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    Property profile & analytics

    9650 Hoffman Rd Independence, OR 97351

    • Commercial real estate
    • 3,051 SF
    • 31.15 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0772730
    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 9650 Hoffman Rd

    Lot size
    31.15 lot acres
    Property size
    3,051 SF
    Property type
    Commercial real estate

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.227534
    Latitude
    44.8642117

    Comparable in this City

    • $1,000,000
      882,827 SF

      Independence Land Development Opportunity

      Land for residential development in Independence, Oregon.
      1089 H St, Independence, OR 97351
      View Details
    • $1,000,000

      Residential Development Land For Sale

      Land with flexible zoning, ideal for residential development.
      7095 Halls Ferry Rd, Independence, OR 97351
      View Details
    • $4,500,000
      30.00 Acres

      Independence, OR Land Opportunity

      30 acre MX zoned land in Independence, Oregon.
      Jefferson St, Independence, OR 97351
      View Details
    • $2,600,000

      Industrial Zoned Land in Independence

      Industrial zoned land within Independence city limits, agricultural use currently.
      8575 Hoffman Rd, Independence, OR 97351
      View Details
    • $1,000,000
      5,150 SF

      Historic Downtown Independence Land

      Prime Commercial Land, High-Return Potential
      144 Main St, Independence, OR 97351
      View Details
    • Contact for pricing

      Heavy-Industrial Land with Rail Access

      27-acre industrial site near Salem with income potential.
      Independence, OR 97351
      View Details

    Similar Nearby for Sale

    • $2,600,000

      Industrial Zoned Land in Independence

      Industrial zoned land within Independence city limits, agricultural use currently.
      8575 Hoffman Rd, Independence, OR 97351
      View Details
    • $1,000,000
      882,827 SF

      Independence Land Development Opportunity

      Land for residential development in Independence, Oregon.
      1089 H St, Independence, OR 97351
      View Details
    • $1,000,000

      Residential Development Land For Sale

      Land with flexible zoning, ideal for residential development.
      7095 Halls Ferry Rd, Independence, OR 97351
      View Details
    • $4,500,000
      30.00 Acres

      Independence, OR Land Opportunity

      30 acre MX zoned land in Independence, Oregon.
      Jefferson St, Independence, OR 97351
      View Details
    • $1,000,000
      5,150 SF

      Historic Downtown Independence Land

      Prime Commercial Land, High-Return Potential
      144 Main St, Independence, OR 97351
      View Details
    • Contact for pricing

      Heavy-Industrial Land with Rail Access

      27-acre industrial site near Salem with income potential.
      Independence, OR 97351
      View Details
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    9650 Hoffman Rd
    Independence, OR 97351
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    Realmo Value Estimation

    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.

    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.

    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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