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

    89384 Highway 140 Lakeview, OR 97630

    Sponsored
    For Sale
    $322,000

    Vacant Land - Lakeview, OR

    Lot size:
    40.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 1 at 6:06 am

    Property Features for 89384 Highway 140

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Rec
    APN
    39s18e00-00-03200
    Exterior features
    Access- All Year, Borders National Forest, Fenced- Full, Horse Property, Out Buildings, Pond, Storage Shed, View of Mountains
    Fencing
    Fenced, Full
    Lot size
    40.00 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    Leah Ghielmetti

    Crater Lake Realty, Inc (541) 783-2759

    Listing agent Leah Ghielmetti (541) 783-2759 License #201241965

    Listing date Jan 30, 2026

    MLS# 3007745 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.

    Learn more

    Property Insight Report

    Overview

    40 Acres with Panoramic Views

    This 40-acre property in Lakeview, Oregon, offers a unique retreat surrounded on three sides by Oregon State Park and Fremont National Forest. The land features panoramic views extending from the valley and Lakeview to California. A building permit is in place for a home site location overlooking private ponds. The property includes a permitted 35 GPM private well, a permitted and installed septic system at the home site, and an RV pad with power, water, and septic hook-ups. Underground power is available to multiple sites, and a recently upgraded gravel road provides excellent access. The property is fully enclosed with professionally installed, full perimeter 4-strand fencing and heavy-duty metal gates. Enjoy peace and privacy minutes from town, with excellent cell service. Access is provided via a private easement road through State Park land. The property also includes two ponds. This is a unique opportunity to own a fully equipped slice of Oregon's high desert beauty.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Lakeview
    County
    Lake
    State
    Oregon
    Longitude
    -120.5784507
    Latitude
    42.1800567

    Nearby Similar for Sale

    • $2,850,000
      2,501 SF

      Oregon Ranch with Water Rights

      561.39-acre organic ranch with custom home and equestrian facilities.
      17425 Andy Hill Rd, Lakeview, OR 97630
      View Details
    • $6,850,000
      Pending

      Lakeview Ranch with Recreational Opportunities

      Ranch featuring grazing land, reservoirs, and recreational activities near Lakeview.
      87754 Highway 140, Lakeview, OR 97630
      View Details
    • $650,000
      17,978 SF

      Lakeview, Oregon Commercial Building

      Multi-tenant office building in Lakeview, Oregon Opportunity Zone.
      100 N D St, Lakeview, OR 97630
      View Details
    • $7,250,000
      Pending

      Ranch with Recreational Opportunities

      Ranch offers ranching and recreational opportunities near Lakeview, Oregon.
      87754 Highway 140, Lakeview, OR 97630
      View Details
    • $200,000
      0.77 Acres

      Lakeview Income Property with Upside

      Income property with manufactured homes, RV spaces, and renovation potential.
      531 N J St St, Lakeview, OR 97630
      View Details
    • $109,900
      8,729 SF

      Historic Landmark in Lakeview, Oregon

      Iconic restaurant and bar with retail/office potential in Lakeview.
      508 N 1St St, Lakeview, OR 97630
      View Details
    • $179,000
      973 SF

      Lakeview Commercial Building with Business

      Historic commercial building with recent updates and included equipment.
      930 South F St, Lakeview, OR 97630
      View Details
    • $125,000
      1,794 SF

      Commercial Building in Lakeview, Oregon

      Commercial office building with multiple spaces in a prime location.
      17 S G St, Lakeview, OR 97630
      View Details
    • $229,000
      1,650 SF

      Turnkey Restaurant Opportunity in Lakeview

      Fully equipped restaurant for sale in high-traffic Lakeview location.
      27 N F St, Lakeview, OR 97630
      View Details

    FAQs

    What type of property is this?
    Recreation land - Lakeview, Oregon retreat with well, septic, power, and fencing.
    Where is this recreation land located?
    The property is located at 89384 Highway 140 Lakeview, OR.
    What is the asking price?
    The asking price for this property is $322,000.
    What are key features of this property?
    This property features: - 40-acre property bordering Oregon State Park & Fremont National Forest on three sides, ensuring privacy and recreational opportunities.; - Permitted 35 GPM private well, permitted & installed septic system, and building permit already in place, streamlining the building process.; - **Enjoy stunning panoramic views** of the valley, Lakeview, and extending into California.
    (541) 783-2759
    Request Owner's contact information
    89384 Highway 140 Lakeview, OR 97630
    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.
    89384 Highway 140
    Lakeview, OR 97630
    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
    89384 Highway 140 Lakeview, OR 97630
    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
    Leah Ghielmetti
    Real Estate License ID: 201241965
    (541) 783-2759
    Learn more
    Google sign-in failed. Please try again or use another login method.