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    14802 Or-38 Elkton, OR 97436

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

    Current Use by Public Records

    • Land

    Property Details for 14802 Or-38

    Lot size
    0.23 lot acres
    Property type
    Land

    Description

    This exceptional 0.23-acre commercial land parcel presents a remarkable opportunity in Elkton, Oregon. Situated on Highway 38, this property boasts excellent visibility and accessibility, making it ideal for a variety of businesses. The lot is flat and usable, with all city services conveniently located within the property lines. Previous site improvements have already been completed, with the removal of a former grocery store having been paid for by the seller. The City of Elkton has confirmed that no System Development Charges will be levied on the new owner. A functioning septic system is in place, along with a city sewer hookup (Sewer Step System). The C-1 zoning allows for a wide range of commercial uses, including office, retail, and service businesses. Potential uses could include a mini-mart, auto repair shop, professional office, coffee kiosk, fast-food kiosk, nursery, or automotive sales and repair facility. This "shovel-ready" site is perfectly positioned for immediate development, offering a unique chance to establish a thriving business in a desirable location. The property's APN is R19187. The asking price is $375,000.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Douglas
    State
    Oregon
    Longitude
    -123.567
    Latitude
    43.636

    Comparable in this City

    • Value Estimation by Request
      757 SF

      14971 State Hwy 38

      COMMERCIAL (GENERAL) • 757 SF
      14971 State Hwy 38, Elkton, OR 97436-9640
      View Details
    • Value Estimation by Request
      2,400 SF

      15960 State Hwy 38

      COMMERCIAL (GENERAL) • 2,400 SF
      15960 State Hwy 38, Elkton, OR 97436-9734
      View Details
    • Value Estimation by Request
      6.77 Acres

      State Hwy 38

      INDUSTRIAL - VACANT LAND • 6.77 Acres
      State Hwy 38, Elkton, OR 97436
      View Details
    • Value Estimation by Request
      0.11 Acres

      1st St

      VACANT COMMERCIAL LAND • 0.11 Acres
      1st St, Elkton, OR 97436
      View Details
    • Value Estimation by Request
      7.60 Acres

      State Hwy 38

      INDUSTRIAL - VACANT LAND • 7.60 Acres
      State Hwy 38, Elkton, OR 97436
      View Details
    • Value Estimation by Request
      2,400 SF

      151 Spicer St

      COMMERCIAL (GENERAL) • 2,400 SF
      151 Spicer St, Elkton, OR 97436-9709
      View Details

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    • New
      $1,550,000
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      Riverfront RV and Home Community

      Rare riverfront RV and manufactured home community on 8.5 acres.
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    14802 Or-38
    Elkton, OR 97436
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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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