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    OFF-MARKET
    Mixed-use properties

    0 North Ave, North Plains, OR 97133

    87,823 SF 2.02 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.016-acre (87,823 sq ft) commercial/mixed-use parcel is situated within the burgeoning Brynhill master-planned community in North Plains, Oregon. Located at NW Main St & NW North Ave (97133), this property is zoned NC - Neighborhood Commun and offers a unique chance to capitalize on the area's growth. Conceptual plans, including design review and conditional use permit approvals, exist for a development encompassing 44 multifamily units, 4,700 sq ft of commercial space, and 4,000 sq ft of flex commercial space (convertible to residential after two years). The multifamily units are envisioned across two buildings, one incorporating ground-floor commercial space. This prime location benefits from its inclusion in the North Plains UGB expansion area, a planned community featuring 461 residential lots, commercial development, active park areas, and communal green spaces. The asking price is $1,400,000, translating to $15.94 per square foot. Current density standards allow for 26-48 multifamily units. This presents a compelling investment opportunity within a thriving, expanding community. The property's size and zoning make it ideal for a variety of mixed-use developments, catering to the growing residential and commercial needs of the area.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 87,823 SF
    Lot 2.02 ac (87,817 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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