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    Cullen Rd Newberg, OR 97132

    Sponsored
    For Sale
    $550,000

    1.85 Acres, Residential Zoning, $550,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.85-acre parcel presents a compelling investment opportunity in Newberg, Oregon. Located within the city's Urban Growth Boundary, this level lot boasts picturesque views of surrounding hazelnut orchards. The property is zoned VLDR-1, offering significant residential development potential. Its convenient location, approximately 290 feet from city limits, provides easy access to local amenities. Less than a mile away are Chehalem Valley Middle School and Jaquith Park, enhancing its appeal for families and community-minded developers. The property's proximity to downtown Newberg and the renowned Oregon wine country adds further value, offering potential for both residential and related commercial development. The asking price is $550,000. The Assessor's Parcel Number (APN) is 506719. Buyers are responsible for conducting their own due diligence regarding intended use and associated development costs. This rare offering presents a unique chance to capitalize on the thriving Newberg market and create a valuable residential development. The property is situated at NE Cullen Rd, Newberg, OR 97132, in Yamhill County.

    Property Features for 0 Cullen Rd

    General Information

    Property type
    Land
    Lot Size
    80,586 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.990628
    Latitude
    45.3235896

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    FAQs

    What type of property is this?
    Land - 1.85 Acres, Residential Zoning, $550,000
    Where is this land located?
    The property is located at Cullen Rd Newberg, OR.
    What is the asking price?
    The asking price for this property is $550,000.
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    Cullen Rd Newberg, OR 97132
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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
    Cullen Rd Newberg, OR 97132
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