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

    Oceanview Dr Brookings, OR 97415

    View on Map
    Sponsored
    For Sale
    $475,000

    LAND - Brookings, OR

    Lot size:
    1.30 Acres
    Days on Market:
    168
    Last Refresh:
    Mar 15 at 11:06 am

    Property Features for Oceanview Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    APN
    R21969
    Lot size
    1.30 Acres

    We can help!

    Listing Contact
    Janice Loren
    Janice Loren

    Century 21 Agate Realty (541) 661-1506

    Listing agent Janice Loren (541) 469-2143

    Listing date Sep 29, 2025

    MLS# 387796081

    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

    Brookings Land with Development Potential

    This 1.3-acre land parcel in Brookings, Oregon, offers excellent development potential. Zoned R2, the acreage may be suitable for splitting into six or fewer parcels, accommodating single-family homes, duplexes, triplexes, or fourplexes. The property was annexed into the Harbor Sanitary District in 2008 and added to the Urban Growth Boundary in 2002. The acreage features mountain views and offers privacy due to the perimeter greenery. The location is suitable for upper-level main living to capture ocean views. Situated not far from the port and beach, the property benefits from a good microclimate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Brookings
    County
    Curry
    State
    Oregon
    Longitude
    -124.257443
    Latitude
    42.03628

    Nearby Similar for Sale

    • $979,000
      5,134 SF

      Brookings Multifamily Investment Opportunity

      Centrally located 8-unit apartment complex with income potential.
      542 Pacific Ave, Brookings, OR 97415
      View Details
    • $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
    • New
      $729,000
      2,551 SF

      Coastal Triplex with Ocean Views

      Three homes near the ocean with rental income potential.
      405 Arnold Ln, Brookings, OR 97415
      View Details
    • $475,000
      1,500 SF

      Duplex with Ocean View

      Duplex on large lot with distant ocean view.
      265 S Hazel St, Brookings, OR 97415
      View Details
    • $289,000
      1,306 SF

      Brookings Home with Vaulted Ceilings

      Two-bedroom home near Oregon Coast in Brookings, Oregon.
      1475 Seacrest Ln, Brookings, OR 97415
      View Details
    • $615,000
      4,402 SF

      Brookings Commercial Office Complex

      Prime location, multiple units, high potential.
      97829 Shopping Center Ave, Brookings, OR 97415
      View Details
    • $498,000
      1.41 Acres

      Oceanview Commercial Property, Brookings OR

      1.41-acre commercial lot with ocean views. Owner financing available.
      15282 Highway 101, Brookings, OR 97415
      View Details

    FAQs

    What type of property is this?
    Land - 1.3-acre R2-zoned land parcel with development potential in Brookings, OR.
    Where is this land located?
    The property is located at Oceanview Dr Brookings, OR.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Zoned R2, allowing for single-family homes, duplexes, triplexes, or fourplexes.; - Potential to split into up to 6 parcels.; - Located in the Harbor Sanitary District (since 2008) and within the Urban Growth Boundary (since 2002).
    (541) 469-2143
    Request Owner's contact information
    Oceanview Dr Brookings, OR 97415
    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.
    Oceanview Dr
    Brookings, OR 97415
    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
    Oceanview Dr Brookings, OR 97415
    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
    Janice Loren
    Janice Loren
    (541) 469-2143 (541) 661-4197
    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!