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    Of Main St Banks, OR 97106

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    For Sale
    Contact for pricing

    Prime Banks industrial land; development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.91-acre parcel presents a rare industrial development opportunity in Banks, Oregon. Located west of Main Street, this property boasts an Industrial Overlay designation, facilitating seamless project implementation. Annexed to the city in 2017, the land offers convenient access via Wilkes Street and enjoys proximity to essential utilities situated on Northwest Main Street. The gently sloping topography simplifies development, while the strategic location provides quick access to Highway 6, placing it within minutes of Hillsboro, North Plains, Beaverton, and Forest Grove. This site, while not yet formally zoned industrial, holds an Industrial Sanctuary designation within the Comprehensive Plan, paving the way for future industrial uses. The land is priced at $5 per square foot, making it a compelling investment in a thriving submarket served by the Banks School District. Water and sewer services are readily available through the Banks Water District on Northwest Main Street. This is a truly unique opportunity to acquire a substantial, well-positioned industrial land parcel in a rapidly growing area.

    Property Features for 0 Of Main St

    General Information

    Property type
    Land
    Lot Size
    475,240 SF

    HighLights

    • Rarely available 10.91‑acre industrial land parcel.
    • City annexation completed in 2017.
    • Industrial Overlay zoning designation.
    • Access via Wilkes Street; utilities available on NW Main Street.
    • Excellent Highway 6 access; minutes to Hillsboro, North Plains, Beaverton, and Forest Grove.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Banks
    County
    Washington
    State
    Oregon
    Longitude
    -123.1144376
    Latitude
    45.6141625

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    FAQs

    What type of property is this?
    Land - Prime Banks industrial land; development opportunity.
    Where is this land located?
    The property is located at Of Main St Banks, OR.
    What are key features of this property?
    This property features: Rarely available 10.91-acre industrial land parcel.; City annexation completed in 2017.; Industrial Overlay zoning designation.
    Request Owner's contact information
    Of Main St Banks, OR 97106
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    Banks, OR 97106
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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
    Of Main St Banks, OR 97106
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