Property profile

0 North Ave North Plains, OR 97133

OFF-MARKET
Mixed-use properties
87,823 SF 2.02 ac lot
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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

Location

North Ave North Plains, OR 97133
North Plains metro
Google Maps

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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