Property profile

0 Highway 402 Monument, OR 97848

OFF-MARKET
Land
118 ac lot
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Property summary

AI-generated overview

This exceptional 118-acre commercial property in Grant County, Oregon, presents a unique investment opportunity. Situated along Highway 402 between Monument and Kimberly, this land boasts significant water rights—an additional 96+ acres of water sourced from a seasonal spring and the North Fork of the John Day River, with a potential river access easement negotiable with the seller. The property includes a fully functional irrigation system, ready for handline or wheel line operation, with a mainline running north-south and a booster pump on the south side of Highway 402. Single-phase power runs through the center, and three-phase power is available on the eastern boundary. Previously used as a spring cow-calf allotment, the land is fully fenced. While buildability is uncertain and requires further investigation with Grant County Planning, this expansive acreage offers considerable potential for various commercial ventures. Please note that the owner will complete a property partition before the sale, following finalized due diligence. The asking price is $460,000. The property's zip code is 97848.

Property profile

Verified
Property type Land
Lot 118 ac (5,140,080 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Highway 402 Monument, OR 97848
Monument metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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