0 Of Main St Banks, OR 97106
This exceptional 10.91-acre parcel presents a rare industrial development opportunity in Banks, Oregon. Located west of Main Street, this property boasts an Industrial Overlay designation, facilitating seamless project implementation. Annexed to the city in 2017, the land offers convenient access via Wilkes Street and enjoys proximity to essential utilities situated on Northwest Main Street. The gently sloping topography simplifies development, while the strategic location provides quick access to Highway 6, placing it within minutes of Hillsboro, North Plains, Beaverton, and Forest Grove. This site, while not yet formally zoned industrial, holds an Industrial Sanctuary designation within the Comprehensive Plan, paving the way for future industrial uses. The land is priced at $5 per square foot, making it a compelling investment in a thriving submarket served by the Banks School District. Water and sewer services are readily available through the Banks Water District on Northwest Main Street. This is a truly unique opportunity to acquire a substantial, well-positioned industrial land parcel in a rapidly growing area.
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
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.