16725 Highway 212 Happy Valley, OR 97086
This exceptional 13.18-acre commercial and industrial land parcel presents a rare development opportunity in the thriving Happy Valley, Oregon market. Located at 16725 SE Hwy 212, Damascus, OR 97086, this property boasts convenient access to I-205 and the burgeoning retail and support services sector of Happy Valley. Zoned IC – Industrial Campus, the site offers existing access to Hwy 212 and 172nd Ave, providing excellent connectivity. The gently sloping south-facing topography is ideal for construction. Infrastructure is in place, including storm and sanitary sewer access via Wes and water service from Sunrise Water District. The asking price is $3,157,665, translating to $5.50 per square foot. This represents a significant opportunity to acquire hard-to-find industrial-zoned land in a high-growth area. Furthermore, there's potential to expand the land holdings to up to 15.57 acres by acquiring an adjacent parcel (outlined in yellow on available site plans). This prime location, coupled with its zoning and infrastructure, makes this property an exceptional investment for developers seeking a strategic foothold in the rapidly expanding Happy Valley area. Contact us today to learn more about this unique opportunity.
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
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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.