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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    66816 Sunrise Rd Enterprise, OR 97828

    • Commercial real estate
    • 1,296 SF
    • 157.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1050179
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 66816 Sunrise Rd

    Lot size
    157.00 lot acres
    Property size
    1,296 SF
    Property type
    Commercial real estate

    Description

    This exceptional 157-acre Oregon ranch, located 4.6 miles from Enterprise, offers a captivating blend of rustic charm and modern convenience. The property features a 3-bedroom, 2-bathroom, 1,296 sq ft manufactured home built in 2005, boasting an updated kitchen and flooring, and a newer wood stove. Extensive outbuildings support a productive ranch lifestyle, including a livestock barn, a 4,200 sq ft hay shed, a 1,440 sq ft three-bay equipment shed, and two additional general-purpose structures. Efficient livestock handling is ensured with existing corrals. The land itself is a significant asset, encompassing approximately ½ mile of Wallowa River frontage, 30.5 acres of irrigated bottom ground (currently pasture, suitable for crop production), and 44.2 acres of hillside land with water rights. The ranch's strategic location provides convenient access to local amenities, with Enterprise just 4.6 miles away, Wallowa Lake 12 miles, La Grande 60 miles, and Lewiston, ID 92 miles. The Wallowa River offers premier fishing opportunities for steelhead, rainbow trout, and Chinook salmon. Nearby Joseph State Airport provides convenient access for private aircraft. The property is situated in Wallowa County, rich in history and natural beauty, offering unparalleled access to outdoor recreation in the Pacific Northwest, including Hells Canyon and the Eagle Cap Wilderness. Buyer to perform due diligence regarding water rights and all other matters.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.359769
    Latitude
    45.44613

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    Similar Nearby for Sale

    • $325,000
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      Buildable Horse Property with Mountain Views

      3.66-acre horse property with new barn and mountain views.
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    • $1,750,000
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      Troy, Oregon Commercial Land

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      84578 Bartlett Rd, Enterprise, OR 97828
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    • $575,000
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      525 Acres of Timber and Grazing

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      Hwy 3, Enterprise, OR 97828
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    • $109,000

      Residential Land in Enterprise, Oregon

      Residential land with utilities and creek frontage in Enterprise, Oregon.
      305 Montclair St, Enterprise, OR 97828
      View Details
    • $259,000
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      Commercial Land in Wallowa County

      Commercial lot in Enterprise, Oregon with creekside access.
      River St, Enterprise, OR 97828
      View Details
    • $279,750
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      View Acres in Enterprise, Oregon

      5+/- acre view property with irrigation rights and utilities.
      Red Hawk Ln, Enterprise, OR 97828
      View Details
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    66816 Sunrise Rd
    Enterprise, OR 97828
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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