iconic Romanesque building in historic downtown Newberg with on-site parking.
      700 E 1st St, Newberg, OR 97132
      View Details
    • $2,399,000
      12,743 SF

      Newberg Townhome Community Near University

      Well-maintained townhomes near George Fox University with expansion potential.
      615-629 N Elliott Rd, Newberg, OR 97132
      View Details
    • $1,149,000

      Entitled Land Parcel For Sale

      0.82 acre parcel, zoned C-2, entitled for 28-unit multi-family.
      Haworth Ave & N Springbrook Rd, Newberg, OR
      View Details
    • $1,995,000
      6,268 SF

      Leased Office/Retail Complex For Sale

      Fully leased office and retail complex in Newberg, Oregon.
      2913 Portland Rd, Newberg, OR
      View Details

    FAQs

    What type of property is this?
    Industrial land - 8.91-acre industrial land in Newberg, Oregon with tax incentives.
    Where is this industrial land located?
    The property is located at 305 N Springbrook Rd Newberg, OR.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Dual Tax Incentives: Oregon Enterprise Zone and Federal Qualified Opportunity Zone offer significant savings.; Shovel‑Ready Development Status: Clean Phase 1 environmental assessment and flat topography enable immediate construction.; Strategic Location: Approximately 10 miles from I‑5 and 35 miles from Portland International Airport.
    (503) 793-9039 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    PHILIP HIGGINS
    Real Estate License ID: 960900059
    Learn More
    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
    305 N Springbrook Rd, Newberg, OR 97132
    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!