Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    TL 1 Sunbow Drive Neskowin, OR 97149

    View on Map
    Claim this Listing
    New
    For Sale
    $115,000

    LAND - Neskowin, OR

    Lot size:
    1.60 Acres
    Added:
    May 6, 2026
    Days on Market:
    3
    Last Refresh:
    May 8 at 8:06 am

    Property Features for TL 1 Sunbow Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Nesk-RR Neskowin Rural Re
    Standard status
    Active
    APN
    5S1125A0-1802-
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    710

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Shae Lambert

    Listing agent Shae Lambert License #201112085

    Listing office CENTURY 21 Shorepine Properties 5975 Shorepine Drive PO Box 7, Pacific City, OR

    Listing date May 6, 2026

    MLS# 26-1192 Listing URL

    Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ocean views above the tsunami zone
    • Mostly level acreage suitable for building
    • Private and serene setting surrounded by trees and a creek
    • Electricity available at the street
    • Neskowin water supply with nearby fire hydrant
    • Gentle driveway approach

    Overview

    Coastal Acreage with Ocean Views

    This 1.6-acre coastal acreage in Neskowin, Oregon, presents a rare opportunity. The mostly level property is perched above the tsunami zone and offers ocean views, providing an ideal setting for a future home or getaway retreat. A gentle driveway approach leads to the property, while a peaceful creek borders the northern edge, creating a serene natural backdrop. The property is surrounded by privacy, towering trees, and the calming feel of the forest. Electricity is available at the street. The Neskowin water supply and a nearby fire hydrant add convenience. The zoning is Nesk-RR Neskowin Rural Re.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Dental Office Food Market Bed & Breakfast Wine and Liquor Store Carpet & Flooring Store Farmer's Market Grocery & Convenience Store Parking Lot & Garage Real Estate Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Neskowin
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.970548
    Latitude
    45.110124

    Nearby Similar for Sale

    • $399,000

      Neskowin Acreage with Ocean View

      Rare 7.53-acre parcel with ocean views, ready to build.
      2600 Aeolian Way, Neskowin, OR 97149
      View Details
    • $1,995,000
      3,692 SF

      Neskowin Home Site Opportunity

      Exceptional home site in the Hills of Neskowin community.
      57 Surfview Dr, Neskowin, OR 97149
      View Details
    • $295,000

      Buildable Lot Near Beach Access

      Rare .31-acre lot in gated community, steps to beach.
      TL 600 Kinnikinnick, Neskowin, OR 97149
      View Details
    • $195,000

      Coastal Lot in Neskowin, Oregon

      Ready-to-build lot near the Oregon Coast.
      TL 6800 Beach Crest Drive, Neskowin, OR 97149
      View Details
    • $99,900

      Neskowin Land with Ocean Views

      1.82 acres in Sahhali Shores with beach access.
      5500 Tyee Loop, Neskowin, OR 97149
      View Details
    • $995,000

      Oceanview Land in Gated Community

      2.28 acres with ocean views in Neskowin, Oregon.
      55000 Blk S Beach Rd Ptn TL 300, Neskowin, OR 97149
      View Details
    • $175,000

      Ocean View Land in Neskowin

      2.39-acre lot with ocean views and building envelope.
      2 Heron View Drive, Neskowin, OR 97149
      View Details
    • $165,000

      Ocean View Land in Neskowin

      2.35 acre lot with ocean views and building envelope.
      3 Heron View Drive, Neskowin, OR 97149
      View Details
    • $95,000

      Ocean View Lot in Neskowin

      0.42-acre lot in gated community with beach access.
      53000 Blk S Beach Road TL 219, Neskowin, OR 97149
      View Details
    • $399,000

      Neskowin Land with Ocean Views

      1.61 acre lot with panoramic ocean views in Neskowin.
      45000 Tibbets Road, Neskowin, OR 97149
      View Details
    • $350,000

      Neskowin Estate with Ocean Views

      1.15 acre Neskowin estate with panoramic ocean views.
      45000 Tibbets Road, Neskowin, OR 97149
      View Details
    • $399,000

      Neskowin Land with Ocean Views

      2.25 acre lot with panoramic ocean views in Neskowin.
      45000 Tibbetts Road, Neskowin, OR 97149
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 1.6-acre coastal property with ocean views in Neskowin, OR.
    Where is this residential land & home lot located?
    The property is located at TL 1 Sunbow Drive Neskowin, OR.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Ocean views above the tsunami zone; Mostly level acreage suitable for building; Private and serene setting surrounded by trees and a creek
    (503) 703-8299
    We can help!
    Listing Contact
    Shae Lambert
    Real Estate License ID: 201112085
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TL 1 Sunbow Drive, Neskowin, OR 97149
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!