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    OFF-MARKET
    Land

    92499 Ward Creek Ln, Myrtle Point, OR 97458

    1215 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,215-acre property in Coos County, Oregon, presents a unique investment opportunity. Located near Myrtle Point (zip code 97458) in the Coastal Mountain Range, this expansive ranch boasts a diverse income stream from timber, cattle grazing, and recreational hunting. The land features cultivated and natural Douglas fir stands of varying ages, ensuring a consistent timber harvest schedule with projected growth rates as high as 10% annually. Approximately 100 beef cows are wintered and calved on the ranch, requiring minimal supplemental feeding, thanks to improved pastures of ryegrass, clover, orchard grass, fescue, and sub-clover. The property's rich biodiversity supports a thriving wildlife population, including a resident herd of approximately 40 Roosevelt elk, as well as blacktail deer, black bear, cougar, and various bird species. Trophy-class elk and deer have been harvested on the property. Existing improvements include two dwellings (suitable for residences or rentals), a historic barn, storage sheds, equipment storage, dog kennels, and cattle working corrals. The ranch offers a blend of privacy and convenience, with easy access to town amenities and a short 46-minute drive to the coastal town of Bandon. This sustainable investment provides a diversified income stream, recreational opportunities, and a unique rural lifestyle. The asking price is $4,750,000.

    Property profile
    Verified
    Property type Land
    Lot 1215 ac (52,925,400 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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