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Property profile & analytics
OFF-MARKET
Commercial land
237 Monroe St Burns, OR 97720-2043
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-1035397
Property summary
AI-generated overview
This exceptional 0.57-acre commercial lot at 237 W Monroe St, Burns, Oregon (97720), presents a lucrative investment opportunity. Located in Harney County, this property boasts unparalleled visibility and high traffic counts due to its prime location directly across the highway from the town's only Safeway grocery store. Currently generating a stable monthly income of $1,000 via an existing lease with a coffee stand, this property offers immediate return on investment. The General Commercial zoning allows for a wide range of business ventures. The property's strategic position ensures consistent customer flow, making it ideal for a variety of retail uses. This is a rare chance to acquire a highly desirable commercial property in a thriving Eastern Oregon community. The asking price is $175,000. Don't miss this opportunity to own a piece of Burns' commercial landscape.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.42 ac (18,295 SF)
Zoning code
CG
APN
23S 31E 07CC 05800
UPID
US71-1035397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Steens Mountain Coffee Cafe & Coffee Shop
-
BUZZ' N Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nathaniel Egbert · 4 yrs held
Nathaniel Egbert
since 2022
Last sale
$160,000
3 recorded transactions
Zoning & alternative use
CG · Burns, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burns submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burns submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,657
Tax year 2023
Assessed value
$150,127
Assessed 2023
Previous assessed
$127,500
+17.7% YoY
Effective rate
1.77%
On assessed value
Land market value
$199,190
Total market value
$199,190
Applied tax rate
1,301.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.42 ac (18,295 SF)
Zoning code
CG
APN
23S 31E 07CC 05800
UPID
US71-1035397
Jurisdiction
HARNEY
Zoning & alternative use
CG · Burns, OR
Zoning CG · permitted uses
CG · Burns, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burns. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
Nathaniel Egbert
Individual
Mailing address
3426 SW EVERGREEN AVE, REDMOND, OR 97756-2043
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
—
Nathaniel Egbert
Nathaniel Egbert
Intrafamily Transfer
related
$90,000 · Bank Of Eastern Oregon
Aug 31, 2021
$160,000
Nathanial Egbert
J G Properties LLC
Warranty Deed
$124,000 · Rsgla LLC
Jan 20, 2012
—
Jg Properties LLC
John W Mcallister
Bargain And Sale Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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