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    Lakeland Dr. unit 234/235 Lakeside, OR 97449

    View on Map
    For Sale
    $119,000

    LAND - Lakeside, OR

    Type:Single Family Residence
    Lot size:
    0.31 Acres
    Added:
    Mar 18, 2025
    Days on Market:
    380
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for Lakeland Dr. unit 234/235

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    GR
    Standard status
    Active
    APN
    7732900
    Lot size
    0.31 Acres

    Taxes and HOA fees

    TaxDescription
    23S-12W-18AB TL 234/235
    TaxAnnualAmount
    792

    We can help!

    Listing Contact
    Teresa Zamora
    Teresa Zamora

    Listing agent Teresa Zamora License #201102004

    Listing office eXp Realty, LLC 170 S 2nd St Ste 204, Salem, OR

    Listing date Mar 18, 2025

    MLS# 462029709

    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.

    Overview

    Lakeside Double Lot Ready

    This 0.31 acre double lot is located in the 55+ Lakeland Estates. All utilities are available for hookup to a modular or manufactured home. The gated community has a low monthly HOA. Residents can enjoy fishing and boating in the nearby Ten Mile Lake, as well as ATV riding to explore the dunes and beaches in the vicinity. Medical facilities and a hospital are a short 20-minute drive away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Department Store Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeside
    County
    Coos
    State
    Oregon
    Longitude
    -124.168515
    Latitude
    43.579598

    Nearby Similar for Sale

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      Tenmile Lake Waterfront Land Opportunity

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      Lakeside Oregon Homestead with Creek

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      Lakeside Land on Tenmile Lake

      4.5-acre parcel on Tenmile Lake with development potential.
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    • $199,400

      Tenmile Lake Private Lakeside Lots

      Secluded, boat-accessible lots on Tenmile Lake, Oregon.
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      Lakeside Land with Creek Frontage

      2.36 acre gated parcel with water and power available.
      Sherry Barbie, Lakeside, OR 97449
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    • $425,000

      Creek Front Parcel with Views

      2.95 acre creek front parcel on the Dunes.
      Sherry Barbie Ln, Lakeside, OR 97449
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    • $35,000

      Waterfront Land on Tenmile Lake

      Waterfront property on Tenmile Lake with development potential.
      0 Tenmile Lake, Lakeside, OR 97449
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    • $192,000

      Lakeside Land with RV Storage

      Recreational lot near dunes and lake with RV storage.
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    • $199,000

      Lakeside Treed Land For Sale

      6.7 acres of secluded, heavily treed land near South Tenmile Lake.
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    • $152,000

      Recreational Land Near Ten Mile Lake

      Cleared, level lot near marina with dune access.
      150 N 13TH St, Lakeside, OR 97449
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    • $229,000

      Lakeside Land with Lake Frontage

      5.34 acres with approximately 60' of South Tenmile Lake frontage.
      1 POTATO BOTTOM Rd unit: 601, Lakeside, OR 97449
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.31 acre double lot in 55+ Lakeland Estates.
    Where is this residential land & home lot located?
    The property is located at Lakeland Dr. unit 234/235 Lakeside, OR.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: Double lot (.31 acre) in desirable Lakeland Estates, a 55+ gated community.; Direct ATV access to dunes and beaches.; All utilities available for easy hookup to a new modular or manufactured home.
    (541) 404-5822
    We can help!
    Listing Contact
    Teresa Zamora
    Teresa Zamora
    Real Estate License ID: 201102004
    Learn More
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    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
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