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    487 Richard Ave Sheridan, OR 97378

    • Land
    • 1.24 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 487 Richard Ave

    Lot size
    1.24 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.409
    Latitude
    45.103

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      0.29 Acres

      291 Viola St

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      0.47 Acres

      270 Main St

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    487 Richard Ave
    Sheridan, OR 97378
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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