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    OFF-MARKET
    Land

    22503 Redwood Hwy, Kerby, OR 97531

    170.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 170.39-acre property boasts over a quarter-mile of Illinois River frontage in Josephine County, Oregon. The land, situated along Redwood Highway (providing convenient access), includes two existing homes and an aggregate quarry, all spread across four separate parcels. Approximately 70 acres comprise a west pasture historically used for hay, hemp, and other crops. The property benefits from established irrigation rights dating back to 1887, with existing infrastructure supporting various irrigation methods including flood irrigation, a distribution canal, and risers adaptable for aerial irrigation. This iconic location, a familiar sight to locals and travelers alike, presents a unique opportunity for agricultural pursuits, development, or a combination thereof. The property's rich history and diverse features make it a truly remarkable offering. The zip code is 97531, and the city is Kerby.

    Property profile
    Verified
    Property type Land
    Lot 170.39 ac (7,422,188 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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