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    Highway 402 Monument, OR 97848

    Sponsored
    For Sale
    $460,000

    118 Acres, Hwy 402, Irrigation

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 118-acre commercial property in Grant County, Oregon, presents a unique investment opportunity. Situated along Highway 402 between Monument and Kimberly, this land boasts significant water rights—an additional 96+ acres of water sourced from a seasonal spring and the North Fork of the John Day River, with a potential river access easement negotiable with the seller. The property includes a fully functional irrigation system, ready for handline or wheel line operation, with a mainline running north-south and a booster pump on the south side of Highway 402. Single-phase power runs through the center, and three-phase power is available on the eastern boundary. Previously used as a spring cow-calf allotment, the land is fully fenced. While buildability is uncertain and requires further investigation with Grant County Planning, this expansive acreage offers considerable potential for various commercial ventures. Please note that the owner will complete a property partition before the sale, following finalized due diligence. The asking price is $460,000. The property's zip code is 97848.

    Property Features for 0 Highway 402

    General Information

    Property type
    Land
    Lot Size
    5,140,080 SF

    HighLights

    • 118+/- acre commercial property in Grant County, Oregon, near Monument and Kimberly.
    • Located on Highway 402.
    • Significant water rights: 96+ acres from a spring and the North Fork John Day River (river access easement negotiable).
    • Fully functional irrigation system with single‑phase power (three‑phase available).
    • $460,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monument
    County
    Grant
    State
    Oregon
    Longitude
    -119.5580685
    Latitude
    44.7943056

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    FAQs

    What type of property is this?
    Land - 118 Acres, Hwy 402, Irrigation
    Where is this land located?
    The property is located at Highway 402 Monument, OR.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: 118+/- acre commercial property in Grant County, Oregon, near Monument and Kimberly.; Located on Highway 402.; Significant water rights: 96+ acres from a spring and the North Fork John Day River (river access easement negotiable).
    Request Owner's contact information
    Highway 402 Monument, OR 97848
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    Monument, OR 97848
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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
    Highway 402 Monument, OR 97848
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