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    600 Elm St Forest Grove, OR 97116

    Sponsored
    For Sale
    $16,814,160

    Prime Oregon industrial land, shovel-ready, city incentives.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 38.6-acre parcel at 600 Elm Street, Forest Grove, Oregon (97116), presents a unique opportunity for industrial development. Zoned for Business Industrial Park (BIP), this property offers significant flexibility for a variety of uses, including call centers, data centers, research and development facilities, manufacturing plants, and warehousing operations. The land is conveniently located within the city limits of Forest Grove, Washington County, and boasts a relatively flat topography, eliminating costly site preparation. Importantly, this site is outside the 100-year floodplain and contains no wetlands, minimizing environmental concerns and expediting the development process. Public utilities are readily accessible, further streamlining construction. This shovel-ready site has been designated as such by Business Oregon, and is situated within the City of Forest Grove Enterprise Zone, making it eligible for attractive financial incentives. The asking price is $16,814,160, translating to a land value of $10 per square foot. This represents a compelling investment opportunity in a desirable location with significant development potential. The property's advantageous features and strategic location make it an ideal choice for businesses seeking a prime industrial site in Oregon.

    Property Features for 600 Elm St

    General Information

    Property type
    Land
    Lot Size
    1,681,416 SF

    HighLights

    • Located within the City of Forest Grove city limits.
    • Situated outside the 100‑year floodplain.
    • No wetlands on the property.
    • Features relatively flat terrain.
    • Public utilities are readily accessible.
    • Designated as a Business Oregon shovel‑ready site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Grove
    County
    Washington
    State
    Oregon
    Longitude
    -123.1033741
    Latitude
    45.5084825

    Nearby Comparable

    • New
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      Historic Forest Grove Multi-Family Property

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      Retail Space Near Pacific University

      Retail property with high visibility near Pacific University.
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      Development Opportunity in Forest Grove

      Development opportunity in Forest Grove's Town Center with potential SDC credits.
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      Charming Forest Grove Condo

      Meticulously maintained 2-story condo with modern amenities and convenient location.
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      Downtown Forest Grove Leased Building

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    • Contact for pricing

      West Side Industrial Land

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      Cornelius, OR: 40 Acres Riverfront Estate

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      Commercial Land Prime Location

      Commercial land with Community Commercial zoning in prime location.
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      Forest Grove Commercial Land - 9.69 Acres

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    Nearby Similar for Sale

    • New
      $959,000
      0.30 Acres

      Historic Forest Grove Multi-Family Property

      Historic Italianate home with modern ADU in Oregon wine country.
      1938 16Th Ave, Forest Grove, OR 97116
      View Details
    • $325,000

      Charming Forest Grove Condo

      Meticulously maintained 2-story condo with modern amenities and convenient location.
      2025 Elm St, Forest Grove, OR 97116
      View Details
    • $169,900

      Remodeled Home in Quiet Community

      3-bedroom, 2-bath manufactured home with modern kitchen and fenced yard.
      3831 Pacific Ave, Forest Grove, OR 97116
      View Details
    • $2,500,000
      10,268 SF

      Downtown Forest Grove Leased Building

      Restaurant, bar, stage, dance floor, and arcade included.
      1927 21St Ave, Forest Grove, OR 97116
      View Details
    • $775,000
      3,936 SF

      Retail Space Near Pacific University

      Retail property with high visibility near Pacific University.
      1904 Elm St, Forest Grove, OR 97116
      View Details
    • $1,100,000
      5,055 SF

      Downtown Forest Grove Storefront

      High-Income Retail Investment
      1822 21St Ave, Forest Grove, OR 97116
      View Details
    • $1,950,000
      11,921 SF

      2221 Yew St

      Manufacturing properties • 11,921 SF
      2221 Yew St, Forest Grove, OR 97116
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    FAQs

    What type of property is this?
    Land - Prime Oregon industrial land, shovel-ready, city incentives.
    Where is this land located?
    The property is located at 600 Elm St Forest Grove, OR.
    What is the asking price?
    The asking price for this property is $16,814,160.
    What are key features of this property?
    This property features: Located within the City of Forest Grove city limits.; Situated outside the 100-year floodplain.; No wetlands on the property.
    Request Owner's contact information
    600 Elm St Forest Grove, OR 97116
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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
    600 Elm St Forest Grove, OR 97116
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