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    21991 Fern Ridge Rd Stayton, OR 97383
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    21991 Fern Ridge Rd Stayton, OR 97383

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    • Commercial real estate
    • 7,151 SF
    • 0.98 lot acres
    For Sale
    $150,000
    View Listing →
    Commercial Land Near Highway 22 For Sale
    $150,000
    0.95 Acres

    Commercial Land Near Highway 22

    0.95 acre commercial land in Mehama, Oregon.

    21991 Fern Ridge Rd, Stayton, OR
    View Listing
    Property ID
    US71-0594882
    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 21991 Fern Ridge Rd

    Year built
    1945
    Lot size
    0.98 lot acres
    Property size
    7,151 SF
    Zone code
    CC
    Property type
    Commercial real estate
    APN
    092E18BB00700
    APU
    092E18BB00700

    Description

    This exceptional 0.95-acre commercial land parcel presents a unique investment opportunity in Stayton, Oregon. Located at 21991 Fern Ridge Rd SE, this property boasts a highly desirable Community Commercial (CC) zoning designation, opening doors to a wide array of potential uses. Permitted uses include automotive repair shops, various retail establishments, and professional offices, making it an ideal site for entrepreneurs and investors alike. The property's strategic location directly across Highway 22 from the Gingerbread House ensures high visibility and accessibility, capitalizing on significant daily traffic volume. Highway 22 saw 13,711 vehicles daily in 2022, providing substantial exposure for any business operating on this site. While the address lists Stayton, its proximity to the canyon area offers additional development potential. The asking price is $225,000. Prospective buyers are responsible for conducting thorough due diligence regarding available utilities and services. This is a rare chance to secure a prime commercial lot in a thriving area with excellent growth potential. Don't miss this opportunity to establish your business in a high-traffic location with diverse development possibilities. The property is situated in Marion County, Oregon, with a 97383 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,105,000
      Market price range: $675k - $2.52M
      AI Estimate
      $1,102,000
      Market price range: $686k - $2.52M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,425,000
      Current use
      RETAIL STORES
      $1,410,000
      Change: -1% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,375,000
      Change: -4% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,285,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Stayton
    County
    Marion
    State
    Oregon
    Longitude
    -122.619
    Latitude
    44.793
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN 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
    2020
    $3,857
    $0.00
    $0.00
    $357,330
    -
    $149,240
    $283,200
    $432,440

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      1280 Wilco Rd

      COMMERCIAL (GENERAL) • 0.06 Acres
      1280 Wilco Rd, Stayton, OR 97383-1062
      View Details
    • Value Estimation
      $600,000
      2,304 SF

      319 Washington St

      COMMERCIAL (GENERAL) • 2,304 SF
      319 Washington St, Stayton, OR 97383-1639
      View Details
    • Value Estimation
      $3,790,000
      10,748 SF

      1385 1st Ave

      COMMERCIAL (GENERAL) • 10,748 SF
      1385 1st Ave, Stayton, OR 97383-1209
      View Details
    • Value Estimation by Request
      0.08 Acres

      138 3rd Ave

      COMMERCIAL (GENERAL) • 0.08 Acres
      138 3rd Ave, Stayton, OR 97383-1722
      View Details
    • Value Estimation by Request
      0.26 Acres

      250 Fern Rdg Rd

      COMMERCIAL (GENERAL) • 0.26 Acres
      250 Fern Rdg Rd, Stayton, OR 97383-1673
      View Details
    • Value Estimation by Request
      2.84 Acres

      1973 Pacific SE Ct

      COMMERCIAL (GENERAL) • 2.84 Acres
      1973 Pacific SE Ct, Stayton, OR 97383
      View Details

    Similar Nearby for Sale

    • $319,000

      Commercial Land in Sheridan, Oregon

      Commercial land in Sheridan, Oregon, near Highway 18.
      Or-18, Sheridan, OR 97383
      View Details
    • $150,000

      Commercial Land Near Highway 22

      0.95 acre commercial land in Mehama, Oregon.
      21991 Fern Ridge Rd, Stayton, OR 97383
      View Details
    • Contact for pricing

      Certified Land Ready for Development

      44.07-acre site suitable for manufacturing or warehouse/distribution.
      2410 Shaff Rd SE, Stayton, OR 97383
      View Details
    • $575,000

      Prime Retail Development Opportunity

      Ideal location for retail and strip center development in Stayton.
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    • $64,900
      0.08 Acres

      Commercial Retail Zoned Land

      Commercial Retail zoned lot near Hwy 22 and Hwy 226.
      21958 Emma St, Stayton, OR 97383
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      600 SF

      Retail Space in Stayton, Oregon

      Retail space available with ample parking and tenant improvements negotiable.
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      View Details
    • Contact for pricing

      Stayton Industrial Spaces and Land

      Industrial spaces and land for lease in Stayton, Oregon.
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      490 SF

      Stayton Commercial Property For Rent

      Well-maintained commercial property in Stayton with reception, offices, and restroom.
      2340 Martin Dr, Stayton, OR 97383
      View Details
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      Industrial Land Available For Lease

      8.35 acres of light industrial land for lease.
      W Washington St, Stayton, OR 97383
      View Details
    • $1.50 SF/Yr
      2,871 SF

      Stayton Plaza Retail Space Available

      Prime commercial space with existing dental infrastructure in Stayton.
      151-171 W Washington St, Stayton, OR 97383
      View Details
    • Contact for pricing

      Second Floor Retail Space Available

      Second-floor retail space with abundant natural light and private entrance.
      143 W Washington St, Stayton, OR 97383
      View Details
    View Listing
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    Stayton, OR 97383
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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.

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