Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Forested View Lot in Lincoln Title is generated by Realmo AI

    NE 51st Court lot 152, Lincoln City, OR 97367

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Lincoln City, OR

    Lot size:
    0.18 Acres
    Added:
    Aug 2, 2025
    Days on Market:
    287
    Last Refresh:
    May 15 at 11:06 am

    Property Features for NE 51st Court lot 152

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1-7.5
    Standard status
    Active
    APN
    061135CD-8200-00
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    575

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Michel G Roy

    Listing agent Michel G Roy License #200602207

    Listing office Lincoln City Realty, LLC 1621-1625 NW Hwy 101, Lincoln city, OR

    Listing date Aug 2, 2025

    MLS# LC-104537 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

    • Desirable Lincoln Palisades Subdivision (Phase 6)
    • Enjoy forested views
    • Utilities at the street
    • Close proximity to beach, lake, hiking trails
    • Near Roads End area in Lincoln City
    • Close proximity to golf course, casino, shopping, and restaurants

    Overview

    This 0.18-acre lot is located in Phase 6 of the Lincoln Palisades Subdivision in Lincoln City, Oregon. The property offers forested views and is situated in the north end of Lincoln City, near the Roads End area. The location provides convenient access to the beach, a lake, hiking trails, a golf course, a casino, shopping, and restaurants. All utilities are located at the street. The zoning is R1-7.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -123.861
    Latitude
    44.9454

    Nearby Similar for Sale

    • $699,000
      3,648 SF

      Highway Frontage Commercial Building

      Fully leased commercial building with highway frontage in Lincoln City.
      2728 NE HWY 101, Lincoln City, OR 97367
      View Details
    • $825,000
      336 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage in Lincoln City, Oregon.
      3632 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $425,000
      1,840 SF

      Lincoln City Duplex Investment Opportunity

      Lincoln City duplex with two units, great location, vacant.
      1035 & 1037 SW 15th Street, Lincoln City, OR 97367
      View Details
    • $539,000
      3,090 SF

      Lincoln City Triplex Near Beach

      Well-maintained triplex in a quiet neighborhood near the beach.
      675 SE KEEL Ave, LincolnCity, OR 97367
      View Details
    • $584,000
      1,840 SF

      Lincoln City Duplex and Lot

      Duplex with neighboring lot in great Lincoln City location.
      1032 SW 14th Street, Lincoln City, OR 97367
      View Details
    • $900,000
      7,562 SF

      Lincoln City Commercial Opportunity

      7,562 SF improved property on 0.48 acres, General Commercial zoning.
      2123 NE 36TH DR, Lincoln City, OR 97367
      View Details
    • $1,800,000
      12,300 SF

      Highway Frontage Commercial Building

      12,300 SF commercial building on Highway 101 frontage.
      1745 SW Hwy 101, Lincoln City, OR 97367
      View Details
    • $698,000
      1,628 SF

      Remodeled Commercial Building on Highway

      Remodeled commercial building with highway frontage in downtown Lincoln City.
      1316 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $849,900
      2,524 SF

      Remodeled Commercial Building on Highway 101

      Remodeled commercial building with indoor/outdoor seating and parking.
      1330 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $550,000
      2,406 SF

      Lincoln City Duplex Opportunity

      Duplex in central Lincoln City with rental income potential.
      1941-1945 NE 7th Drive, Lincoln City, OR 97367
      View Details
    • $695,000

      Oceanfront Homesite in Lincoln City

      Premier oceanfront land with bay and ocean views.
      395 Salishan Drive, Lincoln City, OR 97367
      View Details
    • $99,000

      Level Lot in Delake Heights

      Corner lot in desirable neighborhood, outside flood zones.
      TL 4100 SE Oar Avenue, Lincoln City, OR 97368
      View Details

    FAQs

    What type of property is this?
    Land - Desirable Lincoln Palisades Subdivision, Phase 6, near Roads End.
    Where is this land located?
    The property is located at NE 51st Court lot 152 Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Desirable Lincoln Palisades Subdivision (Phase 6); Enjoy forested views; Utilities at the street
    (541) 992-1683
    We can help!
    Listing Contact
    Michel G Roy
    Real Estate License ID: 200602207
    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
    NE 51st Court lot: 152, Lincoln City, OR 97367
    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!