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Property profile & analytics
OFF-MARKET Estimated value $615,000
Automotive properties

37 Hwy 11 Pendleton, OR 97801-7019

19,305 SF 1.61 ac lot Built 1972
Individually Owned Free & Clear
Property ID
US71-0540887
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1972
Total area 19,305 SF
Lot 1.61 ac (70,132 SF)
Zoning code C-3
APN 2N3212BB00100
UPID US71-0540887
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
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
$824k
Blend (final) Blend
$615k
Owner & transaction history
D G S Z MEYERSICK R R RABER
D G S Z MEYERSICK R R RABER
Zoning & alternative use
C-3 · Pendleton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

To provide areas for retail and service uses, and housing opportunities which are accessible to the entire community

Zone name Service Commercial
General category COMMERCIAL
Zone area 418.64 ac
Source Realmo
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