Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land with Airport Runway Access Title is generated by Realmo AI

    100-1800 Christmas Valley Hwy, Christmas Valley, OR 97641

    View on Map
    Claim this Listing
    For Sale
    $62,500

    LAND - Christmas Valley, OR

    Lot size:
    1.20 Acres
    Added:
    May 26, 2024
    Days on Market:
    717
    Last Refresh:
    May 12 at 1:06 pm

    Property Features for 100-1800 Christmas Valley Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    27S17E14-A0-00100, 2
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    134

    We can help!

    Listing Contact
    Cheryl Morgan

    Listing agent Cheryl Morgan License #920200189

    Listing office Morgan & Associates Realty PO Box 2576, La Pine, OR

    Listing date May 26, 2024

    MLS# 3007289 Listing URL

    Copyright © 2026 Lake County 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

    • Direct access to Christmas Valley Airport runway.
    • Two .60 acre tax lots provide flexible options.
    • One lot is fully graveled with direct runway access.
    • Concrete blocks available for privacy or hangar construction.
    • Power and water available at the street.
    • Opportunity to build a home next to the runway.

    Overview

    This property presents a rare opportunity for pilots, featuring direct access to the Christmas Valley Airport runway. The offering comprises two adjacent 0.60-acre tax lots, totaling 1.2 acres, providing expanded development possibilities. One lot is fully graveled and includes direct runway access. A concrete block enclosure offers privacy and potential use in constructing an airplane hangar; the blocks are moveable for customized placement. The adjoining 0.60-acre lot is unimproved, offering open space for various development ideas. Power and water are available at the street, facilitating the installation of a septic system and construction of a home adjacent to the runway. The property is zoned R-1 and is located in Christmas Valley, Oregon.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Grocery & Convenience Store Grocery & Convenience Store Florist Clothing & Fashion Store Spa & Massage Center Auto Repair Shop Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Christmas Valley
    County
    Lake
    State
    Oregon
    Longitude
    -120.6610257
    Latitude
    43.2374664

    Nearby Similar for Sale

    • $475,000
      960 SF

      Productive Farmstead in Christmas Valley

      120-acre farm with home, wells, barns, and shop.
      91497 Christmas Valley Highway, Christmas Valley, OR 97641
      View Details
    • $35,000

      Airport Access Parcel For Sale

      Corner lot with runway access, utilities, and fire hydrant.
      Christmas Valley HWY, Christmas Valley, OR 97641
      View Details
    • $67,900
      626 SF

      Christmas Valley 5-Acre Land Parcel

      5-acre high desert parcel with well and outbuildings in Christmas Valley.
      90223 Lost Forest, Christmas Valley, OR 97641
      View Details
    • $349,900
      2,800 SF

      Christmas Valley Commercial Meeting Hall

      Versatile commercial space suitable for various business or community purposes.
      86962 Aspen Lane, Christmas Valley, OR 97641
      View Details
    • $19,000

      Commercial Lot in Christmas Valley

      Commercial-zoned land near utilities, ideal for tourism-related businesses.
      Cedar Street, Christmas Valley, OR 97641
      View Details
    • $10,000

      Christmas Valley Recreational Land

      One-acre lot near town, suitable for recreation or development.
      Pinion Lane lot: 47, Christmas Valley, OR 97641
      View Details
    • $10,000

      Christmas Valley Recreational Land Parcel

      Level 1-acre lot near town, ideal for recreation or development.
      Pinion Lane lot: 48, Christmas Valley, OR 97641
      View Details
    • $14,000

      Christmas Valley Land For Sale

      10 acre recreational land near sand dunes with mountain views.
      Fossil Lake Road, Christmas Valley, OR 97641
      View Details
    • $9,000

      Land Parcel in Christmas Valley

      Residential land near town center and golf resort.
      Cypress Street, Christmas Valley, OR 97641
      View Details
    • $8,500

      Christmas Valley Land For Sale

      2.5 acres near sand dunes, ready for recreation or building.
      Fossil Lake Road, Christmas Valley, OR 97641
      View Details
    • $15,000

      Christmas Valley Land For Sale

      10 acres near Christmas Valley sand dunes, suitable for recreation.
      N Fandango Rd., Christmas Valley, OR 97641
      View Details
    • $21,500

      Land in Christmas Valley, Oregon

      Commercial land parcel in the heart of Christmas Valley, Oregon.
      Holly Ln, Christmas Valley, OR 97641
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two adjacent lots with direct runway access and available utilities.
    Where is this commercial land located?
    The property is located at 100-1800 Christmas Valley Hwy Christmas Valley, OR.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Direct access to Christmas Valley Airport runway.; Two .60 acre tax lots provide flexible options.; One lot is fully graveled with direct runway access.
    (541) 536-5992
    We can help!
    Listing Contact
    Cheryl Morgan
    Real Estate License ID: 920200189
    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
    100-1800 Christmas Valley Hwy, Christmas Valley, OR 97641
    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!