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

    Parcel 1 - 1400 Nandina St, Sweet Home, OR 97386

    View on Map
    Claim this Listing
    For Sale
    $111,000

    Lot - Sweet Home, OR

    Lot size:
    0.72 Acres
    Added:
    May 13, 2025
    Days on Market:
    374
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for Parcel 1 - 1400 Nandina St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    243390
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3374

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT

    Listing agent LAURA GILLOTT

    Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM 266 E GRANT ST, Corvallis, OR

    Listing date May 13, 2025

    MLS# 828138 Listing URL

    Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved for building three 4‑unit buildings (12 units total).
    • Development opportunity.
    • Multi‑family construction potential.
    • Ready‑to‑build lot.
    • Investment property.
    • High‑density development possibility.

    Overview

    This 0.717-acre residential lot is located in Sweet Home, Oregon. The property is approved for the construction of three four-unit buildings, allowing for a total of 12 units. The site is located in Linn County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sweet Home
    County
    Linn
    State
    Oregon
    Longitude
    -122.7276717
    Latitude
    44.3999444

    Nearby Similar for Sale

    • $489,000
      2,560 SF

      Newer Duplex in Sweet Home

      Newer construction duplex with modern finishes in a strong rental area.
      1288 44TH Ave, SweetHome, OR 97386
      View Details
    • $349,900
      1,092 SF

      Sweet Home Duplex For Sale

      Duplex with updated units, garages, and rental income.
      5351 Osage St, Sweet Home, OR 97386
      View Details
    • $445,000

      Sweet Home Multifamily Development Site

      2.71-acre shovel-ready site with plans for 36-unit complex.
      1401 45th Av, Sweet Home, OR 97386
      View Details
    • $445,000

      Development Land in Sweet Home

      2.71-acre multi-family development site with engineered plans.
      1401 45th Av, Sweet Home, OR 97386
      View Details
    • $210,000

      Buildable Land with Amazing Views

      5.08 acres near Foster Lake, perfect for building a home.
      0 (tl 207) Ridgeview Ln, Sweet Home, OR 97386
      View Details
    • $175,000

      Sweet Home Acreage with Lake View

      1.7-acre lot with lake views in Sweet Home, Oregon.
      6332 Lake Pointe Wy, Sweet Home, OR 97386
      View Details
    • $165,000

      Sweet Home Land with Views

      1.24-acre land with well, ready for your dream home.
      40080 Highway 228, Sweet Home, OR 97386
      View Details
    • $995,000
      16,375 SF

      Warehouse with Office and Storage

      Two-story warehouse with offices, lobby, and fenced area.
      1305 Clark Mill Rd, Sweet Home, OR 97386
      View Details
    • $210,000

      Sweet Home Buildable Land

      5.08 acres of land near Foster Lake.
      (TL 207) Ridgeview Ln, SweetHome, OR 97386
      View Details
    • $189,000

      Land with Stunning Views

      13.64-acre parcel with gated entry and full fencing.
      Tl 823181 Scott Mountain Rd, Sweet Home, OR 97386
      View Details
    • $460,000
      3,240 SF

      Prime Retail Location For Sale

      Retail property in a thriving commercial area, zoned C2.
      1333 47th Ave, Sweet Home, OR
      View Details
    • $535,000

      Sweet Home Commercial/Industrial Land

      12.31-acre commercial/industrial property with highway exposure near Foster Lake.
      2414 Next To Main St, Sweet Home, OR 97386
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot approved for multi-unit development in Sweet Home, Oregon.
    Where is this residential land & home lot located?
    The property is located at Parcel 1 - 1400 Nandina St Sweet Home, OR.
    What is the asking price?
    The asking price for this property is $111,000.
    What are key features of this property?
    This property features: Approved for building three 4‑unit buildings (12 units total).; Development opportunity.; Multi‑family construction potential.
    (541) 451-2211
    We can help!
    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT
    Real Estate License ID: 920300248
    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

    Thank You for Inquiry
    Parcel 1 - 1400 Nandina St, Sweet Home, OR 97386
    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!