Property profile

85452 Highway 11 Milton-Freewater, OR 97862

OFF-MARKET
Warehouses
2.15 ac lot
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Property summary

AI-generated overview

This exceptional Milton-Freewater, Oregon property, located at 85452 Highway 11, offers a compelling investment opportunity. The 2.15-acre lot features two substantial steel commercial buildings, strategically positioned on a high-traffic corridor. The first building, constructed in 1984, houses a tobacco shop tenant, owner-occupied space (available for lease), three attached two-bay garages, three detached storage units, an exterior loading dock, and a two-bedroom upstairs residence. The second building, a 2000 construction, currently accommodates Stateline Chiroptic and Price Computers as tenants, each occupying separate warehouse bays with oversized doors. This building also includes a mezzanine office/conference area. Both buildings boast excellent paved parking and ample storage space. The existing tenants demonstrate a strong rental history, providing a stable income stream. The owner-occupied portion offers flexibility, with a potential lease arrangement available to accommodate a buyer's preferences. This property presents a rare opportunity to acquire a well-established, multi-tenant industrial complex in a desirable location. The asking price is $1,950,000. The property is zoned for commercial and industrial use and is located in Umatilla County, Oregon, zip code 97862.

Property profile

Verified
Property type Warehouses
Lot 2.15 ac (93,654 SF)

Cap rate & NOI

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

Location

85452 Highway 11 Milton-Freewater, OR 97862
Milton-Freewater metro
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Value estimations

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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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