Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land with Mountain Views Title is generated by Realmo AI

    45 NANSEN SMT, Lake Oswego, OR 97035

    View on Map
    Claim this Listing
    For Sale
    $749,900

    LAND - LakeOswego, OR

    Type:Single Family Residence
    Lot size:
    0.25 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    132
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 45 NANSEN SMT

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R0
    Standard status
    Active
    APN
    R142234
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Description
    COURTNEY'S SUMMIT, LOT 4
    Tax Annual Amount
    4156

    We can help!

    Listing Contact
    Bev Blume
    Bev Blume

    Listing agent Bev Blume License #200712177

    Listing office Keller Williams Realty Portland Elite 9200 SE Sunnybrook blvd #205, Clackamas, OR

    Listing date Jan 23, 2026

    MLS# 377075596 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unobstructed views of Mt St Helens and Mt Adams.
    • Lot is located on top of Nansen Summit.
    • Opportunity to build a custom dream home.
    • Developer/Builder packet available.
    • Gorgeous lot.
    • High elevation.

    Overview

    This residential land is located in Lake Oswego, Oregon. The lot, situated atop Nansen Summit, offers unobstructed northern views of Mt. St. Helens and Mt. Adams. The lot size is approximately 0.25 acres. A developer/builder packet is available upon request, providing further details for prospective construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Oswego
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.721333
    Latitude
    45.43881

    Nearby Similar for Sale

    • $1,950,000
      5,950 SF

      New Modern Duplex in Oswego

      Luxury duplex with modern design, ideal for flexible living.
      5321 LAKEVIEW Blvd, LakeOswego, OR 97035
      View Details
    • $695,000

      Lake Oswego Land Opportunity

      Two legal lots in Hallinan neighborhood, build your dream home.
      1408 PINE St, LakeOswego, OR 97034
      View Details
    • $975,000

      Lake Oswego Land Opportunity

      Rare 0.388-acre parcel in established Lake Oswego neighborhood.
      16286 WALUGA Dr, LakeOswego, OR 97035
      View Details
    • $999,900

      Lake Oswego Land Opportunity

      Two adjacent lots totaling 0.53 acres in Lake Oswego.
      Ash St, LakeOswego, OR 97034
      View Details
    • $3,500,000
      4,800 SF

      Lake Oswego Retail Investment Opportunity

      Retail property with long-term leases and renewal options.
      16120 BOONES FERRY, LakeOswego, OR 97035
      View Details
    • $4,375,000
      8,747 SF

      Fully Leased Suburban Investment Opportunity

      Investment opportunity in Portland's suburban market, fully leased.
      16679 Boones Ferry Rd, Lake Oswego, OR
      View Details
    • $3,500,000
      7,330 SF

      Lake Oswego Freestanding Office Building

      Freestanding office building in central Lake Oswego with on-site parking.
      16001 Quarry Rd, Lake Oswego, OR
      View Details
    • $499,000

      Lake Oswego Residential Land Opportunity

      Half-acre property to build your dream home in LakeOswego.
      19368 RIVERWOOD Ln, LakeOswego, OR 97035
      View Details
    • $2,375,000
      6,047 SF

      Lake Oswego Office Building

      6,047 SF office building in Lake Oswego, Oregon.
      3689 Carman Dr, Lake Oswego, OR
      View Details
    • Contact for pricing
      18,300 SF

      Lake Oswego Industrial Opportunity

      18,300 SF industrial space on 0.99 acres for sale.
      221 Foothills Road, Lake Oswego, OR, 97034
      View Details
    • $425,000

      Lake Oswego Land Opportunity

      Rare .32-acre lot in coveted Lake Oswego neighborhood.
      17035 WESTVIEW Dr, LakeOswego, OR 97034
      View Details
    • $1,050,000

      Lake Oswego Land Opportunity

      Three lots in Lake Oswego offer development potential.
      18300 BRYANT Rd, LakeOswego, OR 97034
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lake Oswego land with unobstructed mountain views.
    Where is this residential land & home lot located?
    The property is located at 45 NANSEN SMT Lake Oswego, OR.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Unobstructed views of Mt St Helens and Mt Adams.; Lot is located on top of Nansen Summit.; Opportunity to build a custom dream home.
    (503) 482-8005
    We can help!
    Listing Contact
    Bev Blume
    Bev Blume
    Real Estate License ID: 200712177
    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
    45 NANSEN SMT, LakeOswego, OR 97035
    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!