0 North Ave, North Plains, OR 97133
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.
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
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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.