Motel
For Sale
Contact for pricing
325 SE Nye Ave, Pendleton, OR 97801
Built in 1980, this hospitality property is located in Pendleton, Oregon.
Property Size25,230 SF
Price / SF$178.36
Days on Market130
Property Features for 325 SE Nye Ave
General Information
Standard status
Active
Size
25,230 SF
Class
C
Property subtype
Hospitality
Investment Type
Owner/User
Building Details
Year Built
1980
Stories
2
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Mitchell Glasson · License #02016029
Source:
Crexi
Added: Jun 8
Changed: Sep 29
Last Checked: Oct 14 at 11:58PM
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 Matthews
Investment Insights
Based on property information with market context.
This motel property is located at 325 SE Nye Ave in Pendleton, Oregon, and was built in 1980. The asset is positioned within a city that functions as a commercial and cultural center for Eastern Oregon.
Pendleton sits along Interstate 84 between Portland and Boise, providing regional access across the Columbia Plateau. The local economy includes agriculture, food processing, logistics, healthcare, manufacturing, tribal enterprises, and government services. Tourism is supported by the city’s historic downtown, rodeo heritage, and outdoor recreation offerings. Regional transportation infrastructure includes interstate and rail connections, while ongoing airport and industrial improvements contribute to Pendleton’s role as a service and distribution node.
Pendleton sits along Interstate 84 between Portland and Boise, providing regional access across the Columbia Plateau. The local economy includes agriculture, food processing, logistics, healthcare, manufacturing, tribal enterprises, and government services. Tourism is supported by the city’s historic downtown, rodeo heritage, and outdoor recreation offerings. Regional transportation infrastructure includes interstate and rail connections, while ongoing airport and industrial improvements contribute to Pendleton’s role as a service and distribution node.
Key Highlights
- Motel property built in 1980
- Located at 325 SE Nye Ave, Pendleton, OR 97801
- Pendleton is positioned along Interstate 84 between Portland and Boise
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,293
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,145,860
$3.1M
Cap Rate 7%
$2,247,043
$2.2M
Cap Rate 9%
$1,747,700
$1.7M
Market Conditions
NOI Build-Up for 25,230 SF
Gross rent
$378.5K $15.00/SF
− Vacancy
−$47.3K −$1.88/SF
EGI
$331.1K $13.13/SF
− OpEx
−$173.9K −$6.89/SF
NOI
$157.3K $6.23/SF
Area
Umatilla County, OR
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,145,860
Cap Rate 7%
$2,247,043
Cap Rate 9%
$1,747,700
Alternative Uses
Best Use
Hotel Hospitality
$2.25M
$1.97M – $2.62M
NOI $157,293 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,706 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
Median Home Value
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Similar Off Market Nearby
- Hampton Inn Pendleton — 101 SW Nye Ave, Pendleton, OR 97801
- Red lion hotel — 212 sw kirk ave, pendleton, or 97801
- Red Lion Hotel Pendleton — 304 SE Nye Ave, Pendleton, OR 97801
- Best Western Pendleton Inn — 400 SE Nye Ave, Pendleton, OR 97801
- Motel 6 Pendleton, OR — 325 SE Nye Ave, Pendleton, OR 97801
Frequently Asked Questions
What type of property is this?
Motel - Built in 1980, this hospitality property is located in Pendleton, Oregon.
Where is this motel located?
The property is located at 325 SE Nye Ave Pendleton, OR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Motel property built in 1980; Located at 325 SE Nye Ave, Pendleton, OR 97801; Pendleton is positioned along Interstate 84 between Portland and Boise
