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Property profile & analytics
OFF-MARKET
Land

487 Richard Ave Sheridan, OR 97378

1.24 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.24 ac (54,014 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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