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    Off Weaver Spg Rd Burns, OR 97720
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    Off Weaver Spg Rd, Burns, OR 97720

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    • Land
    • 1,719.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Off Weaver Spg Rd

    Lot size
    1,719.45 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This turnkey Eastern Oregon hay farm, located off Weaver Springs Rd in Burns, OR (97720), spans 1,719.45 acres of prime agricultural land in Harney County. The property boasts some of the oldest water rights in the valley, exceeding 1000 acres, and features a sophisticated irrigation system including Precision Mobile Drip Irrigation (PMDI) on five pivots, with oversized main lines to minimize friction loss. The soil is predominantly sandy loam, and a crop rotation system ensures consistent high yields. Improvements include four hay sheds (three sided), two manufactured homes for farm labor, a custom-built main house, and a large shop with drive-through doors and an office. A private cinder pit maintains the excellent condition of all roads and improvements. The farm showcases exceptional pride of ownership throughout. This complete package represents a rare opportunity to acquire a highly productive and well-maintained agricultural operation. The property includes a state land lease. A video showcasing the property is available online. Asking price: $6,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burns
    County
    Harney
    State
    Oregon
    Longitude
    -119.055
    Latitude
    43.3667

    Comparable in this City

    • Value Estimation by Request

      29276 Marshall Ln

      Farms
      29276 Marshall Ln, Burns, OR 97720
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    • Value Estimation by Request
      720.00 Acres

      T25S Burns

      Farms
      T25S Burns, Burns, OR 97720
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    • Value Estimation by Request
      842.26 Acres

      T25S Wm Tax

      Farms
      T25S Wm Tax, Harney, OR 97720
      View Details
    • Value Estimation by Request
      240.00 Acres

      3100 Dog Mtn Ln

      Farms
      3100 Dog Mtn Ln, Harney, OR 97720
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    • Value Estimation by Request
      1,220.24 Acres

      71111 Ruhl Rd

      Farms
      71111 Ruhl Rd, Burns, OR 97720
      View Details
    • Value Estimation by Request
      6,537.98 Acres

      30040 Weaver Springs Ln

      Farms
      30040 Weaver Springs Ln, Burns, OR 97720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Eastern Oregon Irrigated Farm

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      Irrigated Farm and Estate, Burns

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    • $1,750,000
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      Eastern Oregon Farm and Estate

      Farm with irrigation, home, outbuildings, and income potential near Burns.
      29328 Weaver Springs Ln, Burns, OR 97720
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    • $1,200,000
      1,782 SF

      Eastern Oregon Turn-Key Farm

      Well-maintained farm with irrigated acreage, outbuildings, and move-in-ready home.
      63878 Highway 205, Burns, OR 97720
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    • Contact for pricing

      Picturesque Eastern Oregon Farm Property

      760-acre farm with 340 irrigated acres near Burns, Oregon.
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      1,719.45 Acres

      Eastern Oregon Turn-Key Hay Farm

      1719.45 acre turn-key hay farm with extensive water rights.
      30040 Weaver Springs Rd, Burns, OR 97720
      View Details
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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.

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