37 Hwy 11 Pendleton, OR 97801-7019
- Automotive properties
- 19,305 SF
- 1.61 lot acres
Current Use by Public Records
- Automotive properties
Property Details for 37 Hwy 11
- Year built
- 1972
- Lot size
- 1.61 lot acres
- Property size
- 19,305 SF
- Zone code
- C-3
- Property type
- Automotive properties
- APN
- 2N3212BB00100
- APU
- 2N3212BB00100
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $475,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $500,000
- Retail
- $570,000
- Mixed-Use
- $555,000
- Hospitality
- $480,000
- Educational
- $515,000
- Residential Income
- $655,000
- Energy
- $630,000
- Income-Based Land
- $480,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Pendleton
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.761
- Latitude
- 45.6739
- CBSA code
- 25840
- CBSA name
- HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA