Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway Frontage Development Opportunity Title is generated by Realmo AI

    Laurel Road Unit TL 802, Cave Junction, OR 97523

    View on Map
    Claim this Listing
    For Sale
    $475,000

    10.28-acre parcel with high visibility and development potential.

    Type:Land
    Property size:
    447,796 SF
    Lot size:
    10.28 Acres
    Price / SF:
    $1.06/SF
    Added:
    Aug 28, 2025
    Days on Market:
    273
    Last Refresh:
    May 21 at 9:19 am

    Property Features for Laurel Road Unit TL 802

    General Information

    Standard status
    Active
    Size
    447,796 SF
    Lot size
    10.28 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    China Rose

    Listing agent China Rose License #201218988

    Listing office eXp Realty, LLC

    Listing date Aug 28, 2025

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

    HighLights

    • Prime Highway 199 frontage with outstanding visibility.
    • 10.28‑acre parcel suitable for development.
    • High traffic exposure and easy access.
    • City sewer available.
    • Zoning allows for retail, medical, professional offices, and mixed‑use development.
    • Strong growth potential in a scenic, expanding community.

    Overview

    This 10.28-acre parcel presents an exceptional development opportunity, featuring prime Highway 199 frontage and outstanding visibility on the outskirts of Cave Junction. The property benefits from high traffic exposure and easy access, making it suitable for various business or investment ventures. City sewer is available. Zoning allows for a wide range of potential uses, including retail, medical or professional offices, and mixed-use development. Interested parties should verify specific use allowances and requirements with the City of Cave Junction. This site offers strong growth potential in a scenic and expanding Southern Oregon community. The property size is 447796 square feet. A neighboring 7.84-acre parcel is also available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave Junction
    County
    Josephine
    State
    Oregon
    Longitude
    -123.637905
    Latitude
    42.177675

    Nearby Similar for Sale

    • $850,000
      3,060 SF

      Commercial Building on Fenced Lot

      3060 sq ft commercial building on 1.38-acre fenced lot.
      30073 Redwood Highway, Cave Junction, OR 97523
      View Details
    • $67,700

      Cave Junction Homesite in Gated Community

      0.84-acre homesite near Illinois River, ready for custom build.
      595 E Forks Circle, Cave Junction, OR 97523
      View Details
    • $475,000

      Highway Frontage Development Opportunity

      10.28-acre parcel with high visibility and easy access.
      Laurel Road, Cave Junction, OR 97523
      View Details
    • $425,000

      Development Land Near Hwy 199

      7.84-acre SR-zoned parcel near Cave Junction city limits.
      Laurel Road, Cave Junction, OR 97523
      View Details
    • $575,000

      Cave Junction Country Living

      One-story home with ADU, shop, and pasture land.
      120 Ken Rose Ln, Cave Junction, OR 97523
      View Details
    • $67,700

      Illinois Valley Land For Sale

      0.75-acre corner lot near Illinois River and Cave Junction.
      527 E Forks Circle, Cave Junction, OR 97523
      View Details
    • $225,000

      Residential Land in Cave Junction

      4.7-acre parcel with development potential in Southern Oregon.
      681 Daisy Hill Road, Cave Junction, OR 97523
      View Details
    • $295,900
      2,336 SF

      Cave Junction Income Property

      Four-unit income property on 2.48 acres in Cave Junction.
      701 Caves Highway, Cave Junction, OR 97523
      View Details
    • $474,900

      Cave Junction Land For Sale

      30.8 acres of developable land close to downtown.
      580 W River Street, Cave Junction, OR 97523
      View Details
    • $120,000

      Cave Junction Land For Sale

      10.75 acre parcel with development potential in Southern Oregon.
      499 Laurel Road, Cave Junction, OR 97523
      View Details
    • $374,900

      24+ Acre Development Opportunity

      24+ acre wooded property near Downtown Cave Junction, Oregon.
      580 W River Street, Cave Junction, OR 97523
      View Details
    • $159,000

      5-Acre Parcel in Cave Junction

      Inviting 5-acre parcel ready for your dream home.
      522 Jackadel Lane, Cave Junction, OR 97523
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.28-acre parcel with high visibility and development potential.
    Where is this commercial land located?
    The property is located at Laurel Road Unit TL 802 Cave Junction, OR.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Prime Highway 199 frontage with outstanding visibility.; 10.28‑acre parcel suitable for development.; High traffic exposure and easy access.
    (541) 951-9281
    We can help!
    Listing Contact
    China Rose
    Real Estate License ID: 201218988
    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
    Laurel Road, Unit TL 802, Cave Junction, OR 97523
    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!