Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bonanza, OR Recreation Land Title is generated by Realmo AI

    Red Deer Lane lot 2, Bonanza, OR 97623

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Bonanza, OR

    Lot size:
    2.28 Acres
    Added:
    May 16, 2025
    Days on Market:
    371
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for Red Deer Lane lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    391686
    Lot size
    2.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    73

    We can help!

    Listing Contact
    Carla Yancey
    Carla Yancey

    Listing agent Carla Yancey License #201220778

    Listing office Fisher Nicholson Realty, LLC 403 Main Street, Klamath Falls, OR

    Listing date May 16, 2025

    MLS# 220201941 Listing URL

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

    HighLights

    • 2. 5‑acre lot bordering Fremont‑Winema National Forest, offering direct access to vast recreational opportunities.
    • Abundant wildlife (deer, elk, etc.) ideal for hunting and nature observation.
    • Close proximity to world‑class fishing in the Sprague River and nearby lakes.
    • Flat, tree‑covered lot suitable for building a hunting cabin or seasonal camp.
    • Off‑grid potential with 300+ sunny days a year.
    • Serene and secluded location, 45 minutes from Klamath Falls.

    Overview

    This 2.28-acre lot on Red Deer Lane in Bonanza, Oregon, offers a flat, tree-covered landscape suitable for a hunting cabin or seasonal camp. Located approximately 200 feet from Fremont-Winema National Forest, the property provides access to abundant wildlife, including deer and elk. The area is known for world-class fishing in the Sprague River and nearby lakes. The property benefits from over 300 sunny days per year and offers off-grid potential. It is situated approximately 45 minutes from Klamath Falls. The property is suitable for hunters, anglers, and nature lovers seeking privacy and recreation. There is a road association that maintains the roads. Dues for 2026 are $75 per year. The road maintenance association's address is 6510 S 6th St #264, Klamath Falls OR 97603.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Bonanza
    County
    Klamath
    State
    Oregon
    Longitude
    -121.373714
    Latitude
    42.351983

    Nearby Similar for Sale

    • $11,000

      Bonanza, Oregon 1-Acre Residential Parcel

      Secluded 1-acre residential lot, nature lover's dream retreat!
      Grizzly Lane, Bonanza, OR 97623
      View Details
    • $11,000

      Bonanza, Oregon Residential Land Parcel

      2.18-acre residential parcel, nature lover's dream retreat near Klamath Falls.
      Grizzly Lane, Bonanza, OR 97623
      View Details
    • $68,000

      Bonanza, Oregon Half-Acre Lot

      Half-acre lot in Bonanza, Oregon with well and outbuilding.
      Grant Street, Bonanza, OR 97623
      View Details
    • $62,000

      Bonanza, Oregon 6.21-Acre Land

      6.21-acre property in Southern Oregon with approved home plans.
      11443 Fisher Street, Bonanza, OR 97623
      View Details
    • $15,500

      Bonanza, OR Buildable Land

      2.18-acre lot with mature trees and valley views.
      Widgeon Drive, Bonanza, OR 97623
      View Details
    • $115,000

      Bonanza, Oregon Acreage with Utilities

      5.39 acres with power, well, and septic approval.
      11446 Fisher Street, Bonanza, OR 97623
      View Details
    • $230,000

      Bonanza Land with Development Potential

      Cleared land in Bonanza, OR with multiple development options.
      31751 Yonna Street, Bonanza, OR 97623
      View Details
    • $18,000

      Bonanza, Oregon Treed Land

      2.36 acres of treed land near Highway 140.
      Cardinal Dr, Bonanza, OR 97623
      View Details
    • $15,925

      Forested Land in Bonanza, Oregon

      4.55 acres of forested land with view.
      Polar Bear Lane lot: 3, Bonanza, OR 97623
      View Details
    • $16,000

      Bonanza, OR Land Parcel

      2.23 acre land parcel with mountain views.
      Canvasback, Bonanza, OR 97623
      View Details
    • $16,000

      Bonanza, OR Land with Views

      2.29 acres with mature trees and mountain views.
      Canvasback Dr, Bonanza, OR 97623
      View Details
    • $42,500

      Bonanza, OR Wooded Land Parcel

      2-acre wooded parcel with septic system and driveway.
      34008 Raccoon Lane, Bonanza, OR 97623
      View Details

    FAQs

    What type of property is this?
    Recreation land - 2.28-acre lot near Fremont-Winema National Forest, ideal for recreation.
    Where is this recreation land located?
    The property is located at Red Deer Lane lot 2 Bonanza, OR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 2. 5‑acre lot bordering Fremont‑Winema National Forest, offering direct access to vast recreational opportunities.; Abundant wildlife (deer, elk, etc.) ideal for hunting and nature observation.; Close proximity to world‑class fishing in the Sprague River and nearby lakes.
    (541) 884-1717
    We can help!
    Listing Contact
    Carla Yancey
    Carla Yancey
    Real Estate License ID: 201220778
    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
    Red Deer Lane lot: 2, Bonanza, OR 97623
    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!