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    Or-18 Stayton, OR 97383

    For Sale
    $319,000

    7.18 Acres, Commercial Zoning, $319,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7.18-acre commercial parcel is strategically located in Sheridan, Oregon, offering significant development potential. Situated on Highway 18, this property boasts high visibility and convenient access. The land is zoned "C" (Commercial District) by the City of Sheridan, allowing for a diverse range of uses, including retail, office, wholesale, distribution, and certain types of manufacturing. Prospective buyers are advised to conduct their own due diligence to confirm permitted uses. The property enjoys a prime location near the Balston Road interchange, surrounded by a mix of residential and light industrial developments, ensuring a thriving and established neighborhood. Access is provided via an easement on the northwest portion of the property. The parcel's location within Sheridan city limits offers access to municipal services and infrastructure. This presents a rare opportunity to acquire a sizable commercial lot in a growing community at the foothills of the Oregon Coastal mountains, near the intersection of Highway 18 and Balston Road. The property is bordered by residential housing to the north, light manufacturing to the east, Highway 18 to the south, and a church to the west. The asking price is $319,000, and the Assessor's Parcel Number (APN) is 237906.

    Property Features for 0 Or-18

    General Information

    Property type
    Land
    Lot Size
    312,761 SF

    HighLights

    • High‑traffic highway frontage.
    • Excellent location near residential and industrial areas.
    • Conveniently located within Sheridan city limits.
    • Zoned for a wide variety of commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stayton
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.7004253
    Latitude
    44.7894335

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    FAQs

    What type of property is this?
    Land - 7.18 Acres, Commercial Zoning, $319,000
    Where is this land located?
    The property is located at Or-18 Stayton, OR.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: High-traffic highway frontage.; Excellent location near residential and industrial areas.; Conveniently located within Sheridan city limits.
    Request Owner's contact information
    Or-18 Stayton, OR 97383
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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
    Or-18 Stayton, OR 97383
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