Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Sisters, Oregon Title is generated by Realmo AI

    0 N Spruce ST, Sisters, OR 97759

    View on Map
    Claim this Listing
    For Sale
    $800,000

    Flat, developable commercial land with road frontage on three sides.

    Type:Unimproved Land
    Lot size:
    1.78 Acres
    Added:
    Sep 27, 2024
    Days on Market:
    620
    Last Refresh:
    May 19 at 10:14 pm

    Property Features for 0 N Spruce ST

    General Information

    Standard status
    Active
    Lot size
    1.78 Acres
    Property subtype
    Unimproved Land

    We can help!

    Listing Contact
    Bradley King

    Listing agent Bradley King License #201235429

    Listing office Keller Williams Realty Portland Premiere

    Listing date Sep 27, 2024

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere

    HighLights

    • Prime flat developable commercial land.
    • High road frontage on 3 sides (N Spruce St, E Barclay Dr, CampPolk Rd/N Locust St).
    • Located in Sisters, Oregon.
    • 300 feet of frontage on E Barclay Dr.
    • 257 feet of frontage on N Spruce St.
    • Across the street from the post office and an assisted living center.

    Overview

    This commercial land is located in Sisters, Oregon. The property is flat and suitable for development. It features road frontage on three sides, with 257 feet on N Spruce St, 300 feet on E Barclay Dr, and 257 feet on CampPolk Rd/N Locust St. The property is situated across the street from the post office and an assisted living center.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sisters
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.548
    Latitude
    44.2908

    Nearby Similar for Sale

    • $1,090,000

      Fully NNN-Leased Commercial Building

      NNN-leased commercial building with ample parking on a sub-acre lot.
      367 W Sisters Park Drive, Sisters, OR 97759
      View Details
    • $599,000
      2,000 SF

      Aspen Lakes Estate Parcel

      Premier 5.11-acre property near Sisters, Oregon.
      69375 LAKE Dr, Sisters, OR 97759
      View Details
    • $4,890,000
      23,488 SF

      Industrial Facility in Sisters, Oregon

      State-of-the-art industrial facility with premium manufacturing, warehouse, and office space.
      275 W Lundgren Mill Drive, Sisters, OR 97759
      View Details
    • $3,295,000
      16,600 SF

      Industrial Facility in Sisters, Oregon

      State-of-the-art industrial facility with manufacturing, warehouse, and office space.
      275 W Lundgren Mill Drive, Sisters, OR 97759
      View Details
    • $599,900

      Aspen Lakes Golf Estate Homesite

      Premium 1.20-acre lakefront homesite in upscale gated community.
      16887 Golden Stone Drive, Sisters, OR 97759
      View Details
    • $350,000

      Dog Boarding and Grooming Business

      Dog boarding and grooming business for sale in Sisters, Oregon.
      367 W Sisters Park Drive, Sisters, OR 97759
      View Details
    • $375,000

      Cascade Mountain View Acreage

      One acre lot with Cascade Mountain views in Sisters, Oregon.
      70070 Meadow View Road, Sisters, OR 97759
      View Details
    • $690,000

      Sisters, Oregon Land Opportunity

      Build your dream home in a serene, natural setting.
      16305 Riata Court, Sisters, OR 97759
      View Details
    • $240,000

      Downtown Multi-Family Zoned Lot

      Level, fenced lot in downtown Sisters offers flexible residential development potential under multi-family zoning.
      243 E Jefferson Avenue, Sisters, OR 97759
      View Details
    • $310,000

      Secluded Homesite Backing Whychus Creek

      Rare homesite in Sisters, OR, backing to Whychus Creek.
      390 S Timber Creek Drive, Sisters, OR 97759
      View Details
    • $229,000

      Residential Land Near Downtown Sisters

      Level, ready-to-build lot near downtown and trails.
      681 S Elm Street, Sisters, OR 97759
      View Details
    • $240,000

      Land Near Sisters, Oregon

      Tranquil 0.96-acre lot near Sisters with utilities available.
      70129 Cayuse Drive, Sisters, OR 97759
      View Details

    FAQs

    What type of property is this?
    Commercial land - Flat, developable commercial land with road frontage on three sides.
    Where is this commercial land located?
    The property is located at 0 N Spruce ST Sisters, OR.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Prime flat developable commercial land.; High road frontage on 3 sides (N Spruce St, E Barclay Dr, CampPolk Rd/N Locust St).; Located in Sisters, Oregon.
    (503) 313-8262
    We can help!
    Listing Contact
    Bradley King
    Real Estate License ID: 201235429
    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
    0 N Spruce ST, Sisters, OR 97759
    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!