Based in Salem, Oregon, Paul Kerley oversees a number of affiliated companies, including Commercial Property Resources, Inc., and Steak On The Hoof, LLC. Through the latter Salem firm, Paul Kerley successfully pursued the 2020 acquisition of a cattle ranch in Powell Butte, Oregon.
Situated on Southwest Houston Lake Road, the property covers nearly 500 acres, and 300 are suitable for agricultural use. At the center of the property, Little Houston Lake provides a pumped water source for irrigation systems, and it is also used by livestock herds. Additionally, it functions as a wildlife habitat that attracts birds and offers a home to fish. This makes it ideal for various recreational activities, from angling to hunting.
Residential structures on the farm include a four-bedroom, 2,030-square-foot ranch home. The other two homes on the land are 1,006 square feet with two bedrooms and 1,279 square feet, with three bedrooms. With a variety of equipment sheds, barns, and other outbuildings on the ranch, the property has “exclusive farm use” zoning, which keeps federal taxes to the minimum. The $2.3 million transaction used to purchase the property included underground mineral rights, as well as electrical power and well setups.
