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Property profile & analytics
OFF-MARKET
Commercial real estate

26365 Steens Rd Princeton, OR 97721

1,663 SF 160 ac lot Built 2007
Individually Owned 5-yr Hold
Property ID
US71-1122876
Property summary
AI-generated overview

This exceptional Eastern Oregon property presents a unique opportunity for outdoor enthusiasts and investors alike. Nestled near Borax Lake, between Fields, OR and the Alvord Desert, this 160-acre ranch boasts breathtaking views of the Trout Creek, Pueblo, and Steens Mountains. The property includes a custom-built, 1,663 square foot, energy-efficient home constructed in 2007. The home features a frame-style yurt design, Hardie plank siding, vinyl windows, and a composite roof. Inside, you'll find tile flooring throughout, an open concept layout, and 17-foot vaulted ceilings with a skylight. The kitchen is equipped with marble countertops, hickory cabinets, and ample storage. Three bedrooms, including a master suite with a ¾ bathroom and walk-in shower, offer comfortable living spaces. Two additional bedrooms share a full bathroom. The home also includes a laundry area with additional storage, a pantry, and two tankless on-demand water heaters (propane-heated), one for radiant floor heating and one for domestic water. The off-grid system utilizes 8 solar panels with a backup generator and 8 6V AGM batteries (installed 2021). A well provides water for the home, and a second well is available for potential livestock use. A seasonal pond attracts wildlife, and a portion of the property is fenced. The seller is willing to consider selling an additional 160 acres, splitting the original 320 acres upon acceptance of an offer. This property offers a remarkable blend of comfort, natural beauty, and investment potential. The asking price is $675,000.

Property profile
Verified
Property type Commercial real estate
Year built 2007
Total area 1,663 SF
Lot 160 ac (6,969,600 SF)
UPID US71-1122876
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Thomas A Branciforte · 5 yrs held
Thomas A Branciforte
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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