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

    Forest Ridge Rd Springfield, OR 97478

    Sponsored
    For Sale
    $85,000

    LAND - Springfield, OR

    Type:Single Family Residence
    Lot size:
    0.98 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 5 at 8:06 am

    Property Features for Forest Ridge Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R-1
    APN
    1792447
    Lot size
    0.98 Acres

    We can help!

    Listing Contact
    Janine Douglas
    Janine Douglas

    ICON Real Estate Group (541) 729-4063

    Listing agent Janine Douglas (541) 915-2080

    Listing date Jan 14, 2026

    MLS# 520732026

    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

    Residential Land in Mountaingate Neighborhood

    This residential land is located in the Mountaingate neighborhood of Springfield, Oregon. The lot size is approximately 0.98 acres. Utilities are available. The adjacent lot is also available for purchase. The property offers views and is suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -122.912066
    Latitude
    44.037805

    Nearby Similar for Sale

    • $1,745,000
      4,968 SF

      Turnkey 7-Unit Multifamily Property

      Newly constructed/renovated 7-unit property in Springfield, Oregon.
      1638 S St, Springfield, OR 97477
      View Details
    • $435,000
      1,666 SF

      Springfield Duplex with Rental History

      Desirable duplex in Springfield with a solid rental history.
      353 71St St, Springfield, OR 97478
      View Details
    • $699,000
      3,604 SF

      Springfield Fourplex with Immediate Income

      Four 2-bedroom units, leased, new roof, convenient location.
      1194 R St, Springfield, OR 97477
      View Details
    • $985,000
      3,744 SF

      Four-Unit Multifamily Property in Springfield

      Four turnkey rental units, 100% occupied, in a convenient location.
      1905 17Th St, Springfield, OR 97477
      View Details
    • $699,900
      3,372 SF

      Updated Fourplex in Springfield, Oregon

      Well-maintained fourplex with recent upgrades and long-term tenants.
      5495 72Nd St, Springfield, OR 97478
      View Details
    • $340,000
      2,528 SF

      Versatile Commercial Industrial Property

      Commercial Industrial-zoned property with shop/warehouse, ideal for various businesses.
      1089 28Th St, Springfield, OR 97477
      View Details
    • $375,000
      2,803 SF

      Two Homes on One Lot

      Two detached homes on one lot in Springfield, Oregon.
      425 S 3Rd St, Springfield, OR 97477
      View Details
    • $85,000

      Charming Home in 55+ Community

      Comfortable 3-bedroom home in a premier 55+ community.
      1125 58Th St, Springfield, OR 97478
      View Details
    • $350,000

      Updated Condo at The Pointe

      Updated condo with modern finishes and fantastic community amenities.
      650 Harlow Rd, Springfield, OR 97477
      View Details
    • $69,900
      784 SF

      2023 Fleetwood Home in 55+ Community

      Modern 2-bedroom home in active 55+ community with resort-style amenities.
      5335 Main St, Springfield, OR 97478
      View Details
    • $420,000

      Farm-Ready Property with Updated Home

      Versatile property featuring updated home, fruit trees, and outbuildings.
      90948 Sunderman Rd, Springfield, OR 97478
      View Details
    • Contact for pricing
      840 SF

      Chalet Village Home for Sale

      Two-bedroom home in 55+ community with amenities and convenient location.
      205 S 54Th St, Springfield, OR 97478
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Springfield, Oregon with utilities available.
    Where is this land located?
    The property is located at Forest Ridge Rd Springfield, OR.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Just under one acre of land to build a dream home.; - Located in the desirable Mountaingate neighborhood.; - Fantastic views from the property.
    (541) 915-2080
    Request Owner's contact information
    Forest Ridge Rd Springfield, OR 97478
    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.
    Forest Ridge Rd
    Springfield, OR 97478
    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
    Forest Ridge Rd Springfield, OR 97478
    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
    Janine Douglas
    Janine Douglas
    Real Estate License ID: 940400096
    (541) 915-2080
    Learn more
    Google sign-in failed. Please try again or use another login method.