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    Pendleton Ests Pendleton, OR 97801

    Sponsored
    For Sale
    $2,200,000

    Prime 55.95-acre Oregon commercial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity in Pendleton, Oregon, presents 55.95 acres of cleared commercial land ready for development. This expansive property boasts pre-approved plans for a 216-lot subdivision, including 18 fourplex units (72 lots) and 144 single-family home lots. Significant infrastructure is already in place, including completed engineering, a city-issued letter of completion, and a substantial $760,000 grant from the City of Pendleton dedicated to road improvements. The property features an irregular lot shape with a total area of 2,437,182 square feet and benefits from public road access. Detailed documentation and supporting materials are available. This is a rare chance to acquire a fully-entitled development site with substantial cost savings already realized through city grants and completed engineering. The asking price is $2,200,000. Located in Umatilla County, Oregon, with a Pendleton, OR 97801 zip code, this property offers unparalleled potential for significant returns. Don't miss this exceptional opportunity to capitalize on a thriving market and a well-positioned development project.

    Property Features for 0 Pendleton Ests

    General Information

    Property type
    Land
    Lot Size
    2,437,182 SF

    HighLights

    • Cleared commercial land with public road access.
    • 55.95 acres.
    • Irregularly shaped lot.
    • Pre‑approved plans for a 216‑lot subdivision (18 fourplexes, 144 single‑family lots).
    • 2,437,182 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pendleton
    County
    Umatilla
    State
    Oregon
    Longitude
    -118.7885967
    Latitude
    45.672075

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    FAQs

    What type of property is this?
    Land - Prime 55.95-acre Oregon commercial land.
    Where is this land located?
    The property is located at Pendleton Ests Pendleton, OR.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Cleared commercial land with public road access.; 55.95 acres.; Irregularly shaped lot.
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    Pendleton Ests 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
    Pendleton Ests Pendleton, OR 97801
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