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    Canyon Rd Sheridan, OR 97378

    Sponsored
    For Sale
    $895,000

    Oregon Timber & Farmland Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 80-acre property in Yamhill County, Oregon, presents a unique investment opportunity. Located just outside Sheridan (97378), on SW Canyon Rd, this agricultural and timber parcel boasts stunning views of the valley, mountains, and nearby vineyards. The land is zoned EFU and includes a nearly-new, spacious shop building with potential for a permitted apartment. Utilities are already in place, including well water, septic, and power. An RV parking pad and additional RV storage within the shop are also available. The property features a natural-fed pond and stream providing nearly year-round water access. A forest management plan is in place for the fully stocked timber, offering both immediate and future income potential from marketable timber and new growth. Adjacent to the J. Wrigley vineyard, there's potential for developing 10-15 acres for additional vineyard planting. Enjoy the peace and privacy of this secluded location, yet remain minutes from the conveniences of Sheridan. This property offers a blend of recreational enjoyment, agricultural potential, and timber investment, making it an ideal opportunity for a variety of uses. The latitude and longitude coordinates are 45.1154851, -123.39736. The asking price is $895,000.

    Property Features for 0 Canyon Rd

    General Information

    Property type
    Agricultural land
    Lot Size
    3,484,800 SF

    HighLights

    • $895,000 asking price.
    • 80‑acre agricultural, farm, and timber property in Sheridan, Oregon.
    • EFU zoning.
    • Includes a nearly‑new shop building with potential for a permitted apartment, well, septic, and power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sheridan
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.39736
    Latitude
    45.1154851

    Nearby Comparable

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    Nearby Similar for Sale

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    • $285,000

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      Mixed-use building, prime location.
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    FAQs

    What type of property is this?
    Agricultural land - Oregon Timber & Farmland Investment
    Where is this agricultural land located?
    The property is located at Canyon Rd Sheridan, OR.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: $895,000 asking price.; 80-acre agricultural, farm, and timber property in Sheridan, Oregon.; EFU zoning.
    Request Owner's contact information
    Canyon Rd Sheridan, OR 97378
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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.

    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
    Canyon Rd Sheridan, OR 97378
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