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

    Hummingbird Drive Bonanza, OR 97623

    View on Map
    For Sale
    Contact for pricing

    LAND - Bonanza, OR

    Lot size:
    2.16 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for Hummingbird Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R2
    Standard status
    Active
    APN
    401620
    Lot size
    2.16 Acres

    We can help!

    Listing Contact
    Robert Tessmer

    Listing agent Robert Tessmer License #201231455

    Listing office Cascade Land And Homes LLC 536 S Main St., Lebanon, OR

    Listing date Mar 13, 2026

    MLS# 3007780 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.

    Overview

    Bonanza Land with Power Access

    This 2.16-acre property is located in Bonanza, OR. It features power access on the road edge and a power pole on the corner of the property. The land has many large trees and several potential homesites. Manufactured homes are allowed, and camping is permitted while building or developing. The property offers excellent access via a packed gravel road. There are several secluded portions of the property suitable for camping. Some small portions along the road edge show signs of a fire from a few years ago. The property offers great views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bonanza
    County
    Klamath
    State
    Oregon
    Longitude
    -121.381101
    Latitude
    42.344595

    Nearby Similar for Sale

    • $11,000

      Bonanza, Oregon Residential Land Parcel

      2.18-acre residential parcel, nature lover's dream retreat near Klamath Falls.
      Grizzly Lane unit: 9, Bonanza, OR 97623
      View Details
    • $20,000

      Bonanza, Oregon Land Parcel

      2.43-acre residential land parcel in Southern Oregon.
      Kildeer Drive unit: 19, Bonanza, OR 97623
      View Details
    • $16,000

      Bonanza, OR Land Parcel

      2.23 acre land parcel with mountain views.
      Canvasback, Bonanza, OR 97623
      View Details
    • $68,000

      Bonanza, Oregon Half-Acre Lot

      Half-acre lot in Bonanza, Oregon with well and outbuilding.
      Grant Street, Bonanza, OR 97623
      View Details
    • $62,000

      Bonanza, Oregon 6.21-Acre Land

      6.21-acre property in Southern Oregon with approved home plans.
      11443 Fisher Street, Bonanza, OR 97623
      View Details
    • $42,500

      Bonanza, OR Wooded Land Parcel

      2-acre wooded parcel with septic system and driveway.
      34008 Raccoon Lane, Bonanza, OR 97623
      View Details
    • $17,000

      Bonanza, Oregon Land with Views

      1.77 acres with water, valley, and mountain views.
      Prarie Dog Drive, Bonanza, OR 97623
      View Details
    • $17,000

      Bonanza Land with Forest Access

      2.04 acres in Bonanza, Oregon, backing public forest.
      Badger Lane, Bonanza, OR 97623
      View Details
    • $115,000

      Bonanza, Oregon Acreage with Utilities

      5.39 acres with power, well, and septic approval.
      11446 Fisher Street, Bonanza, OR 97623
      View Details
    • $89,000

      Bonanza Land with Horse Fencing

      Nearly 4 acres, fenced for horses, near Bonanza.
      6232 Bufflehead Drive, Bonanza, OR 97623
      View Details
    • $17,000

      Land in Klamath Falls Estates

      2.76 acres in Bonanza, Oregon, with mature trees.
      Hummingbird Dr, Bonanza, OR 97623
      View Details
    • $16,000

      Land Near Bonanza, Oregon

      2.65-acre parcel near Bonanza with community well.
      Seal Lane unit: 8, Bonanza, OR 97623
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.16 acre property with power access and gravel road.
    Where is this residential land & home lot located?
    The property is located at Hummingbird Drive Bonanza, OR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 2.16 acre property with multiple potential homesites.; Power available at road edge and corner.; Excellent gravel road access.
    (541) 405-4145
    We can help!
    Listing Contact
    Robert Tessmer
    Real Estate License ID: 201231455
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!