37300 Lusted Rd Boring, OR 97009
This exceptional 4,400-square-foot flex space, located at 37300 SE Lusted Rd, Boring, OR 97009, presents a unique investment opportunity. Situated on a 2.88-acre lot (APN 00150311), this property boasts a single building constructed in 1970 and zoned RRFF5. The asking price is $774,800, translating to $176.09 per square foot. The property is currently vacant and offers a significant advantage: a long-standing non-conforming use permit from Clackamas County, allowing for a variety of commercial and industrial applications. A key feature is a substantial metal-framed shop equipped with two overhead cranes, ideal for various business needs. The property's previous manufactured home has been removed. This presents a chance to establish a business in a rural setting with ample space and existing infrastructure. Note that the price is subject to adjustment as ongoing property improvements are completed. This is a rare opportunity to acquire a versatile property in a desirable location. Serious inquiries are encouraged to view this property promptly.
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.