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    3100 Lone Oak Rd McMinnville, OR 97128

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    3100 Lone Oak Rd McMinnville, OR 97128

    View on Map
    • Flex space
    • 4.20 lot acres
    Off-Market
    Property ID
    US71-0992434
    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

    • Flex space

    Property Details for 3100 Lone Oak Rd

    Year built
    2007
    Lot size
    4.20 lot acres
    Property type
    Flex space

    Description

    This exceptional 4.2-acre mixed-use property in McMinnville, Oregon, presents a rare investment opportunity. Located on Lone Oak Rd N, bordering Highway 99, the property is zoned Light Industrial (LI) and offers a diverse range of existing structures and amenities. The site includes four buildings: two residential homes (a 2007 manufactured home with 1512 sq ft, 3 bedrooms, and 2 baths, and a 1999 home with 1056 sq ft, 2 bedrooms, and 2.5 baths), a barn/office complex with 230V 3-phase and single-phase power, and additional outbuildings. Outdoor features include a gated and fenced area, a charming pond with a recreation shed, a lighted sand volleyball court, a large gravel lot ideal for extensive parking or storage, cross-fenced pastures, paddocks, and livestock sheds. The property's multi-tenant setup currently houses two tenants. The year built for the main structures is 2007 and 1999. This versatile property is perfect for owner-users seeking a blend of residential and light industrial space, or investors looking for a strong multi-tenant income stream. The asking price is $1,889,000. Buyer to conduct their own due diligence regarding intended use. The property is situated in Yamhill County, Oregon, with a zip code of 97128.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    McMinnville
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.15176658081
    Latitude
    45.238261886452

    Comparable in this City

    • New
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      5,350 SF

      Updated Multifamily Property in McMinnville

      Updated multi-unit property near downtown McMinnville with income potential.
      507 NE Davis St, McMinnville, OR 97128
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    • $3,500,000
      13,200 SF

      McMinnville Multifamily Investment Opportunity

      Thirteen-unit apartment complex in McMinnville with value-add potential.
      547 SW Fellows St, McMinnville, OR 97128
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    • New
      $425,000
      0.10 Acres

      McMinnville Investment Opportunity

      Two-unit home near downtown McMinnville with income potential.
      1411 NE Logan St, McMinnville, OR 97128
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    • $1,500,000

      Downtown McMinnville Commercial Building

      Commercial building with office and event space in downtown McMinnville.
      118 Northeast 4Th St, McMinnville, OR 97128
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    • $785,000

      Commercial Property in McMinnville, Oregon

      Commercial property for sale in Yamhill County, McMinnville, Oregon.
      475 NE 17Th St, McMinnville, OR 97128
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    • Contact for pricing
      6,400 SF

      Versatile Industrial Space For Sale

      6,400 SF industrial space with expansion potential in McMinnville.
      3200 NE Rivergate St, McMinnville, OR 97128
      View Details

    Similar Nearby for Sale

    • New
      $1,290,000
      5,350 SF

      Updated Multifamily Property in McMinnville

      Updated multi-unit property near downtown McMinnville with income potential.
      507 NE Davis St, McMinnville, OR 97128
      View Details
    • $3,500,000
      13,200 SF

      McMinnville Multifamily Investment Opportunity

      Thirteen-unit apartment complex in McMinnville with value-add potential.
      547 SW Fellows St, McMinnville, OR 97128
      View Details
    • New
      $425,000
      0.10 Acres

      McMinnville Investment Opportunity

      Two-unit home near downtown McMinnville with income potential.
      1411 NE Logan St, McMinnville, OR 97128
      View Details
    • $1,500,000

      Downtown McMinnville Commercial Building

      Commercial building with office and event space in downtown McMinnville.
      118 Northeast 4Th St, McMinnville, OR 97128
      View Details
    • $785,000

      Commercial Property in McMinnville, Oregon

      Commercial property for sale in Yamhill County, McMinnville, Oregon.
      475 NE 17Th St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      6,400 SF

      Versatile Industrial Space For Sale

      6,400 SF industrial space with expansion potential in McMinnville.
      3200 NE Rivergate St, McMinnville, OR 97128
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease.
      1755 SW Baker St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      8,620 SF

      McMinnville Office Space Available

      Office space available for rent in McMinnville, Oregon.
      375 SE Norton Ln, McMinnville, OR 97128
      View Details
    • Contact for pricing
      1,296 SF

      Modern Office Suite For Lease

      1296 sq ft office suite in industrial park.
      1535 NE Miller St, McMinnville, OR 97128
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    • Contact for pricing
      2,500 SF

      Downtown McMinnville Retail Space

      Retail space in the heart of Historical Downtown McMinnville.
      415 NE 3Rd St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Available For Lease

      1,400 SF retail space for lease at $28/SF/NNN.
      2275 NE 27Th St, McMinnville, OR 97128
      View Details
    • Contact for pricing
      1,402 SF

      Renovated Office Space For Sale

      Recently renovated office space featuring private offices, kitchen, and skylights.
      351 SE Baker St, McMinnville, OR 97128
      View Details
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    McMinnville, OR 97128
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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.

    More about this property
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    3100 Lone Oak Rd, McMinnville, OR, 97128

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