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    161 5Th Ave Ontario, OR 97914
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    Property profile & analytics

    161 5Th Ave Ontario, OR 97914

    View on Map
    • Commercial real estate
    • 1,818 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US71-0770231
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 161 5Th Ave

    Lot size
    0.17 lot acres
    Property size
    1,818 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 161 SE 5th Avenue in Ontario, Oregon, presents a unique dual-use opportunity. The 0.17-acre lot features two separate buildings, totaling 1,818 square feet, previously used as residential units. Now zoned for commercial use, this property offers significant flexibility for a variety of business ventures. Imagine establishing a thriving business while utilizing the additional space for residential income, creating a live-work environment, or simply leasing out both buildings to separate tenants. The property's versatility makes it an attractive investment for entrepreneurs seeking a prime location in Ontario. The existing structures provide a solid foundation for immediate occupancy, minimizing upfront renovation costs. This presents a rare chance to acquire a well-situated commercial property with the potential for substantial returns. The property's location in Ontario offers easy access to major transportation routes and local amenities, ensuring high visibility and convenient operations. This is an excellent opportunity for investors and business owners looking for a versatile and profitable property in a growing market. The property's zoning allows for a range of commercial uses, making it suitable for a variety of businesses. Don't miss this chance to own a piece of Ontario's thriving commercial landscape. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Malheur
    State
    Oregon
    Longitude
    -116.9606
    Latitude
    44.0218

    Comparable in this City

    • $275,000
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      Ontario Commercial Land - Build Ready!

      Prime .48-acre lot, utilities available.
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    • $300,000
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      Ontario Industrial Land & Shop

      1.88 Acres, 800 sq ft shop, great location!
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    • $1,200,000
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      Prime Ontario Commercial Land

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    • $225,000
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      Established Ontario Business for Sale

      High-traffic location, turnkey operation.
      44 3Rd St, Ontario, OR 97914
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    • $525,000
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      Downtown Ontario Commercial Property

      High-yield multi-unit investment opportunity.
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    • $180,000
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    Similar Nearby for Sale

    • $275,000
      0.48 Acres

      Ontario Commercial Land - Build Ready!

      Prime .48-acre lot, utilities available.
      410 Oregon St, Ontario, OR 97914
      View Details
    • $300,000
      800 SF

      Ontario Industrial Land & Shop

      1.88 Acres, 800 sq ft shop, great location!
      1208 18Th Ave, Ontario, OR 97914
      View Details
    • $1,200,000
      2.29 Acres

      Prime Ontario Commercial Land

      I-84 Visibility, High-Traffic Location
      Goodfellow St, Ontario, OR 97914
      View Details
    • $225,000
      4,000 SF

      Established Ontario Business for Sale

      High-traffic location, turnkey operation.
      44 3Rd St, Ontario, OR 97914
      View Details
    • $525,000
      4,416 SF

      Downtown Ontario Commercial Property

      High-yield multi-unit investment opportunity.
      163 1St St, Ontario, OR 97914
      View Details
    • $180,000
      1.14 Acres

      Industrial Lot Ready for Development

      Over an acre industrial lot with utilities ready for development.
      SE 9Th St, Ontario, OR 97914
      View Details

    Similar Nearby for Lease

    • $24,000
      16,578 SF

      Office Space in Ontario, OR

      2000 Sq Ft office space for rent.
      49 NW 1St St, Ontario, OR 97914
      View Details
    • $18,000 /Mo
      1,500 SF

      Commercial Space in Ontario, Oregon

      1500 sq ft commercial space available for rent.
      2880 SW 4Th St, Ontario, OR 97914
      View Details
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    Ontario, OR 97914
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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