Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Buildable Creek Front Double Lot Title is generated by Realmo AI

    TL 4500 & 775 N DEERLANE Loop, Otis, OR 97368

    View on Map
    Claim this Listing
    New
    For Sale
    $175,000

    LAND - Otis, OR

    Lot size:
    0.52 Acres
    Added:
    May 31, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 2 at 5:06 am

    Property Features for TL 4500 & 775 N DEERLANE Loop

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1 Residential, Single F
    Standard status
    Active
    APN
    061034BD
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    619

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Leah Michelson

    Listing agent Leah Michelson License #201229785

    Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR

    Listing date May 31, 2026

    MLS# 26-1499 Listing URL

    Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Creek front property on Panther Creek, creating a peaceful retreat.
    • Buildable double lot, over half an acre, with a fairly level building site.
    • Located in Panther Creek Community with a Community Center.
    • Conveniently located 15 minutes from Lincoln City's shopping, dining, beaches, and casino.
    • Power available on one lot and water at the street.
    • Old septic record on file.

    Overview

    This 0.52-acre property is an excellent buildable double lot with creek frontage. Located in Otis, Oregon, the property was cleared in the last year and features Panther Creek running along the back, creating a peaceful setting. The property offers a fairly level building site. Power is available on one lot, and water is accessible at the street. The property is zoned R-1 Residential, Single F. An old septic record is on file. The Panther Creek Community includes a Community Center. The location is approximately 15 minutes from Lincoln City, providing access to shopping, dining, beaches, and a casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Showroom Food Market Storage Facility Grocery & Convenience Store Car Rental Facility Wine and Liquor Store Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Otis
    County
    Lincoln
    State
    Oregon
    Longitude
    -123.899292
    Latitude
    45.01061

    Nearby Similar for Sale

    • $175,000

      Forested Land Parcel in Otis

      2.12 acre parcel for a country home or homestead.
      1986 Salmon River Highway, Otis, OR 97368
      View Details
    • $159,950

      Residential Lot in Panther Creek

      Almost 1/2 acre residential lot ready for building.
      363 N Fawn Drive, Otis, OR 97368
      View Details
    • $99,000

      Creek Front Buildable Parcel

      Buildable parcel with creek frontage near Lincoln City.
      775 N DEERLANE Loop, Otis, OR 97368
      View Details
    • $99,000

      Creek Frontage Land in Otis

      Residential land with creek frontage, power, and water access.
      TL 4500 N Deerlane Loop, Otis, OR 97368
      View Details
    • $99,000

      Creek Front Paradise Land

      Residential land with utilities ready for your dream home.
      35 N New Bridge Court, Otis, OR 97368
      View Details
    • $329,000

      Acreage in Otis near Coast

      10.34 acre parcel with creek frontage and mountain views.
      TL 200 N Echo Mountain Rd, Otis, OR 97368
      View Details
    • $139,950

      Otis Land with Creek Frontage

      Land with creek frontage near Lincoln City's attractions.
      N New Bridge CT, Otis, OR 97368
      View Details
    • $74,950

      Affordable Lot in Otis, Oregon

      Residential lot in Otis, ready for new home.
      421 N Vista Terrace, Otis, OR 97368
      View Details
    • $188,000

      Otis Land For Sale

      Residential land near Cascade Head Ranch Nature Conservancy.
      3045 Elderberry Lane, Otis, OR 97368
      View Details
    • $74,950

      Land for Sale in Otis

      Land available on NE 10th Street, Otis, Oregon.
      3725 NE 10th Street, Otis, OR 97368
      View Details
    • $99,950

      Cleared Lot in Otis

      Cleared, level lot ready for building in Otis, Oregon.
      280 N West View Drive, Otis, OR 97368
      View Details
    • $74,950

      Land For Sale in Otis

      Land available in Otis, Oregon.
      421 N Vista Terrace, Otis, OR 97368
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half acre lot with creek frontage near Lincoln City.
    Where is this residential land & home lot located?
    The property is located at TL 4500 & 775 N DEERLANE Loop Otis, OR.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Creek front property on Panther Creek, creating a peaceful retreat.; Buildable double lot, over half an acre, with a fairly level building site.; Located in Panther Creek Community with a Community Center.
    (503) 929-2412
    We can help!
    Listing Contact
    Leah Michelson
    Real Estate License ID: 201229785
    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
    TL 4500 & 775 N DEERLANE Loop, Otis, OR 97368
    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!