Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Near Sprague River Title is generated by Realmo AI

    Rim Drive, Sprague River, OR 97639

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Sprague River, OR

    Lot size:
    1.52 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    97
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for Rim Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    346398
    Lot size
    1.52 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    51

    We can help!

    Listing Contact
    Margot R Durand
    Margot R Durand

    Listing agent Margot R Durand License #201213731

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

    Listing date Feb 13, 2026

    MLS# 220215364 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

    • 1.52 acres of residential‑zoned land with privacy and natural beauty.
    • Enjoy peekaboo river views and sweeping valley/mountain vistas.
    • Abundant outdoor recreation: fishing, hunting, kayaking, hiking, nearby BLM land.
    • Serene rural setting ideal for building a dream home or getaway cabin.
    • Easy access in a quiet Southern Oregon location.
    • Affordable opportunity to own land in the Pacific Northwest.

    Overview

    This 1.52-acre parcel of residential-zoned land is located in Sprague River, Oregon. The property offers wide-open spaces, natural beauty, and privacy. It features views of the Sprague River and sweeping vistas of the valley, surrounding mountains, and Oregon skies from the rear of the property. Outdoor recreation opportunities include fishing, hunting, kayaking, and hiking, with access to nearby BLM land. The area is rich with wildlife. This property is suited for building a home, placing a cabin, or creating a weekend retreat. It offers access and a rural setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sprague River
    County
    Klamath
    State
    Oregon
    Longitude
    -121.503
    Latitude
    42.4594

    Nearby Similar for Sale

    • $425,000

      Sprague River 160-Acre Property

      160 acres in Sprague River with agriculture and recreational appeal.
      Sprague River Highway, Sprague River, OR 97639
      View Details
    • $11,000

      Sprague River Land For Sale

      1.68-acre residential lot perfect for off-grid living.
      Rim Drive, Sprague River, OR 97639
      View Details
    • $12,000

      Sprague River Land For Sale

      1.69 acre commercial land in Sprague River, Oregon.
      Kootenai Street lot: 21, Sprague River, OR 97639
      View Details
    • $11,000

      Residential Land with Mountain Views

      2.41 acres ready for your dream home in Sprague River.
      Mule Deer Drive, Sprague River, OR 97639
      View Details
    • $10,000

      Sprague River Waterfront Land

      1.5 acres overlooking Sprague River, ideal for outdoor enthusiasts.
      28319 Drews Road, Sprague River, OR 97639
      View Details
    • $11,000

      Residential Lot in Sprague River

      1.52-acre residential lot in Sprague River, Oregon.
      Clackamas Street, Sprague River, OR 97639
      View Details
    • $99,000

      Sprague River Recreational Acreage

      100 acres of recreational land in Sprague River, Oregon.
      Tableland Road, Sprague River, OR 97639
      View Details
    • $11,000

      Residential Lot in Sprague River

      1.5-acre residential lot in Sprague River, Oregon.
      Curry Street, Sprague River, OR 97639
      View Details
    • $13,000

      Sprague River Acreage with Views

      1.58 acres with river and mountain views in Oregon.
      Drews Road, Sprague River, OR 97639
      View Details
    • $10,000

      20 Acres Recreational Land

      20-acre recreational property perfect for peace and seclusion.
      Tableland Road, Sprague River, OR 97639
      View Details
    • $11,000

      Residential Lot in Sprague River

      1.51-acre residential lot with river and valley views.
      Curry Street, Sprague River, OR 97639
      View Details
    • $15,500

      Residential Land in Sprague River

      5.59 acres of residential land with trees.
      Oregon Pines Road lot: 14, Sprague River, OR 97639
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.52 acres of residential-zoned land in Southern Oregon.
    Where is this residential land & home lot located?
    The property is located at Rim Drive Sprague River, 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: 1.52 acres of residential‑zoned land with privacy and natural beauty.; **Enjoy peekaboo river views and sweeping valley/mountain vistas.**; Abundant outdoor recreation: fishing, hunting, kayaking, hiking, nearby BLM land.
    (541) 274-1903
    We can help!
    Listing Contact
    Margot R Durand
    Margot R Durand
    Real Estate License ID: 201213731
    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
    Rim Drive, Sprague River, OR 97639
    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!