Oregon Cranberry Farm and
54983 Morrison Rd Bandon, OR 97411
54983 Morrison Rd, Bandon, OR, 97411
Contact for pricing
For Sale
Contact for pricing
Pending
Premier cranberry operation with processing facility and residences in Bandon, Oregon.
Property Size20,000 SF
Lot Size56.80 Acres
Days on Market754
Property Features for 54983 Morrison Rd
General Information
- Standard status
- Pending
- Size
- 20,000 SF
- Lot size
- 56.80 Acres
- Property subtype
- Business for Sale, Special Purpose
Listing Agency
Berkshire Hathaway HomeServices Northwest Real Estate
(503) 708-4663
Listed by
Brett Veatch · License #890500238
Source
Crexi
Added: Jun 27, 2024 Checked: Jul 19 at 8:05 am
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 Berkshire Hathaway HomeServices Northwest Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Oregon's premier cranberry growing area in Bandon, this top-quality cranberry operation is set on the Southern Oregon Coast, benefiting from a long growing season and plentiful water supply. The property features 56.8 acres of cranberry bogs that produce over 1 million pounds of cranberries annually. Included is a 20,000+ square foot processing facility equipped with state-of-the-art equipment for cleaning, packing, and shipping. This facility processes over 4 million pounds of cranberries per year, with the capacity to handle up to 13 million pounds. The processing plant includes on-site water treatment, three offices, and potential for a gift shop. A truck scale weighs incoming fruit, which is received at the front of the facility. A truck dock and large shipping/storage yard facilitate efficient off-site movement of cleaned fruit. The main residence, a custom-crafted Victorian-style home with over 10,000 square feet, is set on a gentle knoll overlooking the farm. An additional residence can serve as guest quarters or a farm manager's residence. The property includes 5 reservoirs with water storage rights for irrigation and bog flooding during harvest, along with multiple irrigation wells with 4 pump-houses and multiple residential wells for potable water. An adjacent 80-acre parcel is available for further expansion. Cranberries are the main crop, and the Southern Oregon Coast offers beaches and coastline for fishing, boating, hunting, hiking, and biking.
Key Highlights
- High‑yield cranberry operation: 56.8 acres producing over 1 million pounds annually.
- Large processing facility: Over 20,000 sq ft, processing 4 million pounds annually with 13 million pound capacity.
- State‑of‑the‑art processing equipment and on‑site water treatment.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.0k | $12.00 |
| − Vacancy | −$9.3k | −$0.47 |
| EGI | $230.7k | $11.53 |
| − OpEx | −$69.2k | −$3.46 |
| NOI | $161.5k | $8.07 |
20,000 SF · lease $12.00/SF/yr · vacancy 3.89% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.31M
$2.02M – $2.69M
NOI $161,465 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,440 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Farm - Premier cranberry operation with processing facility and residences in Bandon, Oregon.
Where is this farm located?
The property is located at 54983 Morrison Rd Bandon, OR.
What is the asking price?
The asking price for this property is $5,490,000.
What are key features of this property?
This property features: High‑yield cranberry operation: 56.8 acres producing over 1 million pounds annually.; Large processing facility: Over 20,000 sq ft, processing 4 million pounds annually with 13 million pound capacity.; State‑of‑the‑art processing equipment and on‑site water treatment.
