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    Of Main St Banks, OR 97106

    • Land
    • 10.91 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Of Main St

    Lot size
    10.91 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Banks
    County
    Washington
    State
    Oregon
    Longitude
    -123.114
    Latitude
    45.6142

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      42060 Sunset Ave

      INDUSTRIAL (GENERAL) • 7,200 SF
      42060 Sunset Ave, Banks, OR 97106-9010
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    • Value Estimation by Request
      4.00 Acres

      13662 Commerce St

      INDUSTRIAL (GENERAL) • 4.00 Acres
      13662 Commerce St, Banks, OR 97106-9015
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    • Value Estimation by Request
      0.97 Acres

      13620 Commerce St

      INDUSTRIAL (GENERAL) • 0.97 Acres
      13620 Commerce St, Banks, OR 97106-9015
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    • Value Estimation by Request
      1.44 Acres

      15869 Sellers Rd

      WAREHOUSE, STORAGE • 1.44 Acres
      15869 Sellers Rd, Banks, OR 97106-7109
      View Details
    • Value Estimation by Request
      13,025 SF

      42270 Oak Way

      MINI-WAREHOUSE, STORAGE • 13,025 SF
      42270 Oak Way, Banks, OR 97106-6050
      View Details
    • Value Estimation by Request
      4,320 SF

      20120 Pihl Rd

      WAREHOUSE, STORAGE • 4,320 SF
      20120 Pihl Rd, Banks, OR 97106-7400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.91 Acres

      Banks Industrial Land - 10.91 Acres

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      0 Of Main St, Banks, OR 97106
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    • $1,069,000

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    • New
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      6.43-acre property with custom-built home in Banks, Oregon.
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    Of Main St
    Banks, OR 97106
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    Realmo Value Estimation

    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.

    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.

    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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