Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Infill Residential Development Lot Title is generated by Realmo AI

    1061 SE Tax ID Ainslee Ave, Depoe Bay, OR 97341

    View on Map
    Claim this Listing
    New
    For Sale
    $179,000

    LAND - DepoeBay, OR

    Lot size:
    0.20 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 1061 SE Tax ID Ainslee Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-5
    Standard status
    Active
    APN
    R106119
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    PROPERTY ID R106119 TWNSHP 09, RNG 11, ACRES 0.20, DOC202200721
    Tax Annual Amount
    638

    We can help!

    Listing Contact
    Mark Shadrin
    Mark Shadrin

    Listing agent Mark Shadrin License #201215479

    Listing office Berkshire Hathaway HomeServices Real Estate Professionals 2110 Mission Street SE Suite 310, Salem, OR

    Listing date Jun 2, 2026

    MLS# 742982497 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.

    HighLights

    • Cleared in‑town infill parcel in Depoe Bay, Oregon, with trees removed and corners staked
    • Zoned R‑5 Residential and located between existing multifamily housing and single‑family homes
    • Water meter already installed on the lot; remaining utilities available at the street
    • Gentle downslope topography suited to daylight basement construction and maximizing site usability
    • Just blocks from downtown Depoe Bay with walkable access to City Park, State Scenic Viewpoint, and the waterfront district

    Overview

    This in-town infill lot offers a cleared, build-ready starting point for residential development. The property is already staked at the corners, and trees have been removed. A water meter is on the lot, while remaining utilities are available at the street. The gentle downslope topography may support daylight basement design while helping maximize usable site area.

    Zoned R-5 Residential, the parcel sits between existing multifamily housing and single-family homes, creating a practical in-between configuration for a range of residential concepts. It is located just blocks from downtown Depoe Bay, with convenient walking access to the area’s waterfront and local amenities. The listing notes nearby attractions including the city park, a state scenic viewpoint, and the waterfront district.

    For builders and developers, the combination of R-5 zoning, cleared conditions, and on-site water availability makes this lot well suited for planning a duplex, cottage-style development, townhomes, or other higher-density residential projects consistent with the site’s residential context. The property’s proximity to downtown and beach access may also support demand for well-located coastal housing. Bring your plans and take advantage of an infill opportunity in a desirable Oregon Coast community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.054368
    Latitude
    44.810935

    Nearby Similar for Sale

    • $995,000
      4,005 SF

      Depoe Bay Investment 4-Plex

      Desirable 4-plex in Depoe Bay with good rental history.
      131 SE Ainslee Avenue, Depoe Bay, OR 97341
      View Details
    • $750,000

      Oregon Coast Development Opportunity

      19.80-acre R-2 zoned land with Hwy 101 frontage.
      S Hwy 101 lot: 500, DepoeBay, OR 97341
      View Details
    • $1,250,000

      Ocean View Residential Land

      Five tax lots with panoramic ocean views and beach access.
      TL 17700 Division Street, 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 N HIGHWAY 101, DepoeBay, OR 97341
      View Details
    • $299,000

      Oregon Coast Development Opportunity

      4.88 acre R-2 zoned land with highway frontage.
      S Hwy 101 lot: 600, DepoeBay, OR 97341
      View Details
    • $144,900

      Coastal Homesite with Bay Views

      0.66-acre homesite in Depoe Bay with bay and mountain views.
      8900 NE Harbor View Place, Depoe Bay, OR 97341
      View Details
    • $129,000

      Residential Land in Little Whale Cove

      Level lot with amenities in Little Whale Cove Community.
      Gull Station lot: 180, Depoe Bay, OR 97341
      View Details
    • $179,000

      In-Town Residential Development Lot

      Cleared, corner-staked lot with utilities at the street and R-5 zoning for flexible residential development in Depoe Bay.
      106119 SE (TID) Ainslee Avenue, Depoe Bay, OR 97341
      View Details
    • $129,000

      Residential Land in Little Whale Cove

      Level lot with utilities and community amenities in DepoeBay.
      180 Gull Station, DepoeBay, OR 97341
      View Details
    • $799,000

      Ocean View Commercial Development Opportunity

      Commercial land for sale with Highway 101 frontage.
      TL 2800 Oregon Coast HWY, Depoe Bay, OR 97341
      View Details
    • $110,000

      Ocean View Residential Lot

      Residential lot with potential ocean and harbor views.
      7200 NE Sea Star Drive, Depoe Bay, OR 97341
      View Details
    • $110,000

      Ocean View Residential Lot

      Residential lot with ocean, harbor, and mountain views.
      NE Sea Star Drive, DepoeBay, OR 97341
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared infill parcel with utilities available at the street, suited for flexible residential redevelopment in Depoe Bay.
    Where is this residential land & home lot located?
    The property is located at 1061 SE Tax ID Ainslee Ave Depoe Bay, OR.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: Cleared in‑town infill parcel in Depoe Bay, Oregon, with trees removed and corners staked; Zoned R‑5 Residential and located between existing multifamily housing and single‑family homes; Water meter already installed on the lot; remaining utilities available at the street
    (503) 983-4405
    We can help!
    Listing Contact
    Mark Shadrin
    Mark Shadrin
    Real Estate License ID: 201215479
    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

    Thank You for Inquiry
    1061 SE (Tax ID) Ainslee Ave, DepoeBay, OR 97341
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!