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    OFF-MARKET
    Commercial real estate

    9650 Hoffman Rd, Independence, OR 97351

    3,051 SF 31.15 ac lot
    Property ID
    US71-0772730
    Property summary
    AI-generated overview

    Exceptional 31.15-acre development opportunity in Polk County, Oregon. This property boasts a prime location at the corner of Hoffman Rd and Highway 99W, within Monmouth's urban growth boundary and surrounded by new development. The land is zoned County Industrial Park, offering significant potential. The property includes a well-maintained 3,051 sq ft, three-story home built in 1970, a substantial 125ft x 70ft metal implement storage building, and a 50ft x 25ft shop. High traffic counts on Hoffman Rd (4,867 AADT in 2021) and Highway 99W (12,415 AADT in 2021) provide excellent visibility and accessibility. This unique combination of existing structures and prime developable land presents a rare investment opportunity. The property's location within the urban growth boundary suggests future development potential, making it an attractive proposition for investors seeking a blend of immediate income and long-term growth. The asking price is $2,750,000.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 3,051 SF
    Lot 31.15 ac (1,356,894 SF)
    UPID US71-0772730
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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