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    223 23Rd St Pendleton, OR 97801

    For Sale
    $620,000

    Industrial Warehouse, 6,820 SF, 0.86 Acres

    Property size:
    6,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6,820-square-foot industrial warehouse, situated on a 0.86-acre lot at 223 SW 23RD ST in Pendleton, Oregon (zip code 97801), presents a compelling investment opportunity. Previously utilized as a Cummins Northwest Truck Repair facility, the property boasts three drive-through bays: one with a 16-foot overhead door, and two with 14-foot overhead doors. An additional space features a 9-foot overhead door. The building includes functional office space, a break room, and two bathrooms. Climate control is in place, along with ample storage. The property's layout allows for convenient vehicle circulation around the entire structure. Its strategic location offers easy access to a freeway interchange, enhancing logistical efficiency. Nearby amenities include a motel, restaurants, a shopping center, a car wash, and a Walmart, providing convenience and attracting a diverse clientele. Importantly, the property has been rezoned to C-MU (central mixed use), opening up a range of potential development options. The current tenant is on a month-to-month lease, providing flexibility for future plans. The asking price for this versatile property is $620,000.

    Property Features for 223 23Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    6,820 SF
    Lot Size
    37,462 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pendleton
    County
    Umatilla
    State
    Oregon
    Longitude
    -118.8088464
    Latitude
    45.6653413

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    FAQs

    What type of property is this?
    Distribution property - Industrial Warehouse, 6,820 SF, 0.86 Acres
    Where is this distribution property located?
    The property is located at 223 23Rd St Pendleton, OR.
    What is the asking price?
    The asking price for this property is $620,000.
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    223 23Rd St Pendleton, OR 97801
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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
    223 23Rd St Pendleton, OR 97801
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