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    R4415 03402 McMinnville, OR 97128

    Sponsored
    For Sale
    $1,750,000

    Prime McMinnville industrial land, ready to develop.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.77-acre industrial land parcel (APN R4415 03402) in McMinnville, Oregon (97128), presents a compelling owner-user development opportunity. Zoned M2 - General Industrial, this flat, rectangular site offers 335,412 square feet of buildable land, priced at $5.20 per square foot for a total asking price of $1,750,000. Located in Yamhill County, the property boasts convenient street frontage on both NE Riverside Drive and NE Miller Street, placing it within McMinnville's thriving industrial district, known for its high occupancy rates. Utilities are readily accessible. The property's central location offers easy access to Highway 99, enhancing logistical efficiency. The site is currently a single tax lot but can be partitioned into multiple lots, providing flexibility for various development scenarios. A wide range of industrial uses are permitted, including manufacturing, repair, compounding, fabrication, processing, packaging, and storage. Pre-fabricated materials for a 16,000 square foot industrial building are available for separate purchase. While preliminary plans exist, they are not yet city-approved. This is a rare opportunity to acquire a significant industrial land holding in a high-demand location.

    Property Features for R4415 03402

    General Information

    Property type
    Land
    Lot Size
    338,461 SF

    HighLights

    • 7.77‑acre industrial land parcel in McMinnville, OR (APN R4415 03402).
    • 335,412 square feet of buildable land, priced at $5.20/SF, totaling $1,750,000.
    • Flat, rectangular site with street frontage on NE Riverside Drive and NE Miller Street.
    • Located in McMinnville's thriving industrial district with high occupancy rates, offering easy access to Highway 99.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McMinnville
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.2842446
    Latitude
    45.1835082

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    FAQs

    What type of property is this?
    Land - Prime McMinnville industrial land, ready to develop.
    Where is this land located?
    The property is located at R4415 03402 McMinnville, OR.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 7.77-acre industrial land parcel in McMinnville, OR (APN R4415 03402).; 335,412 square feet of buildable land, priced at $5.20/SF, totaling $1,750,000.; Flat, rectangular site with street frontage on NE Riverside Drive and NE Miller Street.
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    McMinnville, OR 97128
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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
    R4415 03402 McMinnville, OR 97128
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