Umatilla River Rd
Hermiston, OR 97838
(on 38.40 acres)
Local Information
- Map ViewExplore the area around Umatilla River Rd.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
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
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for Umatilla River Rd
|
|---|
Days on Market: 180+ days on Trulia |
|
|---|
Property Type / Style Property Type: Lot Land |
|
|---|
Listing Agent MLS/Source ID: 78756 |
|
|---|
Lot Area: 0.00 Acres |
Last check for updates: about 6 hours ago
Listing courtesy of Blake Knowles
The Whitney Land Company, (541) 278-4444
Source: REALSTACK, MLS#78756
Market trends in Hermiston
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
81
4MoM
Price History for Umatilla River Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 09/11/2025 | $1,440,000 | Listed For Sale | REALSTACK #78756 |
Similar Homes You May Like
2.29 ACRESSMI Commercial Real Estate LLC, Active
OPEN WED, 4-6PM1.74 ACRESStellar Realty Northwest, Active
1.48 ACRES
OPEN FRI, 4:30-6:30PMFOR SALE BY OWNER4 ACRES
23.5 ACRESBoylan Realty LLC, Active
38.49 ACRES
2.1 ACRESChristianson Realty Group, Active
27.22 ACRESJohn L Scott Hermiston, Active
2.85 ACRESDestined Realty Group, Active
19.54 ACRESJohn L Scott Hermiston, Active
22 ACRESWindermere Pacific West Prop., Active
FOR SALE BY OWNER29 ACRES
See more homes for sale inHermiston
New Listings near Umatilla River Rd
- 23.5 ACRESBoylan Realty LLC, Active
- OPEN FRI, 4:30-6:30PMFOR SALE BY OWNER4 ACRES
- OPEN WED, 4-6PM1.74 ACRESStellar Realty Northwest, Active
- 38.49 ACRES
- 2.29 ACRESSMI Commercial Real Estate LLC, Active
- 1.48 ACRES
- See more homes for sale inHermiston
Comparable Sales for Umatilla River Rd
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 | - | - | ||
1.88 | Lot/Land | $85,000 | 09/15/25 | - | - | ||
2.13 | Lot/Land | $270,000 | 11/04/25 | - | - | ||
2.14 | Lot/Land | $10,000 | 10/03/25 | - | - | ||
2.30 | Lot/Land | $110,000 | 10/30/25 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
SOLDFEB 12, 2026Preferred Realty Inc., Sold
OFF MARKETAmerican West Prop. Hermiston, Sold
SOLDJUN 17, 2026Preferred Realty Inc., Sold- FOR SALE2.29 ACRESSMI Commercial Real Estate LLC, Active
SOLDFEB 13, 2026Boylan Realty LLC, Sold
SOLDJAN 5, 2026Christianson Realty Group, Sold
Assigned Schools
These are the assigned schools for Umatilla River Rd.
- Rocky Heights Elementary School
- K-5
- Public
- 442 Students
3/10GreatSchools RatingParent Rating Averagegreat 3 out of my 4 children attendedParent Review8y ago - Armand Larive Middle School
- 6-8
- Public
- 722 Students
4/10GreatSchools RatingParent Rating AverageMiddle school is tough no matter where you go. The faculty and staff here go the extra mile to make students feel safe and welcomed.Parent Review6y ago - Hermiston High School
- 9-12
- Public
- 1705 Students
7/10GreatSchools RatingParent Rating AverageThe school itself is perfectly fine in my opinion. Our school lunch has decent variety and isn't that bad, we even get specials that can sometime be questionable, but not bad, the lunch ladies try their best and we all love them for it. HHS seems very heavily weighted towards sports, as that's what most of the budget goes towards here. Specifically male sports, which are pretty nice and pretty entertaining to watch if we get good athletes. One issue I see a lot here however, is the lack of funding for much of the other activities, a major example is the marching band, we certainly get some decent funding for stuff like trips and instruments, as well as uniforms, however the school seems to cheep out on a lot of needed things, the band members themselves might have to provide funding for our needs, such as gas money. And even when we are promised to be able to do special things like visit a mall on our way, the bus drivers are often busy and we get delayed, often by around an hour, to the point where they cut out the activity that we all were looking forward to, and it ruins our morale. The classes are fine, although some classes are not forgiving in the slightest. The teachers are amazing however, shout out to Mr. Bake and Mr. Chavez for being the nicest guys I know.Student Review1y ago 
Check out schools near Umatilla River Rd.
What Locals Say about Hermiston
At least 69 Trulia users voted on each feature.
85 % Say car is needed
78 % Say kids play outside
77 % Say parking is easy
77 % Say there's holiday spirit
74 % Say yards are well-kept
73 % Say there are sidewalks
70 % Say it's dog friendly
64 % Say streets are well-lit
58 % Say people would walk alone at night
54 % Say it's quiet
52 % Say it's walkable to grocery stores
49 % Say neighbors are friendly
43 % Say they plan to stay for at least 5 years
32 % Say there's wildlife
28 % Say it's walkable to restaurants
20 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
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.