Add Listing
    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

    46963 Highway 101 Bandon, OR 97411

    View on Map
    Sponsored
    For Sale
    $139,000

    LAND - Bandon, OR

    Lot size:
    1.00 Acre
    Days on Market:
    44
    Last Refresh:
    Mar 12 at 8:06 pm

    Property Features for 46963 Highway 101

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    APN
    1244904
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Mel Garrett
    Mel Garrett

    Chas Waldrop Real Estate LLC (541) 347-9455

    Listing agent Mel Garrett (541) 404-3364

    Listing date Jan 27, 2026

    MLS# 351281250

    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.

    Learn more

    Property Insight Report

    Overview

    Highway Frontage Commercial Acreage

    This commercial acre in Bandon, Oregon, features 206 feet of frontage on Highway 101. The surveyed land includes an ODOT-approved driveway with an address, a 40 x 60 foot compacted parking lot with a 6-inch base, and completed septic test holes. A forest area is located at the rear of the property. The C-1 zoning allows for various businesses, including the possibility of an attached apartment. The location benefits from tourist traffic and full-time residents seeking services. City of Bandon Electric is available. A nearby Bandon Well has viewed the site favorably, and septic installers are available for a site evaluation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hotel & Motel Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bandon
    County
    Coos
    State
    Oregon
    Longitude
    -124.41553
    Latitude
    43.01131

    Nearby Similar for Sale

    • $818,600
      2,890 SF

      Ocean View Duplex Investment Opportunity

      Ocean view duplex with rental income potential near the beach.
      875 Ocean Dr SW, Bandon, OR 97411
      View Details
    • $1,149,000
      1,942 SF

      Bandon Oregon Cranberry Farm

      146 acre cranberry farm with timber and multiple residences.
      87641 E Beach Loop Rd, Bandon, OR 97411
      View Details
    • $695,000

      Old Town Bandon Restaurant Opportunity

      Fully equipped restaurant in high-traffic area near waterfront.
      145 2Nd St Se, Bandon, OR 97411
      View Details
    • $985,000
      4,600 SF

      Restaurant and Sports Bar Opportunity

      Turnkey restaurant and sports bar with highway frontage for sale.
      3030 Oregon Ave, Bandon, OR 97411
      View Details
    • $5,490,000
      31,000 SF

      Cranberry Farm with Processing Facility

      Oregon cranberry farm with processing facility and residences.
      54983 Morrison Rd, Bandon, OR 97411
      View Details
    • $985,000
      4,600 SF

      Bandon Restaurant & Bar - Hwy 101

      Turnkey Restaurant/Bar, High Traffic Location
      3030 Oregon Ave, Bandon, OR 97411
      View Details
    • $550,000
      1,542 SF

      Historic Bandon Commercial Building

      Prime Old Town Location, High Potential
      365 2Nd St, Bandon, OR 97411
      View Details
    • $1,800,000
      4,000 SF

      website

      WWW booking agreements. Check out Old Town shops
      940 Oregon Ave, Bandon, OR 97411
      View Details
    • $6,300,000
      247.00 Acres

      Oregon Cranberry Facility: Coastal Gem

      Profitable Cranberry Operation, Coastal Oregon
      54983 Morrison Rd, Bandon, OR 97411
      View Details
    • $650,000
      3,040 SF

      signage

      laminating
      240 Highway 101, Bandon, OR 97411
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with highway frontage suitable for various businesses.
    Where is this commercial land located?
    The property is located at 46963 Highway 101 Bandon, OR.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: - Highway 101 Frontage: Boasting 206 feet of frontage on a major highway, offering high visibility and accessibility.; - Development Ready: Includes surveyed land, ODOT-approved driveway, compacted parking lot, and septic test holes completed.; - Commercial & Residential Potential: Suitable for various businesses with the option for an attached apartment.
    (541) 290-9455
    Request Owner's contact information
    46963 Highway 101 Bandon, OR 97411
    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.
    46963 Highway 101
    Bandon, OR 97411
    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
    46963 Highway 101 Bandon, OR 97411
    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
    Mel Garrett
    Mel Garrett
    Real Estate License ID: 200308129
    (541) 290-9455 (541) 404-3364 (541) 347-4533
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!