Warehouse with Active Railroad
73541 HWY 331, Pendleton, OR 97801
For Sale
Contact for pricing
6,000 SF warehouse with active rail access for sale.
Property Size6,000 SF
Lot Size5.00 Acres
Price / SF$95.83
Days on Market900
Property Features for 73541 HWY 331
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Units
Listing Agency:
Oregon Trail Realty
Listed By:
Candy Bowman · License OR #970900258
(541) 786-3164
Source:
Crexi
Added: May 28, 2024
Changed: Nov 9
Last Checked: Nov 12 at 8:20AM
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 Oregon Trail Realty
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Investment Insights
Based on property information with market context.
This 6,000 square foot warehouse is available for sale or lease. It features a flat roof, concrete floor, and an active 1/4 mile railroad spur. Three-phase electricity is available. The property offers easy access from I-84. It is located in a rural area near a friendly community and is zoned AG-4 Agri Business. The property is situated on five acres alongside the main railroad spur. It is located on Tribal Land. The warehouse is suitable for logistics, distribution, manufacturing, or storage, offering a great opportunity for growth and efficiency for businesses requiring direct rail access.
Key Highlights
- Active 1/4 Mile Railroad Spur
- 6,000 Sq Ft Warehouse with Concrete Floor
- Easy Access from I‑84
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,962
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,240
$859.2K
Cap Rate 7%
$613,743
$613.7K
Cap Rate 9%
$477,356
$477.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$54.0K $9.00/SF
− Vacancy
−$3.5K −$0.58/SF
EGI
$50.5K $8.42/SF
− OpEx
−$7.6K −$1.26/SF
NOI
$43.0K $7.16/SF
Area
Umatilla County, OR
Vacancy
6.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,240
Cap Rate 7%
$613,743
Cap Rate 9%
$477,356
Alternative Uses
Best Use
Warehouse
$613.7K
$537.0K – $716.0K
NOI $42,962 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,921 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Northwest Grain Growers — Pendleton, OR 97801
Frequently Asked Questions
What type of property is this?
Warehouse - 6,000 SF warehouse with active rail access for sale.
Where is this warehouse located?
The property is located at 73541 HWY 331 Pendleton, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Active 1/4 Mile Railroad Spur; 6,000 Sq Ft Warehouse with Concrete Floor; Easy Access from I‑84
