1657 Idaho Ave Ontario, OR 97914-3007
Property profile & analytics
1657 Idaho Ave Ontario, OR 97914-3007
- Turn key restaurants
- 2,140 SF
- 0.65 lot acres
Property ID
US71-0883027
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.
Location Intelligence
Current Use by Public Records
- Chipotle Mexican Grill / Restaurant
Property Details for 1657 Idaho Ave
- Year built
- 1994
- Lot size
- 0.65 lot acres
- Property size
- 2,140 SF
- Zone code
- O-C2H
- Property type
- Turn key restaurants
- APN
- 18S4702CC 2101
- APU
- 18S4702CC2101
Description
This exceptional net-leased investment property, located at 1657 E Idaho Ave in Ontario, Oregon, presents a compelling opportunity for discerning investors. The property, a 2,140 square foot Chipotle restaurant, sits on a 0.65-acre lot and boasts a strong 5.35% cap rate, generating a net operating income (NOI) of $155,000. Built in 1994, the building benefits from a highly desirable location, situated on a pad adjacent to a Walmart Supercenter and Home Depot, ensuring high visibility and consistent customer traffic. With 23,170 vehicles passing daily on E Idaho Avenue, this location enjoys exceptional exposure, particularly given its proximity to the Oregon-Idaho state line. The restaurant features convenient amenities including outdoor patio seating and a "Chipotlane" drive-thru window, catering to the growing demand for quick and convenient mobile ordering. The lease commenced in September 2023, providing immediate cash flow. The asking price for this turnkey investment is $2,897,000. This represents a rare opportunity to acquire a well-established, high-performing QSR property in a prime location with significant growth potential. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Malheur
- State
- Oregon
- Longitude
- -116.941
- Latitude
- 44.0252
- CBSA code
- 36620
- CBSA name
- ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,197
$300,338
$299,976
$600,314
-
$360,500
$734,650
$1,095,150
