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

    N Georgia Ave Klamath Falls, OR 97601

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Klamath Falls, OR

    Lot size:
    0.33 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 29 at 10:06 pm

    Property Features for N Georgia Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    611074
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Phone Available
    Water source
    Public

    We can help!

    Listing Contact
    Mitch Glen Darby

    Berkshire Hathaway HomeServices NW Real Estate

    Listing agent Mitch Glen Darby

    Listing date Mar 21, 2026

    MLS# 220216305

    Copyright © 2026 Oregon Data Share. 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

    Overview

    Residential Lots in Klamath Falls

    This offering features three residentially zoned hillside lots located in the Lakeside subdivision of Klamath Falls. The lots offer flexibility for building a home, developing investment properties, or holding for future appreciation. Potential views include Lake Ewauna and city vistas. The property is located within walking distance of downtown shops, dining, and services. Outdoor recreation is available near the Klamath River and Upper Klamath Lake, as well as Butte Valley National Grassland and the Upper Klamath, Lower Klamath, and Tule Lake National Wildlife Refuges. The property is located 61 miles from Crater Lake Lodge and 92 miles from Mt. Shasta Ski Park. The total lot size is 0.33 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.793902
    Latitude
    42.21681

    Nearby Similar for Sale

    • New
      $450,000
      7,025 SF

      Klamath Falls Commercial Building

      Two-story commercial building on a busy corner in Klamath Falls.
      3004 Altamont Dr, Klamath Falls, OR 97603
      View Details
    • $175,000
      3,100 SF

      Klamath Falls Commercial Brick Building

      3100 sq ft building suitable for various commercial uses.
      4134 Balsam Dr, Klamath Falls, OR 97601
      View Details
    • $420,000
      2,658 SF

      Updated Duplex with City Views

      Well-maintained investment property in Moyina Heights with city and mountain views.
      1752 Kimberly Dr, Klamath Falls, OR 97603
      View Details
    • $498,750
      3,325 SF

      Downtown Klamath Falls Commercial Building

      Mixed-use building with office and restaurant spaces in downtown Klamath.
      513 Main St, Klamath Falls, OR 97601
      View Details
    • $579,000
      7,320 SF

      Klamath Falls Commercial Building For Sale

      7320 SF commercial building with high traffic and leased units.
      4609 S 6Th St, Klamath Falls, OR 97603
      View Details
    • $1,075,000
      Pending

      Klamath Falls Flex Building

      Fully leased flex building with excellent history and long-term tenants.
      2815 Laverne Ave, Klamath Falls, OR 97603
      View Details
    • New
      $325,000
      2,100 SF

      Klamath Falls Multi-Family Opportunity

      Two houses on a corner lot with income potential.
      2404 Gettle St, Klamath Falls, OR 97603
      View Details
    • New
      $359,000
      1,220 SF

      Klamath Falls Income Property

      Income-producing property with two homes on a spacious lot.
      2539 Kane St, Klamath Falls, OR 97603
      View Details
    • $375,000
      2,737 SF

      Versatile Commercial Property with Residential Use

      Multi-use property in downtown Klamath Falls with commercial zoning.
      1146 Pine St, Klamath Falls, OR 97601
      View Details
    • $375,000
      2,737 SF

      Versatile Mixed-Use Property Downtown

      Commercial/residential property with multi-use potential in Klamath Falls.
      1146 Pine St, Klamath Falls, OR 97601
      View Details
    • $309,000
      1,846 SF

      Klamath Falls Duplex For Sale

      Duplex in Klamath Falls with separately fenced yards.
      1320 Summers Ln, Klamath Falls, OR 97603
      View Details
    • $649,999
      2,509 SF

      Thriving Market with Residential Unit

      Profitable market with living quarters in Klamath Falls, Oregon.
      3802 Altamont Dr, Klamath Falls, OR 97603
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three residentially zoned lots near downtown Klamath Falls, Oregon.
    Where is this residential land & home lot located?
    The property is located at N Georgia Ave Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $29,837.
    What are key features of this property?
    This property features: - Three residentially zoned hillside lots offer flexibility for building a dream home or investment properties.; - Potential views of Lake Ewauna and sweeping city vistas.; - Walking distance to downtown shops, dining, and services.
    (541) 322-8880
    Request Owner's contact information
    N Georgia Ave 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.
    N Georgia Ave
    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
    N Georgia Ave 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
    Mitch Glen Darby
    Real Estate License ID: 201216749
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!