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

    71 CASTAWAY Florence, OR 97439

    View on Map
    Claim this Listing
    For Sale
    $129,000

    LAND - Florence, OR

    Lot size:
    0.11 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 25 at 6:06 am

    Property Features for 71 CASTAWAY

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CV
    Standard status
    Active
    APN
    1040243
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    18-12-23-31-16900
    Tax Annual Amount
    503

    We can help!

    Listing Contact
    Desiree Clifton
    Desiree Clifton

    Listing agent Desiree Clifton License #200410278

    Listing office Windermere Real Estate Lane County 1625 12th St, Florence, OR

    Listing date Mar 16, 2026

    MLS# 144288553 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.

    Overview

    Oregon Coast Retreat Ready for RV

    This property offers a blend of outdoor relaxation and comfort, serving as a home base for coastal adventures. It features two outdoor entertainment areas: a backyard patio with custom retaining walls and slate pavers, and a side yard with a custom fire pit surrounded by concrete pavers. The lot is ready for an RV with hookups on site. A 120-gallon propane tank is on the premises to service a trailer and BBQs. Storage is available with a new 7x7 shed and a remodeled 7x8 bunkhouse/workshop that includes electricity. The bunkhouse/workshop is suitable for a workshop or project space. The gated community provides amenities including a clubhouse, pool, laundry facilities, community garden area, and an exercise room. The property is located in Florence, Oregon, in Lane County, with a lot size of 0.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lane
    State
    Oregon
    Longitude
    -124.096254
    Latitude
    43.990971

    Nearby Similar for Sale

    • $700,000
      6,500 SF

      Highway 101 Visible Commercial Property

      Commercial property in Florence with highway visibility and flexible zoning.
      1130 Quince Street, Florence, OR 97439
      View Details
    • $745,000
      3,168 SF

      Modern Florence Multifamily Investment Property

      Well-maintained 4-plex near park and schools, turnkey rental portfolio.
      1610 19TH St, Florence, OR 97439
      View Details
    • $1,500,000
      6,522 SF

      Income-Producing Duplexes Near Central Amenities

      Four fully rented duplexes in a convenient central location.
      1320 SPRUCE St, Florence, OR 97439
      View Details
    • $300,000

      Siuslaw Riverfront Lot in Florence

      Riverfront lot in gated community, ready for custom home.
      59 SHORELINE Dr, Florence, OR 97439
      View Details
    • $458,000

      Highway Frontage Commercial Lot

      Prime commercial lot with highway frontage in Florence, Oregon.
      1073 HIGHWAY 101, Florence, OR 97439
      View Details
    • $339,000

      Prime Commercial Land Near Highway

      Commercial land near Highway 101, close to amenities.
      TL 2000 HIGHWAY 101, Florence, OR 97439
      View Details
    • $265,000

      Buildable Lot Near Woahink Lake

      One-acre buildable lot near Woahink Lake in Florence, Oregon.
      Summerbell Dr lot: 7, Florence, OR 97439
      View Details
    • $120,000

      Coastal Homesite Near Florence

      Homesite in Heceta South neighborhood, minutes from Florence amenities.
      Wood Lake Way, Florence, OR 97439
      View Details
    • $395,000

      Commercial Land in Florence, Oregon

      2.45 acres of commercial land with utilities available.
      5301 HIGHWAY 101, Florence, OR 97439
      View Details
    • $40,000

      Coastal Land Investment Opportunity

      Five lots near the beach in gated community.
      Shoreline Dr, Florence, OR 97439
      View Details
    • $129,000

      Corner Parcel in Woahink Ridge

      Corner lot in Florence's desirable Woahink Ridge Estates.
      5591 CHITTUM Loop, Florence, OR 97439
      View Details
    • $350,000

      Florence Land Development Opportunity

      Residential development land with utilities nearby in Florence, Oregon.
      Spruce St, Florence, OR 97439
      View Details

    FAQs

    What type of property is this?
    Recreation land - Charming property with amenities in gated community, ready for RV.
    Where is this recreation land located?
    The property is located at 71 CASTAWAY Florence, OR.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: RV Ready: Includes RV hookups and a 120‑gallon propane tank; Two Outdoor Entertainment Areas: Backyard patio with custom retaining walls and slate pavers, plus a side yard with a custom fire pit and concrete pavers; Remodeled Bunkhouse/Workshop: A 7x8 space with electricity, suitable for a workshop or project area
    (541) 999-5223
    We can help!
    Listing Contact
    Desiree Clifton
    Desiree Clifton
    Real Estate License ID: 200410278
    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!