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    Riverfront Resort & RV Park Title is generated by Realmo AI

    46725 GOODPASTURE Rd, Vida, OR 97488

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    New
    For Sale
    $2,000,000

    MULTI_FAMILY - Vida, OR

    Lot size:
    10.43 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 46725 GOODPASTURE Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RC
    Bedrooms
    6
    Bathrooms
    7
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 3
    Standard status
    Active
    APN
    1176724
    Lot size
    10.43 Acres

    Taxes and HOA fees

    Tax Description
    17-25-02-10-00600
    Tax Annual Amount
    9389

    Utilities

    Heating system
    Forced Air
    Cooling system
    Heat Pump
    Water front features
    River Front, Creek

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    5
    Roof type
    Metal, Membrane

    We can help!

    Listing Contact
    Jonathan Locke

    Listing agent Jonathan Locke

    Listing office ICON Real Estate Group 2655 Willamette St, Springfield, OR

    Listing date Jun 4, 2026

    MLS# 124472306 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

    • Wayfarer Resort sits on a 10.5‑acre property with river frontage on the McKenzie River and creek frontage on Marten Creek
    • Multiple accommodation types include an 1,800 SF 3 bed/2 bath octagon home, a 2 bed cabin, a 1 bed river‑view apartment, and 2 creek‑front studios
    • 3 luxury waterfront RV spaces with full hookups, plus 7 additional graded build‑ready sites with power, water, and septic
    • Upgrades in recent years include HVAC, bathrooms, flooring, paint, fixtures, new ADA bath/shower, PEX pipes, and updated electrical lines and panels
    • Property improvements include septic systems and irrigation, with docks, beaches, swimming spots, and several wedding/party sites on‑site
    • Year built 1984 with forced air heating, heat pump cooling, and metal and membrane roofing

    Overview

    Wayfarer Resort is a multi-accommodation hospitality property on a 10.43-acre parcel that borders the McKenzie River to the north, Marten Creek to the east, and a private pond to the west. Accommodations include an 1,800 SF octagon-shaped 3-bedroom, 2-bath home, a 2-bedroom cabin, a 1-bedroom river-view apartment, 2 creek-front studios, and 3 luxury waterfront RV spaces with full hookups. On-site amenities include lush lawns and gardens, sport courts, play areas, docks, beaches, swimming spots, and several wedding and party sites.

    Recent updates are noted throughout the property, including HVAC, bathrooms, flooring, paint, and fixtures in certain cabins. Additional improvements include a new ADA bath/shower, a laundry facility, PEX plumbing, electrical lines and panels, septic system upgrades, and irrigation. Beyond the existing cabins and RV sites, the property includes 7 sites with power, water, and septic that are graded and ready to build, as well as 4 additional approved build sites. The property is zoned RC.

    This offering is well suited for an owner-operator seeking a turn-ready resort environment with multiple lodging types and on-site gathering spaces, along with room for additional development using the graded and approved build sites. The mix of accommodations and waterfront recreation-oriented setup supports a guest-ready operation under one property plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Resorts

    Suggested Use

    Hotel & Motel Arcade & Gaming Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vida
    County
    Lane
    State
    Oregon
    Longitude
    -122.530765
    Latitude
    44.125784

    Nearby Similar for Sale

    • $2,250,000

      Thriving Bed and Breakfast Opportunity

      Turnkey bed and breakfast on the McKenzie River.
      49198 MCKENZIE Hwy, Vida, OR 97488
      View Details
    • $2,250,000
      1,554 SF

      McKenzie River Lodge Bed & Breakfast

      Thriving bed and breakfast on the McKenzie River in Vida, Oregon.
      49198 McKenzie Highway, Vida, OR 97488
      View Details

    FAQs

    What type of property is this?
    Resort - Multi-accommodation resort with cabins, apartments, and waterfront RV spaces on the McKenzie River, plus graded expansion-ready sites.
    Where is this resort located?
    The property is located at 46725 GOODPASTURE Rd Vida, OR.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Wayfarer Resort sits on a 10.5‑acre property with river frontage on the McKenzie River and creek frontage on Marten Creek; Multiple accommodation types include an 1,800 SF 3 bed/2 bath octagon home, a 2 bed cabin, a 1 bed river‑view apartment, and 2 creek‑front studios; 3 luxury waterfront RV spaces with full hookups, plus 7 additional graded build‑ready sites with power, water, and septic
    (541) 579-4566
    We can help!
    Listing Contact
    Jonathan Locke
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    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.

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