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    510439 1300 Aurora, OR 97002

    Sponsored
    For Sale
    $7,940,250

    Prime Commercial Land, I-5 Access, EFU Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 176.45-acre parcel presents a unique investment opportunity in Aurora, Oregon. Strategically located in Marion County with convenient access to Interstate 5, this expansive, flat land boasts an Exclusive Farm Use (EFU) zoning designation. This zoning allows for a variety of commercial uses directly related to agricultural operations. Permitted projects include, but are not limited to, equipment sales and storage facilities, auction yards, equipment repair shops, parking areas, and even manufacturing facilities, provided they are directly tied to farm-related activities. The property's significant size offers considerable development potential, while its prime location ensures excellent visibility and accessibility. Currently, a farm lease is in place, generating existing income. This large, contiguous property is ideal for investors seeking a substantial land holding with flexible commercial development options in a rapidly growing area. The asking price is $7,940,250. The property's address is 4-1W-10 510438 500 / 4-1W-03 510439 1300, Aurora, OR 97002.

    Property Features for 510439 1300

    General Information

    Property type
    Land
    Lot Size
    7,686,162 SF

    HighLights

    • Large contiguous land parcel.
    • Excellent I‑5 freeway access.
    • Level topography.
    • Existing farm lease.
    • Permitted commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aurora
    County
    Marion
    State
    Oregon
    Longitude
    -122.7993177
    Latitude
    45.257377

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, I-5 Access, EFU Zoning
    Where is this land located?
    The property is located at 510439 1300 Aurora, OR.
    What is the asking price?
    The asking price for this property is $7,940,250.
    What are key features of this property?
    This property features: Large contiguous land parcel.; Excellent I-5 freeway access.; Level topography.
    (503) 577-5650
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    510439 1300 Aurora, OR 97002
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    Aurora, OR 97002
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    Realmo Value Estimation

    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.

    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.

    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
    510439 1300 Aurora, OR 97002
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