Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    87905 ASTOR Ln Bandon, OR 97411

    View on Map
    Claim this Listing
    For Sale
    $275,000

    LAND - Bandon, OR

    Lot size:
    1.24 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    96
    Last Refresh:
    May 3 at 12:06 am

    Property Features for 87905 ASTOR Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR2
    Standard status
    Active
    APN
    1013000
    Lot size
    1.24 Acres

    Taxes and HOA fees

    Tax Description
    Metes and Bounds (see trio and deed) as to 28S1431A0 13500 & 13800
    Tax Annual Amount
    1554

    We can help!

    Listing Contact
    Joey McNamara

    Listing agent Joey McNamara

    Listing office Real Broker 2175 NW Raleigh Street, ste 110, Portland, OR

    Listing date Jan 27, 2026

    MLS# 404504165 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

    Residential Lots Near Coastal Amenities

    Two residential lots, each 0.62 acres, combine to offer approximately 1.24 acres of land suitable for building. Located close to town and its services, the property allows for convenient access to local amenities. The location provides access to golfing at Bandon Dunes, fishing opportunities, and the shops and restaurants of Old Town. The combined lots offer flexibility for constructing a spacious coastal home, two separate residences, or creating gardens and outdoor living spaces. The property is located in Bandon, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bandon
    County
    Coos
    State
    Oregon
    Longitude
    -124.405034
    Latitude
    43.107164

    Nearby Similar for Sale

    • $195,000

      Bandon Development Opportunity: Cleared Lot

      Cleared, flat lot with flexible zoning near Bandon's attractions.
      1168 2ND St, Bandon, OR 97411
      View Details
    • $275,000

      SHOP BUILDING on Large Lot

      Large shop building near Bandon Schools with utilities available.
      485 9TH St, Bandon, OR 97411
      View Details
    • $818,600
      2,890 SF

      Ocean View Duplex Investment Opportunity

      Ocean view duplex with rental income potential near the beach.
      875 OCEAN Dr SW, Bandon, OR 97411
      View Details
    • $158,000

      Bandon, Oregon Land Opportunity

      Two parcels in Bandon, Oregon with residential/commercial possibilities.
      Baltimore Ave SE, Bandon, OR 97411
      View Details
    • $279,000

      Oceanview Land Parcel Near Bandon

      10-acre oceanview parcel near Bandon with development potential.
      Lois Ln, Bandon, OR 97411
      View Details
    • $350,000

      Two Cleared Lots in Bandon

      Two prime lots near beaches and Old Town Bandon.
      8th ST SW, Bandon, OR 97411
      View Details
    • $349,000

      Ocean Drive Homesite in Bandon

      Premier Ocean Drive lot in Bandon, Oregon, ready for development.
      Ocean Dr SW, Bandon, OR 97411
      View Details
    • $350,000

      Prime Bandon Building Lot

      Generously sized lot near wildlife refuge and beach access.
      Beach Loop Dr SW, Bandon, OR 97411
      View Details
    • $155,000

      Bandon Lot Near Amenities

      Large lot in Bandon, close to beaches and golf.
      Klamath Ave SE, Bandon, OR 97411
      View Details
    • $145,000

      Coastal Lot Near Beach Access

      Level lot in Sea Pines neighborhood, steps from the sea.
      Newport Ave SW, Bandon, OR 97411
      View Details
    • $139,000

      Highway Frontage Commercial Acreage

      Commercial land with highway frontage suitable for various businesses.
      46963 HIGHWAY 101, Bandon, OR 97411
      View Details
    • $389,000

      Cleared Lot in Prime Location

      Cleared 14,063 sqft lot near Old Town and beaches.
      8th ST SW TL 10007, Bandon, OR 97411
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two residential lots totaling 1.24 acres near Bandon's attractions.
    Where is this residential land & home lot located?
    The property is located at 87905 ASTOR Ln Bandon, OR.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 1.24 acres of land close to town and services.; Close proximity to Bandon Dunes golf, fishing, and Old Town shops/restaurants.; Potential to build a spacious coastal home.
    (360) 773-0000
    We can help!
    Listing Contact
    Joey McNamara
    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

    87905 ASTOR Ln, Bandon, OR 97411

    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!