487 Richard Ave, Sheridan, OR 97378
This exceptional 1.24-acre residential lot in Sheridan, Oregon, presents a unique opportunity for country living with convenient access to amenities. Located at 487 NW Richard Ave, Yamhill County, this property boasts stunning mountain views and is situated in a peaceful setting surrounded by trees and fields. The lot is zoned R-1 and utilities are readily available, simplifying the building process. According to the City Planner, the property may be partitionable, offering potential for future development. Importantly, this land is not located within a floodplain. The expansive acreage provides ample space for a manufactured home, gardens, and various hobbies. Its convenient location offers easy access to the nearby towns of Salem, Dallas, and McMinnville, as well as the Oregon coast. Land/lot financing options are available. This is an ideal location for those seeking a tranquil escape while remaining close to urban conveniences. The property's address is 487 NW Richard Ave, Sheridan, OR 97378. Contact us today to learn more and schedule a viewing.
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
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.