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    Upper Imnaha Rd Imnaha, OR 97842
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    Upper Imnaha Rd Imnaha, OR 97842

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    • Land
    • 98,576.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Upper Imnaha Rd

    Lot size
    98,576.00 lot acres
    Property type
    Land

    Description

    This exceptional 98,576-acre property, located on Upper Imnaha River Road in Imnaha, Oregon (zip code 97842), presents a unique investment opportunity. Currently zoned EL1, this expansive land parcel is comprised of two lots combined into a single tax lot. Situated approximately 24 miles upriver from the town of Imnaha, the property offers unparalleled access to the natural beauty of the surrounding Wallowa County. The Imnaha River Woods is bordered by National Forest land, providing a tranquil and secluded setting. Access is readily available year-round via Chief Joseph Way or Appaloosa Way. The property's size and zoning suggest potential for development, making it suitable for a variety of uses, including a private retreat, camping area, or even a secluded cabin. The asking price for this remarkable property is $45,000. The property's listing and status dates are November 30, 2023. The area is approximately 470 square units (the exact unit of measurement is not specified in the provided information). This is a rare chance to own a significant piece of Oregon's natural landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Imnaha
    County
    Wallowa
    State
    Oregon
    Longitude
    -116.807
    Latitude
    45.3255

    Comparable in this City

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      3,310 SF

      78997 Imnaha Hwy

      COMMERCIAL (GENERAL) • 3,310 SF
      78997 Imnaha Hwy, Imnaha, OR 97842-8147
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    • Value Estimation by Request
      576 SF

      Mustang Way

      RECREATIONAL, ENTERTAINMENT • 576 SF
      Mustang Way, Imnaha, OR 97842
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    • Value Estimation by Request
      780 SF

      Imnaha, OR 97842

      RECREATIONAL, ENTERTAINMENT • 780 SF
      Imnaha, OR 97842
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    • Value Estimation by Request
      360 SF

      Imnaha, OR 97842

      RECREATIONAL, ENTERTAINMENT • 360 SF
      Imnaha, OR 97842
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    • Value Estimation by Request
      0.73 Acres

      59855 Riv Cyn Rd

      RECREATIONAL, ENTERTAINMENT • 0.73 Acres
      59855 Riv Cyn Rd, Imnaha, OR 97842-8135
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    • Value Estimation by Request
      780 SF

      Imnaha, OR 97842

      RECREATIONAL, ENTERTAINMENT • 780 SF
      Imnaha, OR 97842
      View Details

    Similar Nearby for Sale

    • $50,000
      0.55 Acres

      Imnaha Buildable Lot For Sale

      Buildable lot in Imnaha River Woods, perfect for cabin.
      River Canyon Rd, Imnaha, OR 97842
      View Details
    • Contact for pricing
      0.49 Acres

      Imnaha River Woods Land

      Half acre lot near Imnaha River, perfect recreational escape.
      Chief Joseph Way, Imnaha, OR 97842
      View Details
    • $395,000
      46.00 Acres

      Buildable Land with Creek Frontage

      46 acres with creek frontage, suitable for recreation or homestead.
      Big Sheep Creek Rd, Imnaha, OR 97842
      View Details
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    Imnaha, OR 97842
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    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
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