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    OFF-MARKET
    Commercial real estate

    21028 Highway 99E, Aurora, OR 97002

    2,296 SF 0.42 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 21028 NE Highway 99E in Aurora, Oregon, presents a compelling investment opportunity. The property encompasses two updated buildings totaling approximately 2,296 square feet, situated on a 0.42-acre lot. A significant advantage is the approximately 154 feet of frontage along Highway 99E, a major thoroughfare boasting over 7,000 vehicles daily, ensuring high visibility and accessibility for businesses. The existing tenants are secured under automatically renewing leases, providing immediate and consistent cash flow for the investor. This presents an attractive owner-operator potential, allowing for hands-on management and potential for increased profitability. The property benefits from its location within a thriving community, characterized by a strong economic base. Within a one-mile radius, the average household income is $104,000, and the average home value is $623,000, indicating a robust and affluent consumer market. This demographic profile supports a broad base of potential customers for any business operating from this location. The combination of high traffic, stable tenancy, and a desirable location makes this property an excellent choice for investors seeking a reliable and potentially lucrative investment in the Aurora, Oregon market.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1970
    Total area 2,296 SF
    Lot 0.42 ac (18,295 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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