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

    Meadow Ln Brookings, OR 97415

    View on Map
    Claim this Listing
    For Sale
    $135,000

    LAND - Brookings, OR

    Lot size:
    0.14 Acres
    Added:
    Nov 17, 2023
    Days on Market:
    888
    Last Refresh:
    Apr 23 at 6:06 pm

    Property Features for Meadow Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1-6
    Standard status
    Active
    APN
    R39317
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    P.P. 2021-05, PARCEL 1, ACRES 0.14, 4013-31DD-00703-00
    Tax Annual Amount
    513

    We can help!

    Listing Contact
    Skip Watwood
    Skip Watwood

    Listing agent Skip Watwood

    Listing office Century 21 Agate Realty PO Box 1077, OR

    Listing date Nov 17, 2023

    MLS# 23132672 Listing URL

    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

    Brookings, OR Land For Sale

    This 0.14-acre land parcel is located in the city of Brookings, Oregon. The property is situated on a corner lot within an established neighborhood. It is suitable for site-built homes, manufactured homes, or barndominiums. There are no CC&Rs. All public utilities are stubbed to the property line and are available for connection at the buyer's expense. The owner may carry. The zoning is R-1-6. Buyers are advised to conduct their own due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Brookings
    County
    Curry
    State
    Oregon
    Longitude
    -124.28116
    Latitude
    42.065809

    Nearby Similar for Sale

    • $494,900
      2,584 SF

      Brookings Duplex: Investment Opportunity

      Spacious duplex near amenities, ideal for investors or owner-occupants.
      735 2ND St, Brookings, OR 97415
      View Details
    • $499,900
      2,590 SF

      Brookings Duplex: Income Potential

      Desirable duplex near beaches, downtown, schools, shopping, and restaurants.
      226 CYPRESS St, Brookings, OR 97415
      View Details
    • $589,000

      Prime Commercial Land with Ocean Views

      2.6 acres with ocean, river, and harbor views.
      S Bank Chetco Underpas, Brookings, OR 97415
      View Details
    • $445,000
      1,436 SF

      Updated Duplex in Brookings, Oregon

      Income-generating duplex near schools, parks, shopping, and beaches.
      515 PACIFIC Ave, Brookings, OR 97415
      View Details
    • $945,000
      5,134 SF

      Brookings Multifamily Investment Opportunity

      Centrally located 8-unit apartment complex with income potential.
      542 PACIFIC Ave, Brookings, OR 97415
      View Details
    • $225,000

      Half-Acre Parcel Near Harris Beach

      Cleared, level half-acre near Harris Beach in Brookings, Oregon.
      1300 HAMPTON Rd, Brookings, OR 97415
      View Details
    • $250,000

      Coastal Land with Panoramic Views

      0.60-acre parcel with panoramic views in Brookings, Oregon.
      Harbor Vista, Brookings, OR 97415
      View Details
    • $159,000

      Prime Corner Commercial Lot

      Exceptional corner lot in Brookings, OR, ready for development.
      531 HEMLOCK St, Brookings, OR 97415
      View Details
    • $949,900
      3,296 SF

      Brookings Multi-Unit Investment Opportunity

      Charming multi-unit property on 1.64 acres near Brookings.
      17144 PARKVIEW Dr, Brookings, OR 97415
      View Details
    • $175,000

      Ocean View Homesite in Brookings

      Homesite with ocean, river, and town views in Brookings, OR.
      98007 Crown Terrace, Brookings, OR 97415
      View Details
    • $475,000
      1,500 SF

      Duplex with Ocean View

      Two-unit property on large lot with ocean views.
      265 S HAZEL St, Brookings, OR 97415
      View Details
    • $199,500

      Brookings Homesite with Ocean Views

      Homesite in Deer Park neighborhood with ocean and sunset views.
      Deer Park Dr, Brookings, OR 97415
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Brookings, Oregon, ready for development.
    Where is this land located?
    The property is located at Meadow Ln Brookings, OR.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Owner May Carry financing available.; Ready to build: site‑built, manufactured home, or barndominium allowed.; No CC&Rs (Covenants, Conditions & Restrictions).
    (541) 661-1504
    We can help!
    Listing Contact
    Skip Watwood
    Skip Watwood
    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!