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

    Kestrel Rd Klamath Falls, OR 97601

    Sponsored
    For Sale
    $69,999

    Residential Lots - Klamath Falls, OR

    Lot size:
    1.00 Acre
    Days on Market:
    18
    Last Refresh:
    Jan 30 at 8:06 pm

    Property Features for Kestrel Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    DRO
    APN
    883959
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    465
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Isaac Woodwick

    Windermere Real Estate Kf (541) 885-4400

    Listing agent Isaac Woodwick (541) 885-4400 License #201255351

    Listing date Jan 13, 2026

    MLS# 220202302 Listing URL

    Copyright © 2026 Klamath County Association of Realtors 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

    Running Y Resort Residential Lot

    Located in the Running Y Resort, this 1-acre residential lot offers western views of the Arnold Palmer Signature Golf Course, situated just off the 17th hole. The property provides ample space to build a home with convenient access to resort amenities. Residents can enjoy walking and riding trails, a fitness center with an indoor pool, spa, and sauna, pickleball and tennis courts, a playground, and restaurants, all within the Running Y Resort setting in Southern Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.874361
    Latitude
    42.278601

    Nearby Similar for Sale

    • $1,750,000
      Pending

      Spectacular Country Estate in Klamath

      175-acre estate with residence, guest house, and recreational amenities.
      17356 Hill Rd, Klamath Falls, OR 97603
      View Details
    • $4,410,000
      19.90 Acres

      Klamath Falls Heavy Industrial Opportunity

      19-acre industrial site with 108,500 sq.ft. facility.
      2350 Maywood Dr, Klamath Falls, OR 97603
      View Details
    • $3,100,000
      0.27 Acres

      Klamath Falls Multi-Tenant Commercial Building

      Fully occupied commercial building with diverse tenants and parking lot.
      125 S 6Th St, Klamath Falls, OR 97601
      View Details
    • $479,000
      0.49 Acres

      Historic Klamath Falls Building

      Beautiful, upgraded 9,799 SF building in Klamath Falls, Oregon.
      801 Jefferson St, Klamath Falls, OR 97601
      View Details
    • $375,000
      0.11 Acres

      Versatile Mixed-Use Property Downtown

      Commercial property with residential use, endless possibilities in prime location.
      1146 Pine St, Klamath Falls, OR 97601
      View Details
    • $375,000
      0.11 Acres

      Versatile Commercial Property with Residential Use

      Three-level building with two units, three kitchens, and parking.
      1146 Pine St, Klamath Falls, OR 97601
      View Details
    • New
      $1,100,000
      2,204 SF

      Klamath Falls Farm with Shop

      184-acre farm with home, shop, and irrigation near Klamath Falls.
      891 Cross Rd, Klamath Falls, OR 97603
      View Details
    • $1,800,000
      0.81 Acres

      Klamath Falls River Park Inn

      47-room inn with manager's quarters in Klamath Falls, Oregon.
      11 Main St, Klamath Falls, OR 97601
      View Details
    • $498,750
      0.08 Acres

      Downtown Klamath Falls Commercial Building

      Two commercial spaces in one seismically improved building on Main Street.
      513 Main St, Klamath Falls, OR 97601
      View Details
    • $1,100,000
      0.08 Acres

      Main Street Mixed-Use Opportunity

      Profitable business and remodeled living space on Main Street.
      1023 Main St, Klamath Falls, OR 97601
      View Details
    • $1,100,000

      Main Street Mixed-Use Opportunity

      Profitable business and remodeled living space on Main Street.
      1023 Main St, Klamath Falls, OR 97601
      View Details
    • $1,075,000
      1.04 Acres

      Flex Building in Klamath Falls

      Well-located, fully leased flex building with excellent tenant history.
      2815 Laverne Ave, Klamath Falls, OR 97603
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One acre residential lot in Running Y Resort, Klamath Falls.
    Where is this residential land & home lot located?
    The property is located at Kestrel Rd Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $69,999.
    What are key features of this property?
    This property features: - Located in the Running Y Resort with access to resort amenities.; - 1-acre lot provides ample space to build a custom home.; - Beautiful western views of the Arnold Palmer Signature Golf Course.
    (541) 892-3193
    Request Owner's contact information
    Kestrel Rd Klamath Falls, OR 97601
    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.
    Kestrel Rd
    Klamath Falls, OR 97601
    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
    Kestrel Rd Klamath Falls, OR 97601
    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
    Isaac Woodwick
    Real Estate License ID: 201255351
    (541) 892-3193
    Learn more
    Google sign-in failed. Please try again or use another login method.