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

    Parkway Dr lot 3 La Pine, OR 97739

    View on Map
    New
    For Sale
    $274,900

    LAND - LaPine, OR

    Lot size:
    4.68 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 5 at 5:06 pm

    Property Features for Parkway Dr lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR10
    Standard status
    Active
    APN
    144037
    Lot size
    4.68 Acres

    Taxes and HOA fees

    Tax Description
    Tax Map Number: 211016C00110 | Tax Lot: 3 | Tax Block: 2
    Tax Annual Amount
    539

    We can help!

    Listing Contact
    Holly Cole

    Listing agent Holly Cole License #200903090

    Listing office Keller Williams Realty Central Oregon 233 SW Wilson Ave #102, Bend, OR

    Listing date Apr 3, 2026

    MLS# 275005240

    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

    LaPine Land: Build Your Dream

    This 4.68-acre parcel is located on Parkway Drive near Day Road. The lot is surrounded by mature ponderosa pines. La Pine State Park is located nearby, offering trails, year-round camping, and fishing and canoeing on the Deschutes River. BLM and Deschutes National Forest are also nearby. The location allows for activities such as hiking, fishing, hunting, mountain biking, and Nordic skiing. Mt. Bachelor skiing, Wickiup Reservoir, and the Fall River are a short drive away. The property is located 30 miles south of Bend and 60 miles north of Crater Lake. The property is zoned RR10. It is suitable for building a home or cabin, or for investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    La Pine
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.5455693
    Latitude
    43.7498667

    Nearby Similar for Sale

    • $495,000

      La Pine Land Opportunity

      Three taxlots totaling 3.02 acres with shop and manufactured home.
      53158 Andrews Road, La Pine, OR 97739
      View Details
    • $165,000

      Buildable Lot Near Deschutes River

      Buildable 0.33 acre lot near the Deschutes River.
      14171 Whitewater Loop, La Pine, OR 97739
      View Details
    • $139,900

      LaPine Acreage in Wagon Trail Ranch

      1.08 acre lot with community amenities in LaPine, Oregon.
      Pannier Ct lot: 20, LaPine, OR 97739
      View Details
    • $144,000

      Commercial Land in Downtown La Pine

      Build-ready commercial lot with high visibility in growing community.
      51490 Morson Street, La Pine, OR 97739
      View Details
    • $139,900

      LaPine Land in Wagon Trail Ranch

      1.09 acre lot in amenity-rich Central Oregon community.
      Pannier Ct lot: 19, LaPine, OR 97739
      View Details
    • $165,000

      Buildable Land Near Deschutes River

      Scenic 0.32 acre lot near the Big Deschutes River.
      14165 Whitewater Loop, La Pine, OR 97739
      View Details
    • $139,000

      Commercial Land in Downtown La Pine

      Build-ready commercial lot with high visibility and development potential.
      51494 Morson Street, La Pine, OR 97739
      View Details
    • $79,900

      Commercial Lot in La Pine

      Commercial lot in the heart of La Pine, Oregon.
      51555 Morson Street, La Pine, OR 97739
      View Details
    • $149,000

      La Pine Commercial Land Opportunity

      Prime commercial land in downtown La Pine, Oregon.
      51498 Morson Street, La Pine, OR 97739
      View Details
    • $65,000

      Wooded Homesite in La Pine

      Buildable half-acre lot with mature trees and approved septic.
      15627 Rim Drive, La Pine, OR 97739
      View Details
    • $75,000

      Residential Land in Sun Forest

      Secluded 1.02-acre lot backing to BLM land near national forests.
      Lanewood Drive lot: 63, La Pine, OR 97739
      View Details
    • $120,000

      La Pine Wooded Lot

      Level, wooded 1.12-acre lot in established La Pine neighborhood.
      16555 Fawn Court, La Pine, OR 97739
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.68-acre parcel near La Pine State Park, perfect for recreation.
    Where is this residential land & home lot located?
    The property is located at Parkway Dr lot 3 La Pine, OR.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: Large 4.68‑acre parcel surrounded by mature ponderosa pines offering privacy and natural beauty.; Located near La Pine State Park with access to trails, camping, fishing, and canoeing on the Deschutes River.; Proximity to BLM and Deschutes National Forest provides endless outdoor recreation opportunities.
    (541) 480-4208
    We can help!
    Listing Contact
    Holly Cole
    Real Estate License ID: 200903090
    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!