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    84578 Bartlett Rd Enterprise, OR 97828
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    84578 Bartlett Rd Enterprise, OR 97828

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    • Commercial real estate
    • 2,708 SF
    • 5.00 lot acres
    For Sale
    $1,750,000
    View Listing →
    Troy, Oregon Commercial Land For Sale
    $1,750,000
    2,708 SF

    Troy, Oregon Commercial Land

    Commercial land with retail and automotive potential in Troy, Oregon.

    Enterprise, OR 97828
    View Listing
    Property ID
    US71-1054511
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 84578 Bartlett Rd

    Lot size
    5.00 lot acres
    Property size
    2,708 SF
    Property type
    Commercial real estate

    Description

    Nestled in Oregon's scenic Grande Ronde River Canyon, this exceptional 5-acre property offers a unique investment opportunity. The Troy Wilderness Lodge boasts a restaurant with a bar and gift shop, a shower house with laundry facilities, and 20 riverfront RV spaces with power and water hookups. Four rental units—three cabins and a manufactured home—provide additional income streams, complemented by three rental rooms above the restaurant. A game processing building with a walk-in cooler caters to hunters, while designated tent camping areas enhance the outdoor experience. Vacant lots offer potential for future development. The property's prime location provides access to excellent fishing (trout, salmon, steelhead) and hunting (trophy-class big game) opportunities in the Wenaha and Sled Springs hunting units. The restored salmon run adds to the natural beauty of this remarkable location, approximately 37 miles north of Enterprise, OR, and 38 miles southwest of Lewiston, ID. This turnkey operation presents a rare chance to own a thriving business in a breathtaking natural setting. The property includes 2,708 square feet of existing structures and features eight bedrooms. The asking price is $1,750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.4515779
    Latitude
    45.9461966

    Comparable in this City

    • $549,000
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      Enterprise Land with Irrigation Rights

      17-acre property with irrigation rights and panoramic views.
      65195 Klages Rd, Enterprise, OR 97828
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    • $1,750,000
      5.00 Acres

      Troy, Oregon Commercial Land

      Commercial land with retail and automotive potential in Troy, Oregon.
      84578 Bartlett Rd, 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
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    • $87,000
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      Enterprise, OR Land with Views

      Residential land with mountain and town views in Enterprise, Oregon.
      Autim St, Enterprise, OR 97828
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    • $869,000

      Enterprise Land on Golf Course

      Commercial land available on Golf Course Road in Enterprise, Oregon.
      310 Golf Course Rd, Enterprise, OR 97828
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    • New
      $315,000
      3.48 Acres

      Enterprise Land with Mountain Views

      Large 3.48 acre parcel with utilities and mountain views.
      1009 Summit Dr, Enterprise, OR 97828
      View Details

    Similar Nearby for Sale

    • $549,000
      17.64 Acres

      Enterprise Land with Irrigation Rights

      17-acre property with irrigation rights and panoramic views.
      65195 Klages Rd, Enterprise, OR 97828
      View Details
    • $1,750,000
      5.00 Acres

      Troy, Oregon Commercial Land

      Commercial land with retail and automotive potential in Troy, Oregon.
      84578 Bartlett Rd, Enterprise, OR 97828
      View Details
    • $259,000
      0.61 Acres

      Commercial Land in Wallowa County

      Commercial lot in Enterprise, Oregon with creekside access.
      River St, Enterprise, OR 97828
      View Details
    • $87,000
      0.36 Acres

      Enterprise, OR Land with Views

      Residential land with mountain and town views in Enterprise, Oregon.
      Autim St, Enterprise, OR 97828
      View Details
    • $869,000

      Enterprise Land on Golf Course

      Commercial land available on Golf Course Road in Enterprise, Oregon.
      310 Golf Course Rd, Enterprise, OR 97828
      View Details
    • New
      $315,000
      3.48 Acres

      Enterprise Land with Mountain Views

      Large 3.48 acre parcel with utilities and mountain views.
      1009 Summit Dr, Enterprise, OR 97828
      View Details
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    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.

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