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Property profile & analytics
OFF-MARKET
Commercial land
540 Hwy 20th N Hines, OR 97738-9403
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1115191
Property summary
AI-generated overview
This exceptional investment opportunity presents a 4,848-square-foot retail building situated on a 0.81-acre lot in Hines, Oregon. The property, built in 1997, boasts a prime location adjacent to the Best Western Inn, ensuring high visibility and accessibility. Currently leased under a gross lease agreement with a tenant occupying the space for over two decades, the lease was recently renewed for five years, extending to June 1, 2027. The lease structure is a 7% share of gross sales, providing a stable and predictable income stream. The property generated a net operating income (NOI) of $53,000 in 2021, representing a 5.5% capitalization rate. Property taxes are $10,655.93 annually (paid by the tenant). The asking price is $895,000, and financing is cash only. This is an ideal investment for those seeking a stable, income-producing asset in Eastern Oregon's thriving market. The address is 540 Hwy 20, Hines, OR 97738.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.81 ac (35,284 SF)
Zoning code
C
APN
23S 30E 13CC 00501
UPID
US71-1115191
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nolan R Giesbrecht · 1 yrs held
Nolan R Giesbrecht
since 2024
Last sale
$500,000
1 recorded transaction
Zoning & alternative use
C · Hines, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,129
Tax year 2023
Assessed value
$65,050
Assessed 2023
Previous assessed
$63,160
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$173,140
Total market value
$173,140
Applied tax rate
3,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.81 ac (35,284 SF)
Zoning code
C
APN
23S 30E 13CC 00501
UPID
US71-1115191
Jurisdiction
HARNEY
Zoning & alternative use
C · Hines, OR
Zoning C · permitted uses
C · Hines, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Nolan R Giesbrecht
Individual
Free & Clear · 1 yrs held
Mailing address
21613 HOLT CYN RD, ANDERSON, CA 96007-9781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$500,000
Nolan R Giesbrecht
Rory & Ryan LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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