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

    NE Sea Star Dr, Unit 7200 Depoe Bay, OR 97341

    Sponsored
    For Sale
    $120,000

    LAND - DepoeBay, OR

    Type:Single Family Residence
    Lot size:
    0.19 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 20 at 1:06 am

    Property Features for NE Sea Star Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R-5
    APN
    R521317
    Lot size
    0.19 Acres

    We can help!

    Listing Contact
    Sara Bell
    Sara Bell

    Emerald Coast Realty (541) 563-3207

    Listing agent Sara Bell (541) 283-3589

    Listing date Feb 11, 2026

    MLS# 314026698

    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.

    Learn more

    Property Insight Report

    Overview

    Ocean View Residential Lot

    This residential lot is situated on a hill, offering views of the ocean, Depoe Bay Boat Harbor, and the surrounding mountains. Located in the View of the Bay subdivision, the lot benefits from available utilities, including electric, city water, and sewer, located at the street. The lot extends from Spring Street to Sea Star Drive. A geo report by H.G. Schlicker & Associates is available for review. House plans previously intended for the lot are available upon request. A recorded survey subdivision map is on file with the Survey department in Newport. The property is located near downtown Depoe Bay, providing access to boating, whale watching, restaurants, and local retail shops. The zoning is R-5. The lot size is 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.056799
    Latitude
    44.815076

    Nearby Similar for Sale

    • $850,000
      2,310 SF

      Ocean View Vacation Rental Property

      Successful vacation rental with ocean views and separate units.
      318 Highway 101 N, Depoe Bay, OR 97341
      View Details
    • $850,000
      2,310 SF

      Depoe Bay Multifamily with Ocean Views

      Successful vacation rental property with two units and ocean views.
      318 Highway 101 N, Depoe Bay, OR 97341
      View Details
    • $299,900
      848 SF

      Highway 101 Retail Property

      Commercial property with parking and highway frontage in Depoe Bay.
      3885 Highway 101 N, Depoe Bay, OR 97341
      View Details
    • $1,050,000
      4,005 SF

      Depoe Bay Investment 4-Plex

      Desirable 4-plex in Depoe Bay with good rental history.
      131 SE Ainslee Ave, Depoe Bay, OR 97341
      View Details
    • $250,000

      Cannabis Retail Space Opportunity

      Licensed retail space with US 101 frontage and ocean views.
      Us-101, Depoe Bay, OR 97341
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with ocean, harbor, and mountain views.
    Where is this residential land & home lot located?
    The property is located at NE Sea Star Dr, Unit 7200 Depoe Bay, OR.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Unobstructed ocean, harbor, and mountain views.; - Utilities (electric, city water, and sewer) readily available at the street.; - Geo report completed and available for review.
    (541) 961-7497
    Request Owner's contact information
    NE Sea Star Dr, Unit 7200 Depoe Bay, OR 97341
    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.
    NE Sea Star Dr, Unit 7200
    Depoe Bay, OR 97341
    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
    NE Sea Star Dr, Unit 7200 Depoe Bay, OR 97341
    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
    Sara Bell
    Sara Bell
    Real Estate License ID: 200905137
    (541) 961-7497 (541) 283-3589
    Learn more
    Google sign-in failed. Please try again or use another login method.