Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    LITTLE JACK FALLS Rd Rainier, OR 97048

    View on Map
    Claim this Listing
    For Sale
    $195,000

    LAND - Rainier, OR

    Lot size:
    2.87 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    381
    Last Refresh:
    May 6 at 12:06 pm

    Property Features for LITTLE JACK FALLS Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR-5
    Standard status
    Active
    APN
    19928
    Lot size
    2.87 Acres

    Taxes and HOA fees

    Tax Description
    SEC 26 TWN 7N RNG 2W & 7N 2W26-D0-1602
    Tax Annual Amount
    114

    We can help!

    Listing Contact
    Rhonda Holmsten
    Rhonda Holmsten

    Listing agent Rhonda Holmsten License #950600245

    Listing office Ark Real Estate 200 E Columbia River Hwy, Clatskanie, OR

    Listing date Apr 21, 2025

    MLS# 382156505 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Breathtaking View Lot
    • Large 2.87‑acre property
    • Zoned mixed use (RR‑5 and PF‑80)
    • 1.17 acres are buildable (RR‑5 zoning)
    • Potential for accessory buildings on 1.70 acres (PF‑80 zoning)
    • Specific location provided via coordinates

    Overview

    Rainier Land with View

    This 2.87-acre lot is located in Rainier, Oregon. The zoning is mixed; 1.17 acres are zoned RR-5, which is buildable, and 1.70 acres are zoned PF-80, which can only be utilized with accessory buildings. The property offers a view. Interested parties should check with the county regarding permitted uses.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Rainier
    County
    Columbia
    State
    Oregon
    Longitude
    -122.898865
    Latitude
    46.054974

    Nearby Similar for Sale

    • $499,000

      Unique Rainier Facility with River Views

      Convertible 4,500 SF facility on over half an acre.
      407 E 2ND St, Rainier, OR 97048
      View Details
    • $449,000

      Rainier Land with River Views

      4.17-acre parcel with Columbia River waterfront and views.
      74550 Columbia River Hwy, Rainier, OR 97048
      View Details
    • $74,900

      Highway Frontage Commercial Lot

      Highly visible 0.32-acre commercial lot with highway frontage.
      W B St, Rainier, OR 97048
      View Details
    • $309,900

      Rainier Forestland: Income Potential

      20 acres of private forestland near Rainier, Oregon.
      Old Rainier Rd, Rainier, OR 97048
      View Details
    • $20,000

      Land For Sale in Rainier

      Two side-by-side lots near Hwy 30 in Rainier, Oregon.
      Hutchinson Rd, Rainier, OR 97048
      View Details
    • $20,000

      Land Near Highway 30

      Two adjoining lots perfect for building, expanding, or investing.
      Hutchinson Rd, Rainier, OR 97048
      View Details
    • $200,000

      Undeveloped Land Near Rainier, Oregon

      4.75 acres of timberland near Rainier and St. Helens.
      Meserve Rd, Rainier, OR 97048
      View Details
    • $265,000

      Rainier Buildable Lot with Views

      Buildable lot with river and mountain views in Rainier, Oregon.
      Debast Rd, Rainier, OR 97048
      View Details
    • $39,900

      Rainier, OR Buildable Lot

      Buildable lot with utilities at street in Rainier, Oregon.
      1st Street, Rainier, OR 97048
      View Details
    • $25,000

      Rainier Buildable Corner Lot

      Prime corner lot with Columbia River views in Rainier, Oregon.
      W C St, Rainier, OR 97048
      View Details
    • $125,000,000
      21,360 SF

      Columbia River Industrial Land

      88.7 acre industrial site with river and rail access.
      29191 Dike Rd, Rainier, OR 97048
      View Details
    • $1,495,000
      18,500 SF

      Industrial Property in Rainier, Oregon

      Industrial property suitable for owner/users in Rainier, Oregon.
      75930 Rock Crest St, Rainier, OR
      View Details

    FAQs

    What type of property is this?
    Land - 2.87 acres of land with mixed zoning.
    Where is this land located?
    The property is located at LITTLE JACK FALLS Rd Rainier, OR.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Breathtaking View Lot; Large 2.87‑acre property; Zoned mixed use (RR‑5 and PF‑80)
    (503) 866-1276
    We can help!
    Listing Contact
    Rhonda Holmsten
    Rhonda Holmsten
    Real Estate License ID: 950600245
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    LITTLE JACK FALLS Rd, Rainier, OR 97048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!