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    Highway Frontage Commercial Building Title is generated by Realmo AI

    1745 SW Hwy 101, Lincoln City, OR 97367

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    For Sale
    $1,800,000

    COMMERCIAL - Lincoln City, OR

    Property size:
    12,300 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $146/SF
    Added:
    Aug 24, 2025
    Days on Market:
    272
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 1745 SW Hwy 101

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-2 General Commercial
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking
    17
    Parking features
    Off Street
    Security features
    Security System
    Fencing
    Chain Link
    Standard status
    Active
    APN
    071122AA-3600-00
    Size
    12,300 SF
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13582

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Floors in Building
    2
    Building materials
    Lap Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Dennis M Regen
    Dennis M Regen

    Listing agent Dennis M Regen License #810604051

    Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR

    Listing date Aug 24, 2025

    MLS# LC-104695

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

    HighLights

    • High‑traffic location on Highway 101 frontage.
    • Significant square footage: 12,300 ft.2 total with retail and flex space.
    • Leaseback opportunity: Sellers to lease back 2400 ft.2 of retail space for a potential 10‑year term.
    • Ample parking on two tax lots totaling over 24,800 ft.2.
    • Flexible commercial space: 9900 ft.2 of flex space split on two levels.
    • Proximity to factory outlet stores.

    Overview

    This commercial building is located in Lincoln City, OR, and features 12,300 square feet of space. The property has 161 feet of frontage on Highway 101, situated just south of the factory outlet stores. The building includes 2,400 square feet of retail space designed for three users, along with 9,900 square feet of flex commercial space split evenly with 4,950 square feet on each level. The property sits on two tax lots totaling over 24,800 square feet (0.58 acres), offering ample parking. The property is zoned C-2 General Commercial. The sellers have the option to lease back the 2,400 square feet of retail space for a 10-year term. Note that the business is not included in the sale, but is available for separate purchase.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.66M
    NOI $149,695 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.14M
    NOI $149,695 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.99M
    NOI $149,695 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $221.4k $18.00
    − Vacancy −$7.5k −$0.61
    EGI $213.9k $17.39
    − OpEx −$64.2k −$5.22
    NOI $149.7k $12.17
    12,300 SF · lease $18.00/SF/yr · vacancy 3.41% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.14M
    $1.87M – $2.49M (±1% cap)
    NOI $149,695 @ 7.0% cap · market cap 8.32%
    Second Best
    Industrial
    $1.78M
    $1.55M – $2.07M (±1% cap)
    NOI $124,371 @ 7.0% cap · market cap 6.91%
    Theoretical Best
    Office A
    $3.21M
    $2.81M – $3.74M (±1% cap)
    NOI $224,576 @ 7.0% cap · market cap 12.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.011525
    Latitude
    44.977471

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    FAQs

    What type of property is this?
    Mixed-use property - 12,300 SF commercial building on Highway 101 frontage.
    Where is this mixed-use property located?
    The property is located at 1745 SW Hwy 101 Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: High‑traffic location on Highway 101 frontage.; Significant square footage: **12,300 ft.2 total with retail and flex space.**; Leaseback opportunity: Sellers to lease back 2400 ft.2 of retail space for a potential 10‑year term.
    (541) 994-4169
    We can help!
    Listing Contact
    Dennis M Regen
    Dennis M Regen
    Real Estate License ID: 810604051
    Learn More
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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.

    More about this property
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