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    Secluded Hilltop Build Site Title is generated by Realmo AI

    TA 535399 Home Run Ln SE, Turner, OR 97392

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    For Sale
    $335,000

    LAND - Turner, OR

    Lot size:
    3.30 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    137
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for TA 535399 Home Run Ln SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    535399
    Lot size
    3.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    598

    We can help!

    Listing Contact
    LYNETTE HAWKINS

    Listing agent LYNETTE HAWKINS License #201232425

    Listing office REALTY ONE GROUP WILLAMETTE VALLEY 2668 CASCADIA INDUSTRIAL ST SE #150, Salem, OR

    Listing date Jan 22, 2026

    MLS# 836899 Listing URL

    Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3+ private acres with sweeping mountain range views
    • Fresh new asphalt driveway and private drive through trees to a hilltop build site
    • Scenic hilltop overlooking rolling farmland and Mt. Hood
    • Septic approved for custom home, shop, RV parking, or small hobby farm (buyer to verify)
    • Easy access to I‑5 and minutes to Turner, South Salem, Jefferson, and Stayton
    • Tax lot 092W20C001800

    Overview

    This 3.3-acre rural parcel offers a scenic hilltop build site accessed via a private drive through trees, with a fresh asphalt driveway already in place. A septic has been approved, providing groundwork for a custom home and related site improvements. The property is set up for a variety of residential uses, including room for a shop, RV parking, or a small hobby farm, subject to buyer due diligence.

    Located in Turner, Oregon within Marion County, the site is described as secluded while still providing easy access to I-5. The listing notes it is minutes from Turner and also within driving distance of South Salem, Jefferson, and Stayton. The parcel offers sweeping mountain range views and overlooks rolling farmland, with the build location positioned near the top of the property.

    Zoned AR, this land offering can fit buyers seeking a private, acreage-style homesite in the area with a clear starting point for site preparation due to the septic approval. Buyers should perform their own due diligence regarding final building plans, RV and accessory use, and any other site-specific requirements under the applicable zoning and permitting process. Tax lot is 092W20C001800.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Grocery & Convenience Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Turner
    County
    Marion
    State
    Oregon
    Longitude
    -122.960851
    Latitude
    44.766719

    Nearby Similar for Sale

    • $159,000

      Buildable Corner Double Lot

      Flat double lot with utilities, a two-car garage, and well/septic already in place for flexible residential plans.
      14237 Duckflat Rd SE, Turner, OR 97392
      View Details
    • $595,000

      Residential Land Lot with Well

      A gated community lot with mountain views and a recently drilled well capable of 35 GPM.
      8216 Enchanted Ridge Ct SE, Turner, OR 97392
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.3-acre rural parcel with a fresh asphalt driveway and septic approval, offering a scenic hilltop homesite with views.
    Where is this residential land & home lot located?
    The property is located at TA 535399 Home Run Ln SE Turner, OR.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: 3+ private acres with sweeping mountain range views; Fresh new asphalt driveway and private drive through trees to a hilltop build site; Scenic hilltop overlooking rolling farmland and Mt. Hood
    (503) 510-0794
    We can help!
    Listing Contact
    LYNETTE HAWKINS
    Real Estate License ID: 201232425
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    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.

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