21028 Highway 99E, Aurora, OR 97002
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.