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Property profile & analytics
OFF-MARKET Estimated value $615,000
Commercial real estate

361 Cascade Ave Sisters, OR 97759-1020

1,120 SF 0.08 ac lot Built 1945
Entity Owned 10-yr Hold Free & Clear
Property ID
US71-0546121
Property summary
AI-generated overview

This exceptional offering presents two adjacent commercial lots totaling 0.16 acres (or purchase individually at 0.08 acres each) situated on the highly trafficked Highway 20/Cascade Avenue in the heart of Sisters, Oregon. Boasting 60 feet of prime highway frontage, these lots benefit from exceptional visibility, with daily traffic counts exceeding 9,000 vehicles and peak hourly traffic reaching 1,300 vehicles (as of 2020). The DC (Downtown Commercial) zoning allows for a diverse range of uses, including retail, professional offices, entertainment venues, childcare facilities, art galleries, hotels, and health clubs. Residential use is permitted in conjunction with commercial activities. The lots are ideally located near popular businesses such as the Stitchin' Post, High Desert Chocolates, and the Sno-Cap drive-in, as well as the Sisters Arts District and Sisters Coffee. Each lot measures 30' x 114', and the combined property offers potential Cascade Mountain views from a second story. All utilities (water, electricity, and sewer) are readily available, making this a truly ready-to-build opportunity. The asking price for both lots is $275,000. Individual lot pricing is available upon request. This is a rare chance to establish a thriving business in a vibrant and sought-after Oregon town. Don't miss this opportunity to secure a piece of Sisters' thriving commercial landscape.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Total area 1,120 SF
Lot 0.08 ac (3,485 SF)
APN 151009 BB 02000
UPID US71-0546121
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
by Request
Comparable Approach Comparable
$617k
Blend (final) Blend
$615k
Owner & transaction history
371 W Cascade LLC · 10 yrs held
371 W Cascade LLC
since 2015
3 recorded transactions
2015
$225,000
2005
$382,000
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $430,000 +2.1%
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