37 Hwy 11 Pendleton, OR 97801-7019
This exceptional commercial property, located at 37 Highway 11 in Pendleton, Oregon, presents a rare investment opportunity. The property encompasses three tax lots totaling 4.74 acres of land, strategically situated on Highway 11 near Highway 30, providing easy access to Interstate 84 and key transportation routes to Walla Walla and Mission. The site boasts high visibility and traffic volume, making it ideal for a variety of commercial uses. The main building, a former Ford dealership, offers 13,505 square feet of space, easily divisible for multiple tenants. This building features seven overhead doors of varying sizes (one 11x18, three 11x12, one 10x18, and two 12x12), along with approximately 7,000 square feet of office/lobby space, 5,300 square feet of shop space, and 1,000 square feet of storage rooms. Amenities include private offices, storage rooms, a break room, three bathrooms, and a service counter/windows. A second building, totaling 5,000 square feet, includes four 10x12 overhead doors, approximately 3,775 square feet of shop space, 300 square feet of office space, 950 square feet of storage/warehouse space, and an additional 800 square feet of attached storage. Currently, the second building generates $1,300 per month in rental income, a third fenced lot brings in $600 per month, and a small parking area generates $1,500 annually in rental income. A billboard lease adds another $1,000 annually. The asking price for this unique and versatile property is $1,300,000.
To provide areas for retail and service uses, and housing opportunities which are accessible to the entire community
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Pendleton, ORTo provide areas for retail and service uses, and housing opportunities which are accessible to the entire community
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.