Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Private Lot in Banks, Oregon Title is generated by Realmo AI

    NW Lodge Rd, Banks, OR 97106

    View on Map
    Claim this Listing
    New
    For Sale
    $299,900

    LAND - Banks, OR

    Type:Single Family Residence
    Lot size:
    2.00 Acres
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for NW Lodge Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    AF-20
    Standard status
    Active
    APN
    Not Found
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    Parcel 2 of M49 Partition Modification on Tax lot ID - 2N3190000100 2.00 acres

    We can help!

    Listing Contact
    Pat Griffith

    Listing agent Pat Griffith License #891200192

    Listing office John L. Scott 1800 NW 167th Pl Ste 100, Beaverton, OR

    Listing date May 18, 2026

    MLS# 242754517 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.

    HighLights

    • Approved Measure 49 Partition
    • Private, tucked‑away lot
    • Level to gently rolling topography
    • Thinned, 30‑year‑old timber
    • Approved plat (subject to recording)
    • Potential wooded home site

    Overview

    This is a tucked-away private lot located off Lodge Rd, north of Hwy 26 in the Banks area. The property, a Measure 49 Partition, has been approved. The topography is level to very gently rolling. The majority of the 2-acre property is covered in thinned, approximately 30-year-old timber. The property is raw land and requires well and utilities. The plat has been approved and should be recorded soon. The property could be logged, but is currently suitable as a wooded home site.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Banks
    County
    Washington
    State
    Oregon
    Longitude
    -123.101382
    Latitude
    45.640469

    Nearby Similar for Sale

    • $799,900

      Banks, OR Land Opportunity

      82.5 acres with views, privacy, and building approval.
      NW LODGE Rd, Banks, OR 97106
      View Details
    • $225,000

      Residential Lot in Banks, Oregon

      Ready-to-develop corner lot in Banks, Oregon, with utilities access.
      42211 NW BANKS Rd, Banks, OR 97106
      View Details
    • $190,000

      Banks, Oregon 10-Acre Land Parcel

      10-acre parcel zoned for Exclusive Farm Use near Hwy 26.
      NW Hidden Mountain Dr, Banks, OR 97106
      View Details
    • $200,000

      Banks, OR Wooded Land

      5+ acre wooded land parcel near Hwy 26.
      NW Hilltop Pl, Banks, OR 97106
      View Details
    • $299,000

      Land in Green Mt. Ranch

      2.59 acres in upscale neighborhood ready for dream home.
      25308 NW MOUNTAIN Dr, Banks, OR 97106
      View Details
    • $1,069,000

      Secluded Land with Modern Home

      Serene 40-acre property with newer 3-bedroom home.
      20270 NW Pihl Rd, Banks, OR
      View Details
    • Contact for pricing
      6 SF

      Industrial Land West of Main

      6.5 acre industrial land parcel with highway access in Banks.
      Industrial Land West of Main Street, Banks, OR 97106
      View Details
    • $289,999

      Land Approved for Building

      6.33-acre property near Banks, OR, ready for dream home.
      NW Green Mountain Rd., Banks, OR 97106
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      13662 NW Commerce Street, Banks, OR 97106
      View Details
    • $925,000

      Secluded Land with Custom Home

      6.43-acre property with custom-built home in Banks, Oregon.
      18282 NW HILLTOP Pl, Banks, OR 97106
      View Details
    • Contact for pricing

      Industrial Land Near Highway 6

      6.5 acre industrial land parcel with highway access.
      Industrial Land West of Main Street, Banks, OR 97106
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Tucked away 2-acre lot with timber in Banks area.
    Where is this residential land & home lot located?
    The property is located at NW Lodge Rd Banks, OR.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Approved Measure 49 Partition; Private, tucked‑away lot; Level to gently rolling topography
    (503) 939-9090
    We can help!
    Listing Contact
    Pat Griffith
    Real Estate License ID: 891200192
    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
    NW Lodge Rd, Banks, OR 97106
    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!