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    11777 Highway 238 Jacksonville, OR 97530
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    11777 Highway 238 Jacksonville, OR 97530

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    • Land
    • 4,470 SF
    • 255.38 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11777 Highway 238

    Lot size
    255.38 lot acres
    Property size
    4,470 SF
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 255-acre Oregon estate, located at 11777 Hwy 238, Jacksonville, OR 97530, presents a unique investment opportunity. The property includes a renowned vineyard and winery, boasting strong water rights and breathtaking Applegate River frontage. The main residence is a 4,470 square foot cedar shingle-style home, complemented by a charming updated farmhouse, ideal for a winemaker's residence. The established vineyard offers significant potential for expansion, alongside opportunities in agri-business, hospitality (events, weddings, bed and breakfast), and farm-to-consumer sales. The property's prime location in the esteemed Applegate Valley provides convenient access to Jacksonville and Medford, while offering unparalleled scenic beauty and recreational opportunities. The sale includes the business, brand, and real estate. The property features four bedrooms and is situated on 255.38 acres of land. This turnkey operation offers a rare blend of established business, stunning natural beauty, and significant growth potential. Owner financing may be available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Jackson
    State
    Oregon
    Longitude
    -123.114
    Latitude
    42.2382

    Comparable in this City

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      171.95 Acres

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      Farms • 2,298 SF
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    • Value Estimation
      $670,000
      14,829 SF

      550 G St

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,829 SF
      550 G St, Jacksonville, OR 97530-9675
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    • Value Estimation by Request
      2,208 SF

      415 6th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,208 SF
      415 6th St, Jacksonville, OR 97530-0018
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    • Value Estimation by Request
      40.00 Acres

      60027 Dv Rd

      Land • 40.00 Acres
      60027 Dv Rd, Joseph, OR 97530
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      27.25 Acres

      Thompson Creek Rd

      Land • 27.25 Acres
      0 Thompson Creek Rd, Jacksonville, OR 97530
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    • Value Estimation
      $1,420,000
      24 SF

      740 Bybee Dr

      MOBILE HOME PARK, TRAILER PARK • 24 SF
      740 Bybee Dr, Jacksonville, OR 97530-9288
      View Details

    Similar Nearby for Sale

    • $8,500,000
      255.38 Acres

      Red Lily Vineyards Estate

      255-acre vineyard with winery, river frontage, and expansion potential.
      11777 Highway 238, Jacksonville, OR 97530
      View Details
    • $1,750,000
      38.54 Acres

      Logtown Estate: Unique Living Experience

      38.54-acre estate with log home, guest house, and pool.
      5361 Highway 238, Jacksonville, OR 97530
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    • $2,500,000
      4.86 Acres

      Prime Jacksonville Land Opportunity

      Three adjoining parcels totaling 19.23 acres in Jacksonville, Oregon.
      Applegate St, Jacksonville, OR 97530
      View Details
    • Contact for pricing

      Land For Sale Jacksonville, OR

      Land available for purchase in Jacksonville, Oregon.
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    • $2,350,000
      54.00 Acres

      Expansive Estate with Buildable Parcels

      54-acre estate featuring a custom log home and buildable parcels.
      5361 Highway 238, Jacksonville, OR 97530
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    • $225,000
      0.21 Acres

      Jacksonville Vacant Lot in Andrews

      Vacant 0.21-acre lot in exclusive Jacksonville subdivision.
      350 Josephines Way, Jacksonville, OR 97530
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    Similar Nearby for Lease

    • $12,500 /Mo

      3375 Little Applegate Rd, Unit 3315-3375

      Turnkey Cannabis Farm + 2 Homes | Live & Operate on 34+ Acres
      3375 Little Applegate Rd, Jacksonville, OR 97530
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    • $7,500 /Mo

      3375 Little Applegate Rd

      Turnkey 29.46-Acre Grow Operation | 9 Greenhouses + Massive Production Space
      3375 Little Applegate Rd, Applegate, OR 97530
      View Details
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    11777 Highway 238
    Jacksonville, OR 97530
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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