Property profile

21991 Fern Ridge Rd SE Stayton, OR 97383

FOR SALE
Commercial real estate
Property ID
US71-0594882
7,151 SF 0.98 ac lot Built 1945
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Total area 7,151 SF
Lot 0.98 ac (42,689 SF)
Zoning code CC
APN 092E18BB00700
UPID US71-0594882

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21991 Fern Ridge Rd SE Stayton, OR 97383
Stayton metro Census 10600 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$480k

Owner & transaction history

Zoning & alternative use

CC · Stayton, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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