Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3600 W Devils Lake Rd Lincoln City, OR 97367

    Sponsored
    For Sale
    $799,000

    LAND - Lincoln City, OR

    Lot size:
    0.46 Acres
    Days on Market:
    41
    Last Refresh:
    Jan 27 at 8:06 pm

    Property Features for 3600 W Devils Lake Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R1-7.5
    APN
    071102DB-302/303
    Lot size
    0.46 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Warren E Mock

    Taylor and Taylor Realty Co. (541) 994-9111

    Listing agent Warren E Mock License #200508281

    Listing date Dec 18, 2025

    MLS# LC-104735 Listing URL

    Copyright © 2025 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.

    Learn more

    Overview

    Lakefront Lots in Lincoln City

    Two lakefront lots are being sold together, totaling 0.46 acres. The level lots offer lake views and a setting for building a home or vacation retreat. Utilities are located in the street, facilitating development.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -123.996078
    Latitude
    44.993495

    Nearby Similar for Sale

    • New
      $349,000
      972 SF

      Lincoln City Triplex Investment Opportunity

      Triplex in historic Taft District, close to the beach.
      1541 SE 51St St, Lincoln City, OR 97367
      View Details
    • $1,950,000
      21,020 SF

      Highway 101 Frontage Commercial Property

      2.03 acres with 21,020 SF buildings in Lincoln City.
      6305 Highway 101 SW, Lincoln City, OR 97367
      View Details
    • New
      $2,239,900
      6,713 SF

      New Construction Multifamily Ocean View

      New six-unit multifamily property with ocean views in Lincoln City.
      305 SE Jetty Ave, Lincoln City, OR 97367
      View Details
    • $699,000
      1,980 SF

      Ocean View Duplex in Lincoln

      Income property duplex with ocean views and beach access.
      5218 NW Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $699,000
      1,980 SF

      Ocean View Duplex in Lincoln

      Income property duplex with ocean views and beach access.
      5218 NW Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $1,199,900
      3,604 SF

      Luxury Coastal Living Duplex

      New construction duplex in Lincoln City, close to amenities.
      331 SE Jetty Ave, Lincoln City, OR 97367
      View Details
    • $1,550,000
      Pending

      Lincoln City Commercial Opportunity

      Highway 101 frontage, income-producing property with development potential.
      3128 Highway 101 NE, Lincoln City, OR 97367
      View Details
    • $418,000
      1,648 SF

      Lincoln City Home with Views

      Partially finished home with ocean views and rental potential.
      1333 NE Keel Ave, Lincoln City, OR 97367
      View Details
    • $698,000
      1,628 SF

      Remodeled Commercial Building on Highway

      Remodeled commercial building with highway frontage in downtown Lincoln City.
      1316 Highway 101 NE, Lincoln City, OR 97367
      View Details
    • $1,368,000
      4,172 SF

      Lincoln City Commercial/Residential Opportunity

      Two adjacent properties with commercial and residential potential in Lincoln City.
      1330 Hwy 101/1333 NE Keel, Lincoln City, OR 97367
      View Details
    • $1,800,000
      12,300 SF

      Highway Frontage Commercial Building

      High-traffic commercial building with retail and flex space.
      1745 Highway 101 SW, Lincoln City, OR 97367
      View Details
    • $895,000
      6,346 SF

      Commercial Building in Taft District

      Commercial building on a corner lot with high visibility.
      4787 Highway 101 SW, Lincoln City, OR 97367
      View Details

    FAQs

    What type of property is this?
    Land - Two lakefront lots totaling 0.46 acres with lake views.
    Where is this land located?
    The property is located at 3600 W Devils Lake Rd Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Two lakefront lots being sold together; - Outstanding lake views; - Level lots suitable for building
    (541) 994-9111
    Request Owner's contact information
    3600 W Devils Lake Rd Lincoln City, OR 97367
    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.
    3600 W Devils Lake Rd
    Lincoln City, OR 97367
    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
    3600 W Devils Lake Rd Lincoln City, OR 97367
    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

    We can help!
    Listing Contact
    Warren E Mock
    Real Estate License ID: 200508281
    (541) 994-9111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.