Home Highlights
Lot/Land
38.4 acre lot
Local Information
- Map ViewExplore the area around Umatilla River Rd.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
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About this House
The Hermiston Development property is 38.4 +/- contiguous acres of vacant land, zoned R-1, located within the city limits of Hermiston, OR. Residing at the end of West Punkin Center Road, the location is perfect with quick access to the heart of town as well as an easy exit if your travels take you elsewhere. The property is situated on a mild sloping hill, allowing for excellent top to bottom southward views of the City of Hermiston, the northeastern Oregon's rolling foothills, as well as the more distant Blue Mountains.
Hermiston Growth and Economy:
Hermiston, Oregon, has experienced significant economic growth in recent years, positioning itself as a dynamic hub in Eastern Oregon. In 2024, the city set a new benchmark with commercial, industrial, and residential construction permits totaling $266 million, marking a record for development and investment. This surge in construction activity aligns with Hermiston's robust population growth; projections indicate a 33% increase from 2016 to 2035, with 80% of Umatilla County's growth occurring in the Greater Hermiston Area. This expansion is further supported by the area's strategic location near major freeways and proximity to the Tri-Cities in Washington, enhancing its appeal for logistics and data center operations. As Hermiston continues to grow, it attracts significant investments, diversifies its economy, and solidifies its status as a key economic center in the region.
IRS Opportunity Zone:
The property also sits inside a designated IRS Opportunity Zone, providing additional incentives and possible funding help for development projects. Here are the key benefits for investors in Opportunity Zones (Chatgpt):
An IRS Opportunity Zone is a designated area in the United States where investors can receive tax incentives to encourage long-term investments in economically distressed communities. These zones were created under the Tax Cuts and Jobs Act of 2017 to help stimulate economic development in low-income areas by offering tax breaks for investments in these regions.
Capital Gains Deferral: Investors can defer tax on capital gains from the sale of assets if the proceeds are invested in Qualified Opportunity Funds (QOFs) that invest in Opportunity Zones.
Exclusion of Gains: If the investment is held for at least 10 years, any capital gains from the Qualified Opportunity Fund's investment are excluded from taxes.
Exclusion of Gains from Original Investment: There are also benefits for gains on the sale of an investment in a Qualified Opportunity Fund after holding it for a set period. These incentives are meant to drive investment in infrastructure, housing, and businesses, helping to revitalize underdeveloped areas while providing investors with substantial tax savings.
West Punkin Center Extension Project:
The future looks bright for this property as proposed city expansion will bring one of Hermiston's largest expansion projects right to the doorstep of this land. The West Punkin Center Extension Project will extend the existing Punkin Center Road straight out, bridging the Umatilla River, and connecting with existing road system on the west side of the river, taking you straight to Interstate 82 access. This future development will provide a new main-line outlet for travelers and commuters alike, furthering the options and opportunities associated with this property.
Property Quick Facts:
-38.4 +/- acres zoned R-1 (minimum lot size 8,000sqft) within the city limits of Hermiston, OR.
- Property sits inside an IRS Opportunity Zone, providing additional tax breaks for every dollar spent on development or improvements.
- Adjacent to the future site of the West Punkin Center Extension Project which will extend the existing road, bridge the Umatilla River, and provide new direct access to I-82. This road will serve as a major Ingress/Egress option for Hermiston small vehicle travel.
Hermiston Growth and Economy:
Hermiston, Oregon, has experienced significant economic growth in recent years, positioning itself as a dynamic hub in Eastern Oregon. In 2024, the city set a new benchmark with commercial, industrial, and residential construction permits totaling $266 million, marking a record for development and investment. This surge in construction activity aligns with Hermiston's robust population growth; projections indicate a 33% increase from 2016 to 2035, with 80% of Umatilla County's growth occurring in the Greater Hermiston Area. This expansion is further supported by the area's strategic location near major freeways and proximity to the Tri-Cities in Washington, enhancing its appeal for logistics and data center operations. As Hermiston continues to grow, it attracts significant investments, diversifies its economy, and solidifies its status as a key economic center in the region.
IRS Opportunity Zone:
The property also sits inside a designated IRS Opportunity Zone, providing additional incentives and possible funding help for development projects. Here are the key benefits for investors in Opportunity Zones (Chatgpt):
An IRS Opportunity Zone is a designated area in the United States where investors can receive tax incentives to encourage long-term investments in economically distressed communities. These zones were created under the Tax Cuts and Jobs Act of 2017 to help stimulate economic development in low-income areas by offering tax breaks for investments in these regions.
Capital Gains Deferral: Investors can defer tax on capital gains from the sale of assets if the proceeds are invested in Qualified Opportunity Funds (QOFs) that invest in Opportunity Zones.
Exclusion of Gains: If the investment is held for at least 10 years, any capital gains from the Qualified Opportunity Fund's investment are excluded from taxes.
Exclusion of Gains from Original Investment: There are also benefits for gains on the sale of an investment in a Qualified Opportunity Fund after holding it for a set period. These incentives are meant to drive investment in infrastructure, housing, and businesses, helping to revitalize underdeveloped areas while providing investors with substantial tax savings.
West Punkin Center Extension Project:
The future looks bright for this property as proposed city expansion will bring one of Hermiston's largest expansion projects right to the doorstep of this land. The West Punkin Center Extension Project will extend the existing Punkin Center Road straight out, bridging the Umatilla River, and connecting with existing road system on the west side of the river, taking you straight to Interstate 82 access. This future development will provide a new main-line outlet for travelers and commuters alike, furthering the options and opportunities associated with this property.
Property Quick Facts:
-38.4 +/- acres zoned R-1 (minimum lot size 8,000sqft) within the city limits of Hermiston, OR.
- Property sits inside an IRS Opportunity Zone, providing additional tax breaks for every dollar spent on development or improvements.
- Adjacent to the future site of the West Punkin Center Extension Project which will extend the existing road, bridge the Umatilla River, and provide new direct access to I-82. This road will serve as a major Ingress/Egress option for Hermiston small vehicle travel.
Contact this Building
Last check for updates: about 18 hours ago
Listing courtesy of Blake Knowles
The Whitney Land Company, (541) 278-4444
Source: REALSTACK, MLS#78756
Home Details for Umatilla River Rd
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Days on Market: 180+ days on Trulia |
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Property Type / Style Property Type: Lot Land |
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Listing Agent MLS/Source ID: 78756 |
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Lot Area: 0.00 Acres |
Around this home
What Locals Say about Hermiston
At least 70 Trulia users voted on each feature.
85 % Say car is needed
78 % Say kids play outside
77 % Say parking is easy
76 % Say there's holiday spirit
74 % Say yards are well-kept
73 % Say there are sidewalks
70 % Say it's dog friendly
65 % Say streets are well-lit
59 % Say people would walk alone at night
55 % Say it's quiet
52 % Say it's walkable to grocery stores
49 % Say neighbors are friendly
44 % Say they plan to stay for at least 5 years
31 % Say there's wildlife
29 % Say it's walkable to restaurants
20 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Hermiston
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
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Available listings
101
19MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.15 | Lot/Land | $100,000 | 06/08/26 | - | - | ||
1.42 | Lot/Land | $190,000 | 12/05/25 | - | - | ||
1.59 | Lot/Land | $55,000 | 04/03/26 | - | - | ||
1.73 | Lot/Land | $400,000 | 04/14/26 | - | - | ||
1.72 | Lot/Land | $140,000 | 04/01/26 | - | - | ||
1.76 | Lot/Land | $160,000 | 01/26/26 | - | - | ||
1.73 | Lot/Land | $147,500 | 06/23/26 | - | - | ||
2.13 | Lot/Land | $270,000 | 11/04/25 | - | - | ||
2.20 | Lot/Land | $249,000 | 08/11/26 | - | - | ||
2.23 | Lot/Land | $249,000 | 08/11/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.16 | $1,440,000 | - | - | - | For Sale | |
0.33 | $625,000 | 4 | 3 | 2,778 | Recently Sold | |
0.45 | $338,300 | 3 | 2 | 1,788 | Off Market | |
0.45 | $335,500 | 3 | 2 | 1,808 | Off Market | |
0.47 | $192,400 | 2 | 1 | 1,278 | Off Market | |
0.50 | $523,100 | 3 | 3 | 2,632 | Off Market | |
0.51 | $388,000 | 4 | 2 | 2,013 | Recently Sold | |
0.51 | - | - | - | - | Off Market | |
0.51 | $995,000 | 11 | 6 | 5,670 | For Sale | |
0.53 | $500,000 | 3 | 3 | 2,058 | Recently Sold | |
0.51 | $175,000 | - | - | - | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 11, 2025 Source: REALSTACK #78756 | Listed For Sale | $1,440,000 |
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Frequently asked questions about Umatilla River Rd
- How big is Umatilla River Rd?Umatilla River Rd in Hermiston, OR is about 38.4 acres.
- What is the price per acre for Umatilla River Rd?Umatilla River Rd in Hermiston, OR is listed at $1,440,000, or about $40K per acre.
- What do residents say about Hermiston?Residents describe Hermiston, OR as easy to park in, well-kept, and pedestrian-friendly. See homes for sale in Hermiston, OR.
- What are the closest schools to Umatilla River Rd?The closest schools to Umatilla River Rd in Hermiston, OR are Armand Larive Middle School (rated 4/10), Hermiston High School (rated 7/10), Rocky Heights Elementary School (rated 3/10).
Umatilla River Rd, Hermiston, OR 97838 is a lot/land. This property is currently available for sale and was listed by REALSTACK on Sep 11, 2025. The MLS # for this home is MLS# 78756.