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Property profile & analytics
OFF-MARKET Estimated value $515,000
Retail space

84984 Hwy 11 Milton Freewater, OR 97862-7304

12,422 SF 3.17 ac lot Built 1981
Individually Owned 20-yr Hold Free & Clear
Property ID
US71-0501242
Property summary
AI-generated overview

This exceptional commercial property, located at 84984 HWY 11 in Milton-Freewater, Oregon, presents a unique investment opportunity. The 13,490 square foot property sits on a generous 3.17-acre lot, offering significant potential for a variety of uses. Boasting excellent highway visibility with 329 linear feet of frontage on Highway 11 and access from Ferndale Road, this location ensures high traffic exposure. The main building's adaptable layout allows for creative reconfiguration to suit diverse business needs. Currently vacant, the property includes four existing 1000 square foot (more or less) retail spaces, each with its own bathroom, easily divisible into smaller units. Adding to its versatility, a 40 x 48 foot warehouse is situated at the rear of the property. This combination of retail space and warehouse capacity makes this property ideal for a range of businesses seeking a prominent location with ample space. The asking price is $449,000. The property's zoning and potential uses should be verified independently. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant development potential. The property is located in Umatilla County, Oregon, zip code 97862.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Total area 12,422 SF
Lot 3.17 ac (138,085 SF)
Zoning code RRSC
APN 6N3524C001200
UPID US71-0501242
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
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$538k
Blend (final) Blend
$515k
Owner & transaction history
Deana J Miller · 20 yrs held
Deana J Miller
since 2006
2 recorded transactions
2006
$116,062
2006
$117,367
Zoning & alternative use
RRSC · Milton Freewater, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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