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    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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    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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